Replies to post #34874 on Value Microcaps Junior Miners

[Bobwins]

PGM.v/LRTNF +.27 to C$2.21

Pure Gold is definitely not cheap but a great combo of fundamentals and sizzle.

Should pour first gold this December. Phase I will be a 100K producer with over 2 million oz of resource.

But the big question is whether their Pure Gold Red Lake Mine has the same rocks as the nearby Red Lake mine run by Evolution. When Goldcorp drilled below 2,000 meters at Red Lake, they hit super high grade ore that multiplied the returns and basically built Goldcorp. Pure Gold have one hole at 2100 meters that is solid. Once the mine is producing, they will have cashflow and time to drill deeper and find out if the dream is true.

CEO was formerly chief geologist at Red Lake Mine and believes the high grade deep gold is there. Nice thing is, you can afford to speculate because you will have a nice 100K producer in a few months with cashflow.

Of course, there is always risk in new producers but the mine has already produced 2 million oz so the rocks shouldn't be the problem.

https://puregoldmining.ca/sites/default/files/uploads/presentation/file_upload/Pure_Gold_Slides_June_29_2020_Final.pdf