- PureGold Mining (PGM) says it has achieved a major milestone with the first delivery of gold ore to its milling facility
- The company currently has more than 21,000 tonnes of broken ore available from its high-grade PureGold Mine in Ontario’s Red Lake region
- Crushing has already begun at the mill and the grinding circuit is operating at a rate of approximately 25 tonnes per hour
- A second ramp has also been approved to the northeast end of the mine, which will provide greater access to underground operations
- PureGold Mining is currently down 0.34 per cent to C$2.97 per share
PureGold Mining (PGM) says it has achieved a major milestone with the first delivery of gold ore to its milling facility.
The Vancouver-based company currently has more than 21,000 tonnes of ore available from its high-grade PureGold Mine in Ontario’s Red Lake region.
Crushing has already begun, with the first ore introduced to the mill’s grinding circuit at a rate of approximately 25 tonnes per hour, or 60 tonnes per day.
With first gold now expected before the end of this year, PureGold is undertaking a full ramp-up of its mining operations. This includes the addition of a second ramp to the northeast end of the mine, roughly 12 months ahead of schedule, which will provide greater access to underground operations, particularly in higher-grade areas.
“The introduction of ore to the milling facility reflects the successful culmination of our project build, and signals the commencement of the next chapter in our company’s evolution as Canada’s newest gold mine,” said Darin Labrenz, President and CEO of PureGold Mining.
“Just last year, we announced our intention to become a producer and we are delivering on that promise, on-track and on schedule for first gold production this month,” he added.
In support of future production, PureGold is also advancing its exploration activities at the 47-square-kilometre property. Situated within a seven-kilometre gold system, and with significant potential to expand at depth, drilling work has been designed to expedite the growth of mineral resources and aggressively expand new high-grade discoveries.
Two surface drill rigs are currently in operation outside of the existing mine plan, while underground drilling is focused on infilling and growing mineralisation, primarily with the aim of expanding the near-term mine plan.
PureGold Mining is currently down 0.34 per cent to C$2.97 per share at 11:36am EST.