TSX-V-listed Pure Gold Mining has started a preliminary economic assessment (PEA) of its fully owned Madsen gold project, in Ontario’s Red Lake mining district, which had previously produced 2.5-million ounces of gold at a grade of 9.9 g/t.
The Vancouver-based explorer advised that the PEA will provide a base case assessment of near-term development opportunities utilising existing mining infrastructure, including the permitted mill and tailings facility, to develop the existing near-surface mineral resource.
