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Dec 30, 2021

Pure Gold Mining celebrates first gold bar from new Western Ontario mine

Gold

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Vancouver-based Pure Gold Mining Inc. says it has poured the first gold bar from ore mined at its PureGold Mine in Western Ontario.

It says the first pour was accomplished on Tuesday, following the introduction of ore two weeks earlier to the processing mill at Red Lake, about 535 kilometres northwest of Thunder Bay.

CEO Darin Labrenz says the pour represents the transition of the junior mining company to "producer" status.

He says the construction of the mine, expected to cost about $95 million when approved in 2019, was accomplished on budget and on schedule.

The company says the PureGold mine employs over 200 people and the related workforce is expected to average 350 during the 12-year phase one mine operation.

The company says it will now focus on optimizing operations at the mine while continuing an exploration drilling program. It plans to provide guidance for the year after the first quarter