Pure Gold Mining Inc

LSE:PUR

Pure Gold Mining, Inc. engages in the acquisition, exploration, and development of gold mineral deposits in Canada. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2006-04-26. The firm is engaged in the business of the acquisition, exploration and development of gold and other precious and base metal properties in Canada. The Company’s principal mineral property is the PureGold Mine Project (PureGold Mine) located near Red Lake, Ontario. Its PureGold Mine property consists of approximately 251 mining leases, mining patents and unpatented mining claims owned or controlled 100% by the Company, covering an area in excess of 4,600 hectares in the Red Lake gold camp of Northwestern Ontario. The firm has acquired a 100% interest in the Newman-Madsen Property. The Newman-Madsen Property is considered a part of the PureGold Mine. The company has also acquired a 100% interest in the Derlak Gold Property. The Derlak Gold Property consists of approximately 11 claims, which are subject to a royalty arrangement based on a net smelter return (NSR) of 3%.