Company Updates From Management – Tue 21 Jul, 2020

PureGold Mining – Catalysts for this year – First Gold pour in December and 30,000meters of exploration ongoing.

I have been receiving a lot of emails regarding Pure Gold Mining (TSX.V:PGM – OTC-LRTNF – LSE:PUR). After the first batch of drill results were released earlier this month it seemed like a good time to bring Darin Labrenz, President and CEO of Pure Gold on the show for an update.

Darin and I discuss the 30,000 meter drill program that is ongoing along with the development of the PureGold Red Lake Mine that is slated for first gold pour by December. On the exploration front we outline the goals of the program and the general targets. On the productions side of things we discuss economics at the higher metals prices.

If you have any follow up questions for Darin over at Pure Gold please email me at Fleck@kereport.com.

Click here to visit the Pure Gold website and read up on the recent news and drill results.


Comments:
  1. On July 21, 2020 at 9:49 am,
    Excelsior says:

    Cory, it’s great to get an update from Pure Gold on their development, expected production, and ongoing exploration program. PGM has been on a tear all year, and rightly so, as they’re on track to be the next company in the prolific Red Lake area to graduate from developer to producer by the end of this year. Very happy shareholder here!

    • On July 21, 2020 at 2:17 pm,
      David says:

      Pure Gold = Pure Happiness

      • On July 21, 2020 at 3:12 pm,
        Excelsior says:

        +1 Agreed!

  2. On July 22, 2020 at 7:32 am,
    Excelsior says:

    (PGM) (LRTNF) PureGold Red Lake Mine Achieves Permitting Milestone

    by @nasdaq on 22 Jul 2020

    “I am exceptionally proud of the tremendous groundwork our team has completed to establish the foundation of a long-life mining company in Red Lake,” said Darin Labrenz, President and CEO of PureGold. “Since first acquiring the project, we have worked very closely with the First Nations, local communities and regulators to materially advance the project and to transform a brownfields site into a sustainable modern mine. To date, our work has clearly established a robust, scalable mining operation, while concurrently improving the surrounding environment through the progressive removal and reclamation of legacy works. In production, our PureGold Mine is expected to generate over $470 million in direct salaries over the life of the phase 1 mine and will provide significant economic benefits to the local communities and surrounding region through both direct and indirect taxation and expenditures. While proud of our rich Red Lake history, we are truly excited about the future as we establish a new, modern mining complex that will provide meaningful employment and be an economic driver for years to come.”

    https://ceo.ca/@nasdaq/puregold-red-lake-mine-achieves-permitting-milestone

  3. On July 22, 2020 at 4:43 pm,
    Patrick Ryan says:

    I am a shareholder and work on the development front line for Pure Gold it’s an awesome place to work excellant safety and moral.great bunch of people.