TIDMPUR
RNS Number : 0657H
Pure Gold Mining Inc.
20 March 2020
NEWS RELEASE 20 -04 March 20, 2020
PURE GOLD MINING COVID-19 RESPONSE MEASURES
VANCOUVER, B.C. - Pure Gold Mining Inc. (PGM - TSX-V, PUR - LSE)
("Pure Gold" or the "Company"), is closely monitoring the COVID-19
pandemic and has implemented preventative measures at both the Pure
Gold Red Lake Mine site as well as corporate offices to safeguard
the health of its employees while continuing to operate effectively
and responsibly in our communities.
Development activities at the Pure Gold Red Lake Mine continue
to operate normally, with no significant impact to date beyond the
implementation of additional education and safety measures. At this
time, the development schedule is on track and first gold
production is anticipated in late 2020.
Some of the measures being put into place include:
-- Implementing work from home practices where possible,
including ongoing detailed engineering work for the mine
development
-- Reducing in person meetings and transitioning to
teleconferencing where possible, as well as restricting large
gatherings
-- Implementing enhanced cleaning and disinfecting protocols
-- Promoting personal preventative measures, such as frequent
handwashing, and increasing awareness of social distancing
practices
-- Screening all contractors and external visitors to site for
risk factors and symptoms, as well as returning employees on shift
change
-- Requiring employees who show symptoms or are in close contact
with someone with symptoms to stay home from work
-- Suspension of all international travel and requiring
employees returning from travel outside of Canada to self-isolate
for the government recommended 14 day self-quarantine period
"Ensuring the health and safety of our employees and the
communities in which we operate is our highest priority, " said
Darin Labrenz, President and CEO. "Though there have been no
confirmed or suspected cases of COVID-19 in Red Lake, we are
implementing various precautionary measures aimed at reducing the
risk of transmission and enabling our development and construction
activities to continue as efficiently as possible."
Pure Gold will continue to closely monitor the rapidly changing
COVID-19 situation and will adjust its plans as necessary, with the
primary focus being the health and safety of our employees. The
Company is following the COVID-19 safety guidelines outlined by the
Government of Canada and the Public Health Agency, as well as the
Provincial Governments of Ontario and British Columbia, and will
provide updates to the market as appropriate.
ABOUT THE PURE GOLD RED LAKE MINE
Pure Gold is building Canada's highest-grade gold development
project, the Pure Gold Red Lake Mine. With project financing
secured, Pure Gold Red Lake Mine is on track to deliver first
production into a rising gold market in late 2020. The orebody is
open for expansion and forms a part of a seven-kilometre-long
mineral system under active exploration, with opportunity for
transformative growth through discovery .
ON BEHALF OF THE BOARD
"Darin Labrenz"
Darin Labrenz, President & CEO
Investor inquiries:
Adam Buchanan, Manager, Investor Relations
Tel: 604-646-8000
info@puregoldmining.ca
Media inquiries:
Gareth Tredway / Annabel de Morgan - Tavistock
Tel: +44 (0) 20 79207150
puregold@tavistock.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
All statements in this press release, other than statements of
historical fact, are "forward-looking information" with respect to
Pure Gold within the meaning of applicable securities laws,
including, but not limited to statements with respect to those that
address timing of and potential for production.Forward-looking
information is often, but not always, identified by the use of
words such as "seek", "anticipate", "plan", "continue", "planned",
"expect", "project", "predict", "potential", "targeting",
"intends", "believe", "potential", and similar expressions, or
describes a "goal", or variation of such words and phrases or state
that certain actions, events or results "may", "should", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking information is not a guarantee of future
performance and is based upon a number of estimates and assumptions
of management at the date the statements are made including, among
others, assumptions about future prices of gold and other metal
prices, currency exchange rates and interest rates, favourable
operating conditions, political stability, obtaining governmental
approvals and financing on time, obtaining renewals for existing
licences and permits and obtaining required licences and permits,
labour stability, stability in market conditions, availability of
equipment, accuracy of any mineral resources, successful resolution
of disputes and anticipated costs and expenditures. Many
assumptions are based on factors and events that are not within the
control of Pure Gold and there is no assurance they will prove to
be correct.
Such forward-looking information, involves known and unknown
risks, which may cause the actual results to be materially
different from any future results expressed or implied by such
forward-looking information, including, risks related to the
interpretation of results at the Madsen Gold Project ; changes in
project parameters as plans continue to be refined; current
economic conditions; future prices of commodities; possible
variations in grade or recovery rates; the costs and timing of the
development of new deposits; failure of equipment or processes to
operate as anticipated; the failure of contracted parties to
perform; the timing and success of exploration activities
generally; delays in permitting; possible claims against the
Company; the timing of future economic studies; labour disputes and
other risks of the mining industry; delays in obtaining
governmental approvals, financing or in the completion of
exploration as well as those factors discussed in the Annual
Information Form of the Company dated March 20, 2019 in the section
entitled "Risk Factors", under Pure Gold's SEDAR profile at
www.sedar.com .
Although Pure Gold has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking information,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. Pure Gold disclaims any intention
or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise
unless required by law.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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