Building Canada’s Next Gold Mine; Sc Heduled First Production
In Late 2020 And Ongoing A Ggressive Drilling Program
Stock Code: TSX-V : PGM | LSE: PUR | OTCMKTS: LRTNF
Company Exposure: Gold
Project Locations: Canada
Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR, OTCMKTS: LRTNF) is a Canadian gold development company advancing Canada’s highest grade development project, the Madsen Red Lake Mine, with a goal of first production in late 2020. The company is fully funded for construction of the mine through to first production, and a parallel resource growth plan.
MADSEN RED LAKE MINE2,3,4
With the commencement of production, Pure Gold Mining will be joining the small, elite group of well-funded gold producers with high-grade, multi-million ounce deposits located in prolific, miningfriendly jurisdictions such as Red Lake, Ontario, Canada. Over 29 million ounces of gold have been mined from the Red Lake camp in the last 85 years.
The high-grade/low-capex nature of the Madsen mine reflects in its leverage to gold price: at US$1,500/oz. the After-Tax NPV5% is C$390mm with an After-Tax IRR of 51%.
As we begin construction, our project is perfectly timed to benefit from a rising gold market, and looks set to generate well over C$800 million in cumulative pre-tax cash flow with gold currently
near C$2,000 per ounce.
Pure Gold is the only operator in the Red Lake camp that has plans to start a mine with a new deposit in 2020. During the 13-month construction phase, the company is continuing with an aggressive resource exploration and expansion drilling program.
Over 30% of the share float is held by four, key strategic investors that have distinguished themselves in founding and operating multi-billion dollar gold mining companies. Eric Sprott and Rob McEwen built multi-billion dollar companies Kirkland Lake Gold and Goldcorp, respectively, through the discovery of new, high-grade multi-million ounce deposits at the historical Fosterville, Macassa and Red Lake mines. Our other two strategic investors, Newmont Goldcorp and AngloGold Ashanti, rate at the top as global leaders in gold production. These mining titans, see the same potential for transformative growth at Madsen.