PureGold is a Canadian company, located in the heart of Red Lake, Ontario, Canada, one of the world’s richest and most prolific gold mining districts. The Company owns the PureGold Mine, which is centered on a forty-seven square kilometre property with significant discovery potential.Red Lake is the world-famous high-grade gold district which has already produced more than 30 million ounces of gold, valued at over USD $50 billion in today’s prices.3 Little wonder Red Lake is called the high-grade gold capital of the world.
At PureGold, responsible mining is not an oxymoron. It is both a duty and a commitment.
We are a principled and ethical company, trying our best to be good neighbours, fully committed to our people, our community, and the environment.
Yes, we are passionate about gold and discovery.
Yes, we are in pursuit of profit for our shareholders.
But these motivations run parallel with our duty and responsibility to our People, our Community (agreements with First Nations, strong sustainable economic benefits, and community development), and the Environment (meeting and/or exceeding modern environmental and engineering standards, protection of wildlife, lands, and waters, and progressive closure and reclamation of surface disturbances – including for mining sites conducted by previous operators).
PureGold has defined a 1.65 million-ounce Indicated Resource (6.9Mt at 7.44 g/t gold), and a 0.366 million-ounce Inferred Resource (1.8Mt at 6.26 g/t gold) at the PureGold Mine.1
Data from more than 1.3 million metres of drilling has delineated a 7-kilometre-long by half-a-kilometre-wide Gold Corridor on our property. This Corridor has a similar geological environment, as the Red Lake Mine Complex right next door – a mine complex which has already produced over 25 million ounces of gold.8
Our exploration team have made discoveries which extend the scale and confirm the continuity of this gold system along our Gold Corridor. Discoveries that remain open along strike and at depth for expansion.