Company has reported its highest-grade interval ever from underground drilling at its Aureus East gold project in Nova Scotia.

A feasibility study on the development of Media Luna is expected in the first quarter of next year.

With a 27-year life, the project would involve 20 years of mining and seven years of stockpile processing at a 120,000 t/d flotation concentrator.

The 2020 drill program has achieved its goal of finding a gold-bearing system hosted within similar rocks and structural setting as the nearby Turquoise Ridge mine.

The estimate brings five new deposits at the project in western Turkey into resources.

In the first three months of 2021, Pure Gold processed 47,182 tonnes grading 2.8 g/t gold and generated 4,011 gold oz.

Company has entered into a definitive agreement with Big Ridge Gold, allowing the explorer to earn up to an 80% stake in the past-producing Hope Brook gold project.

Assay results suggest potential for higher-grade zones and additional gold mineralization at depth.