Pure Gold Mining – Overview of Construction Progress and Exploration plans this year
Darin Labrenz, President and CEO of Pure Gold Mining (TSX.V:PGM – OTC:LRTNF) joins me to update everyone on the construction progress and exploration plans for the rest of the year. The Company is anticipating cash flow by the end of the year while still looking to grow the resource through drilling.
If you have any follow up questions for Darin regarding Pure Gold please email me at Fleck@kereport.com.
Click here to visit the Pure Gold website and read over the recent Company news releases.
(PGM) (LRTNF) Pure Gold Mining – Corporate Presentation April 2020
“Welcome to the heart of Red Lake. Canada’s Fort Knox”
Here is a helpful map showing (PGM) (LRTNF) Pure Gold Mining is located smack between the historic Red Lake Mine that Goldcorp just sold to Evolution mining, and (GBR) Great Bear. Also Premier Gold’s mine. Definitely the right neighborhood to be going into production in.
https://www.miningclips.com/wp-content/uploads/GBR_Red_Lake_Property_Map_03Sep17-1024×789.jpg
Canada’s Next Gold Mine on Track for First Gold Pour in Q4
by @nasdaq on 11 May 2020
“Pure Gold Mining Inc. (PGM) (LRTNF) is pleased to report mine construction activities at its PureGold Red Lake Mine in Ontario are on schedule for first gold pour before the end of the year.”
“We are not just building an integrated mining operation. We are building a fully-funded, long-life growth company uniquely positioned in the Red Lake camp, one of the world’s largest gold-producing districts. Our opportunity is tremendous: the real potential to become Red Lake’s next senior gold producer,” says Darin Labrenz, President and CEO. “Our 47km2 property possesses a proven, large high-grade gold system, with the same rocks, structure, timing, geology, grade and endowment potential as Evolution’s Red Lake mine just 15 kilometres away. Work to date has proven we have a clear and precise understanding of the geology and district, and we have demonstrated our ability to execute on our goals. Our future cash flow will fund our aggressive gold growth plans, and there is no more important time to be building a gold mine.”
https://ceo.ca/@nasdaq/canadas-next-gold-mine-on-track-for-first-gold-pour
Pure Gold has a blown out share structure that will inhibit any upside potential for the foreseeable future.
Try Jaguar with 740 million shs and Sprott liked it enough to buy 47%. Pure Gold is in Red Lake area. Not sure they are done discovering. Gets better as price of gold goes up. You may be right but not every miner can have the share structure of a Great Bear.
+47 Agreed David. The share structure is not nearly as important as the market cap and whether that is fairly valued. For goodness sakes there are many successful Aussie companies with Billions of shares out that have plenty of upside torque.
In both Pure Gold and Jaguar’s cases they have plenty of room to run higher to be valued closer to peer companies. Both have been moving steadily higher so their share structures don’t matter and are definitely not inhibiting upside potential. 😉
Are you kidding? Stock is at new highs and is lifting off from a phenominal base built over several years when other gold explorers were tanking. Mark o’Dea company and he has been purchaing hundrds of thoudands of shares over the past 6 months. Do your homework. Share structur is irrelevant.
Bingo! You are definitely speaking the truth JustTruth. PGM has a great base that it has taken off from and is doing great lately, and rightly so with the higher gold prices increasing it’s economics (NAV, IRR, payback period) and overall valuation.
I also agree that Mark O’Dea and his Oxygen Capital Group are top shelf management teams. I won big with Mark O’Dea in True Gold, he was on the board of Nexgen for a while, he’s doing great with Pure Gold, Liberty Gold, and one of my favorites Discovery Metals.
Listened to the Pure Gold MIF presentation and this interview and added today.