Pure Gold Mining Inc. Pure Gold Files Amended Technical Report (7148E)
08 July 2019 - 4:00PM
UK Regulatory
TIDMPUR
RNS Number : 7148E
Pure Gold Mining Inc.
08 July 2019
NEWS RELEASE 19-16 July 8, 2019
PURE GOLD FILES AMENDED TECHNICAL REPORT
VANCOUVER, B.C. - Pure Gold Mining Inc. (TSX.V: PGM; LSE: PUR)
(the "Company" or "Pure Gold") reports that it has filed an amended
technical report titled "Madsen Gold Project Technical Report
Feasibility Study For The Madsen Deposit Red Lake, Ontario, Canada
" effective February 5, 2019 and dated July 5, 2019 ("Amended
Technical Report"), prepared by independent Qualified Persons led
by JDS Energy & Mining Inc. ("JDS").
The Amended Technical Report has been prepared to correct
deficiencies, identified by the British Columbia Securities
Commission ("BCSC"), in the March 21, 2019 technical report. These
deficiencies have been addressed and corrected in the Amended
Technical Report and a copy will be filed on SEDAR at www.sedar.com
and posted on the Company's website www.puregoldmining.ca.
The Amended Technical Report has been prepared in accordance
with the disclosure and reporting requirements set forth in the
Canadian Securities Administrators' National Instrument 43-101 ("NI
43-101"), Companion Policy 43-101CP, and Form 43-101F1, as well as
with the Canadian Institute of Mining, Metallurgy and Petroleum's
"CIM Definition Standards For Mineral Resources and Reserves,
Definitions and Guidelines" ("CIM Standards") adopted by the CIM
Council on May 10, 2014.
The Amended Technical Report reflects a change to remove all
references to a preliminary economic assessment for the Company's
Fork, Russet South and Wedge Deposits. This change does not impact
the results of the Company's feasibility study, probable reserves
or mineral resources on its Madsen Gold Project.
The Qualified Persons who prepared the Technical Report are:
Michael Makarenko, JDS Energy & Mining Inc. Mineral Reserve Estimate,
P.Eng. Mining Methods
Michael Levy, P.E., JDS Energy & Mining Inc. Underground Geotechnical
P.Eng.
-------------------------------- -------------------------------
Kelly McLeod, P. JDS Energy & Mining Inc. Metallurgy, Recovery Methods
Eng.
-------------------------------- -------------------------------
Richard Boehnke, JDS Energy & Mining Inc. Infrastructure
P.Eng.
-------------------------------- -------------------------------
Marc Jutras, P.Eng. Ginto Consulting Inc. Mineral Resource
-------------------------------- -------------------------------
Daniel Ruane, P.Eng. Knight Piesold Ltd TMF, Waste Rock Management
-------------------------------- -------------------------------
Dave Stone, P.Eng. Minefill Services Ltd Mine Backfill
-------------------------------- -------------------------------
Darcy Baker, P. Equity Exploration Consultants Geology and Data Verification
Geo. Ltd.
-------------------------------- -------------------------------
ABOUT PURE GOLD
Our mandate is pure and simple. To dream big. To colour outside
the lines. To use smart science and creativity to unlock the Madsen
Gold Project in Red Lake, Ontario. And become Canada's next iconic
gold company.
Additional information about the Company and its activities may
be found on the Company's website at www.puregoldmining.ca and
under the Company's profile at www.sedar.com.
ON BEHALF OF THE BOARD
"Darin Labrenz"
Darin Labrenz, President & CEO
Investor inquiries:
Tel: 604-646-8000
info@puregoldmining.ca
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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END
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