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Pure Gold PEA Advances the Madsen Gold Project
Pure Gold Mining has reported the results of a positive preliminary economic assessment (PEA) of its high-grade Madsen gold project in the Red Lake mining district of Ontario. The PEA is based on an updated resource estimate and describes a robust 14-year underground mining operation with highly attractive economics at base-case metal prices. Mineralized material to be mined over the course of the mine life totals 2.99 million mt at an average diluted head grade of 10.3 grams per metric tons (mt) of gold. At a mill recovery of 92%, recovered gold is estimated at about 911,500 ounces (oz).
Pure Gold PEA Advances the Madsen Gold Project
Pure Gold Mining has reported the results of a positive preliminary economic assessment (PEA) of its high-grade Madsen gold project in the Red Lake mining district of Ontario. The PEA is based on an updated resource estimate and describes a robust 14-year underground mining operation with highly attractive economics at base-case metal prices. Mineralized material to be mined over the course of the mine life totals 2.99 million mt at an average diluted head grade of 10.3 grams per metric tons (mt) of gold. At a mill recovery of 92%, recovered gold is estimated at about 911,500 ounces (oz).
Pure Gold PEA Advances the Madsen Gold Project
2017
Article (Journal)
English
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