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Pure Gold says head grades trend positively as production ramps up

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(Kitco News) - Pure Gold Mining (TSX-V:PGM, LSE:PUR) announced today that with the milling facility ramp-up completed at its PureGold mine in Ontario in the first quarter, the company’s focus for the second quarter has shifted to ramping up high-grade ore production from the mine.

Quarter-to-date, the company said, head grades have significantly increased compared to the first quarter and continue to trend positively, achieving an average of 6.3 g/t Au over the last three weeks. Metallurgical recoveries continue to be exceptional, ranging between 95-99% year-to-date.

Ore production rates are expected to continue to increase toward design capacity of 800 tonnes per day with the goal of achieving and sustaining that rate by mid-year.

Production highlights for the three-week period from April 20 – May 10, 2021 include 6.3 g/t Au average processed head grade, 9,637 tonnes of ore milled, 97.5% gold recovery rate, and 1,908 ounces of gold produced.

The company added that the ramp-up of the PureGold mine has gone exceptionally well during the second quarter, and the most recently mined stope yielded an average head grade of 10.0 g/t Au including a peak daily head grade of 13.1 g/t Au. The company’s focus for the balance of the second quarter will be on ramping up ore production from the mine to design capacity.

The company currently anticipates declaring commercial production at or near the end of the second quarter, based on its ongoing assessment of both ore throughput and gold production. Inaugural production and cost guidance for the balance of 2021 will follow shortly thereafter.

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