• Data Access
  • Your Email  
  • Your Email  
Keep me signed in.
Forgot your password?
Close
  • Forgot Your Password?
  • Enter the email you signed up with and we'll email it to you.
  • Your Email  
Close
Back
MDO
Mining Data Solutions
  • Home
  • Database
  • Subscribe
  • Sign In
  • Sign In
Canada
PureGold (Madsen) Mine

This page is not tailored to
devices with screen width under 750 px.
 Location:
8 km SW from Red Lake, Ontario, Canada

  Address:
#2 Mine Street, P.O. Box 304
Madsen
Ontario, Canada
P0V 2C0
Phone  ...  Subscription required
EmailEmail
WebsiteWeb
Additional Resources for Suppliers & Investors
Drill results over 30 g/t Au
Stay on top of recent discoveries.
Search drill results by commodity and grade.
Largest mines in the Americas
Mining and mill throughput capaciites.
Full profiles of select mines and projects.
Deepest underground mines
Shaft depth and mill throughput data.
Full profiles of select mines and projects.
Heavy mobile equipment
HME type, model, size and quantity.
Full profiles of select mines and projects.
Permitting and construction projects
Projects at the permitting or construction stage. Full profiles of select projects.
Mines with remote camps
Camp size, mine location and contacts.
Full profiles of select mines and projects.
Mines & projects in Canada
A list of country's mines and projects.
Full profiles of select mines and projects.
  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Financials
  • Fleet
  • Personnel
  • Filings & News

Thank you for browsing through mine profiles compiled by the Mining Data Online team.

Would you like to subcribe or schedule a Demo?
  • Name:
     
  • Company:
     
  • Position:
     
  • Phone:
  • Email:
  • Message:

Overview

StatusCare and Maintenance
Mine TypeUnderground
Commodities
  • Gold
Mining Method
  • Mechanized Cut & Fill
  • Overhand Cut & Fill
  • Longhole stoping
  • Hydraulic backfill
Production Start...
Mine Life12 years (as of Jan 1, 2021)
PureGold poured first gold in late December 2020 and declared commercial production at the Mine on August 1, 2021.

On October 24, 2022, the Company suspended operations and placed the PureGold Mine on care and maintenance. This step followed an evaluation of several potential alternative scenarios and became necessary because the mine had not yet achieved consistent positive site-level cash flow.


Owners

Source: p. 2, 3
CompanyInterestOwnership
Pure Gold Mining Inc. 100 % Direct
Pure Gold is the 100% owner of the Madsen Gold Project (now PureGold) in the Red Lake Mining District.

On October 31, 2022, the Company obtained an initial order for creditor protection from the Supreme Court of British Columbia (the “Court”) under the Companies’ Creditors Arrangement Act (“CCAA”). KSV Restructuring Inc. was appointed as the monitor.

On November 9, 2022 the Court, on application of the Company, granted a Sales and Investment Solicitation Process Order (the “SISP Order”), among other relief. The SISP Order, among other things: (i) approves a sales and investment solicitation process for all the assets, undertakings and property of the Company, including the PureGold Mine project located in Ontario and (ii) approves of the engagement of National Bank Financial Inc.as PureGold’s sales agent for the purposes of the SISP.

Contractors

Subscription required - Subscription is required.


Deposit Type

  • Vein / narrow vein
  • Orogenic


Summary:

The PureGold Mine is located within the Red Lake Greenstone Belt (RLGB) of the Archean Superior Province of the Canadian Shield. Gold deposits in the RLGB are classified as orogenic gold deposits (Groves et al., 1998) and characterized by a spatial and temporal association with crustal-scale fault structures.

Property Mineralization
Madsen Deposit – Austin, South Austin and McVeigh Zones
Most of the historical gold production and most of the current mineral resources at the PureGold Mine are within the Austin, South Austin and McVeigh zones which, along with the 8 Zone, comprise the Madsen deposit. At the scale of the property, these zones all lie within much broader, kilometrescale planar alteration and deformation corridors that have been repeatedly reactivated during gold mineralization and subsequent deformation and metamorphism.

