Page 64 By Gregory Reynolds Pure Gold Mining Inc has announced that under ground drilling continues to reinforce the current resource and expand the mineralized zones at its 100 owned Madsen Gold Project Madsen Recent drilling designed to test the resource in close proximity to the Madsen ramp continues to exceed expectations with several drill holes intersecting multiple lenses of high grade gold mineralization Notably under ground drilli ng con tinues to enhance and better defne proposed stope shapes tar geted for the frst years of production The company is also basking in the limelight of mining circles since the Northwestern Ontario Prospectors As sociation NWOP A honoured it with the Developer of the Y ear award for the Madsen at their annual awards dinner in Thunder Bay Ontario on April 3 2018 Darin Labrenz Madsen president and CEO commented W e greatly appre ciate the NWOP A recognition of the Pure Gold exploration and develop ment team staf and our partner con tractors and consultants in the devel opment of the Madsen Gold Project My appreciation extends to the com munities of Madsen Red Lake W a bauskang First Nation and Lac Seul First Nation Congratulations to the extended team for all their hard ef forts over the last year as we continue to move the project forward rapidly through to the Defnitive Feasibility Stage planned for completio n in the fourth quarter of 2018 A deserving recognition for all your eforts as we advance the Madsen Gold Project onto the path of becom ing Ontario s next gold mine Labrenz said under ground drilling continues to demonstrate the strength of the gold system at Madsen As with our previously released un der ground drill results from the Mad sen ramp area these latest results have surpassed our expectations with multiple drill holes returning excep tional widths and grades In addition to expanding and enhanc ing the resource these results will be used to fnalize stoping areas that will form part of our test mining program scheduled to commence in the second quarter of 2018 Signifcantly these stope shapes are designed to provide simple ramp ac cessible production in the early years of operation when capital payback is most important The Madsen Gold Project has historic production of 25 million ounces of gold and a current Indicated resource of 1744000 ounces gold at 87 gt gold in 62 million tonnes and an Inferred resource of 296000 ounces gold at 79 gt gold in 12 million tonnes Pure Gold says weve assembled and acquired 100 ownership of more than 47 square kilometres of con tiguous patented mining claims Our Madsen Mine asset has produced 25 million ounces of gold maki ng it the second lar gest historic gold mine in Red Lake The project benefts from existing in frastructure including a mill and tail ings facility paved highway access and access to power water and expe rienced labour Pure Gold says Our mandate is pure and simple T o dream big T o colour outside the lines T o use smart sci ence and creati vity to unlock the next major discovery at the Madsen Gold Project in Red Lake Ontario and be come Canada s next iconic gold com pany In 2017 Pure Gold achieved several major milestones for the Madsen Project that included Completion of over 150000 metres of drilling in the past two years Completion of an updated mineral re source report in August 2017 for the Madsen Deposit resulting in an indi cated resource of 1648000 ounces gold at 89 gt gold in 579 million tonnes and an inferred resource of 178000 ounces gold at 94 gt gold in 059 millio n tonnes at a cutof grade of 4 gt Au Reopening and reconditioning of the Madsen under ground ramp including Installing new ground support water line mine air heating and ventilation power line construction and commis sioning and communication s infra structure Completion of the Preliminary Eco nomic Assessment PEA in Septem ber 2017 Addition of mineral resources from two satellite deposits to the Madsen Mineral Resource in December 2017 Discovery of multiple zones of high grade gold mineralization at the W edge satellite tar get Initiation of a Defnitive Feasibility study in December 2017 Pur e Gold mineralized zones A wardwinning expands