Madsen is one of the highest grade undeveloped gold deposits in the world.
Pure Gold Mining Mining News
The company released an updated resource estimate that sees Madsen’s indicated resource jump by 319,000 ounces (18%) to a total of 2.06 million ounces.
The current resource base is 1.6 million ounces of gold in the indicated category and 178,000 ounces inferred.
Fund to be used for exploration and development of the company's Madsen gold project.