The distribution of gold within these planar structures is almost exclusively within variably altered basalt, and enhanced in close proximity to major lithological contacts, such as ultramafic sills, felsic dykes and felsic volcanic strata. The overall plunge of the different deposits occurring close to the Confederation assemblage (e.g., Madsen, Starratt and Wedge) is controlled by the intersection of the mineralized planar structures with the local stratigraphy, as exemplified by its intersection with two barren ultramafic sills in the PureGold mine. Here, the northeastern boundary of the Austin zone coincides ........


Mining Methods

  • Mechanized Cut & Fill
  • Overhand Cut & Fill
  • Longhole stoping
  • Hydraulic backfill


Summary:

Madsen is proposed to be mined as an underground operation using a combination of longhole stoping (LH) with unconsolidated rock fill, conventional cut and fill (CCF) and mechanized cut and fill (MCF) both using hydraulic and rock fill. A target production rate of 800 t/d is envisioned over an operating mine life of 12-years that will extract 3.5 Mt of ore. LH Stoping, CCF and MCF will account for 25%, 59% and 16% of the total ore production respectively. The Madsen deposit will be accessed by extending the current underground ramp and tying into the existing mine levels spaced approximately every 50 metres. Ore and un- mineralized mine rock will initially only be trucked out of the mine, with shaft hoisting being utilized to bring ore to surface from year 4 onwards. A mix of fully electric and diesel mining equipment will be utilized to reduce ventilation requirements through the mine life.

The ventilation network will require a combination of 3.7 meter and 2.4 meter diameter raises, as well as the ramp to distribute fresh air. The tight-lined ventilation partition of the shaft will be utilized as an exhaust path for the ventilation network. Mine air heaters will be installed at both fresh air intakes.

Longhole Mining
LH will be used where the rock quality and ground conditions allow and where vein geometry is amenable to economic stope design. LH is the highest productivity method selected for the production phase of mining.

LH is ........


Crushing and Grinding
Source: Subscription required

- subscription is required.


Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Production:
On October 24, 2022, the Company suspended operations and placed the PureGold Mine on care and maintenance. Operating and financial results 2022 are presented for the nine months ended September 30, 2022.

CommodityProductUnits20222021Avg. Annual (Projected)LOM (Projected)
Gold Metal in doré koz  ......  Subscription required  ......  Subscription required
Gold Payable metal koz 79970

Operational Metrics:

Metrics20222021
Total tonnes mined  ......  Subscription required  ......  Subscription required
Ore tonnes mined  ......  Subscription required  ......  Subscription required
Waste  ......  Subscription required  ......  Subscription required
Tonnes milled  ......  Subscription required  ......  Subscription required
Daily ore mining rate  ......  Subscription required  ......  Subscription required
Daily processing capacity  ......  Subscription required  ......  Subscription required
Daily processing rate  ......  Subscription required  ......  Subscription required
Subscription required - Subscription is required.

Reserves at December 31, 2021:
Mineral resources are reported at a cut-off grade of 3.38 g/t Au

CategoryTonnage CommodityGradeContained Metal
Indicated 6,909,900 t Gold 7.4 g/t 1,653,000 oz
Inferred 1,819,300 t Gold 6.3 g/t 366,200 oz

Financials:

Units20222021
Revenue M CAD  ......  Subscription required  ......  Subscription required
Operating Income M CAD  ......  Subscription required  ......  Subscription required
Pre-tax Income M CAD  ......  Subscription required  ......  Subscription required
After-tax Income M CAD  ......  Subscription required  ......  Subscription required
Subscription required - Subscription is required



Proposed Heavy Mobile Equipment as of July 5, 2019:
HME TypeSizeQuantity
Backhoe ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Feb 7, 2023
....................... Subscription required ....................... Subscription required Subscription required Feb 7, 2023
Subscription required - Subscription is required.

Staff:

Total WorkforceYear
Subscription required 2022
Subscription required 2021

Corporate Filings & Presentations:

DocumentYear
Other 2023
Financial Review 2022
Management Discussion & Analysis 2022
Technical Report 2022
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2019
Preliminary Economic Assessment 2018
Preliminary Economic Assessment 2017
Press Release 2017
Press Release 2017
Preliminary Economic Assessment 2016
Subscription required - Subscription is required.

Subscription required - Subscription is required.

Terms of Use Privacy Policy © 2017-2023 MDO Data Online Inc.