The first gold pour of Red Lake's newest mine will take place at year's end.
Vancouver's Pure Gold Mining reports its on schedule with ongoing construction above and below ground at its Red Lake Mine. The gold pour will sometime in the fourth quarter of 2020.
The company's 47-square-kilometre property, just southwest of the community of Red Lake, is the site of two former gold mines with historical production of 2.6 million ounces of gold.
Evolution Mining's (formerly Newmont Goldcorp) Red Lake Complex is 15 kilometres away.
To date, 60 employees are on the payroll – many being from Red Lake – with work being done to upgrade the property's road and utility infrastructure with a new administration building and processing plant being built.
In a recent update, the company reports significant progress with the mine dry facility nearing completion and progress being made to refurbish the site's grinding mill. A new ball mill has been installed and foundation work was started on a batch plant to supply backfill material for the mine.
Below ground, the ramp continues at an "accelerated pace" with 1,000 metres of development now finished, which should provide access to key stopes.
Exploration drilling will resume in late May with the intent of building more gold reserves, specifically in the areas blocked off for mining this year and next.
To date, the Red Lake Mine project contains 2.1 million ounces indicated gold at 8.9 grams per tonne (g/t) and 0.5 million ounces inferred at 7.7 g/t.
“We are building a fully funded, long-life growth company uniquely positioned in the Red Lake camp, one of the world’s largest gold-producing districts," said Pure Gold president-CEO Darin Labrenz in a statement.
"Our opportunity is tremendous: the real potential to become Red Lake’s next senior gold producer."
"Work to date has proven we have a clear and precise understanding of the geology and district, and we have demonstrated our ability to execute on our goals. Our future cash flow will fund our aggressive gold growth plans, and there is no more important time to be building a gold mine.”
On the health and safety side, the company said construction activities are continuing normally with no significant impacts to date. No positive cases of COVID-19 have been reported among its workforce at the site.