Energy & Mining International - Winter 2016 - 58

E
M
I

PURE GOLD MINING INC.

WINTER 2016

experience. "It comes back again to
people," Labrenz says.

PERFECT PROJECT

The company's Madsen Gold Project has produced more than 2.4 million ounces to date..

Gold Mining is overcoming many of
the typical challenges faced by juniors
through its strong leadership and extensive experience. Also, the strength
of the Madsen project is helping to
make Pure Gold Mining look much
more attractive to potential investors
than many other gold projects in the
works around the world.

EXTENSIVE EXPERTISE
All told, Pure Gold Mining has more
than 120 years of combined experience in its senior leadership team,
and more than 50 of those years have
been concentrated on the Red Lake
district. In addition to the many years
Labrenz spent at the Red Lake Camp,
Vice President of Exploration Darren
O'Brien spent several years working
in exploration for Placer Dome Inc. at
the Red Lake Camp before joining Pure
Gold Mining. Director of Geoscience

Phil Smerchanski served as a technical advisor to Goldcorp's high-grade
generative exploration team in the Red
Lake Camp, as well.
Labrenz says that familiarity with
the district is essential for Pure Gold
Mining, given the complexity of the
geology in the region. Beyond the physical difficulties of mining in Red Lake,
Labrenz says the company's knowledge
base and experience also have been
crucial in helping the company overcome a major challenge: capital.
The biggest difficulty any mining
company - especially juniors - has to
contend with at the moment is access
to capital. Labrenz says the current
market for capital is one of the most
difficult the industry has seen in recent
memory. But, fortunately, it has been
much easier for the company to access
capital than most of its competitors because investors see its management's

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58 emi-magazine.com

Aside from the strength of Pure Gold
Mining's leadership team, Labrenz says
the company is proud of the strength of
its Madsen Gold Project, which was acquired by Pure Gold Mining about two
years ago. The Madsen project was the
Red Lake area's first million-ounce gold
producer, and has been in operation in
varying degrees since 1935.
The Madsen project is ranked as the
14th-highest-grade undeveloped deposit in the world, according to a 2013 report by Natural Resource Holdings, and
the property contains two past producing mines. One of these is the Madsen
Mine, which has produced more than
2.4 million ounces of gold to date. The
company says the four zones within
the Madsen Mine have a combined
indicated resource of approximately
928,000 ounces and an inferred mineral
resource of nearly 297,000 ounces.
Labrenz says the fact that the project
is located within a relatively stable
jurisdiction and features extensive
access to critical infrastructure makes
it very attractive to capital that otherwise would be wary of investing in
gold projects because of their political
instability or undeveloped nature.
"We have a project that ticks those
boxes," Labrenz says. "The world is
looking at what makes some projects
successful, and it's being able to mitigate the risks."
The strengths of the Madsen Gold
Project and the company's management team add up to optimism for the
Pure Gold Mining. He says that as long
as things continue to go the company's
way, it can expect to become a much
bigger player in the Red Lake district
and beyond in the near future. "We're
looking to grow our presence within
Red Lake, and we're going to do that
through exploration," Labrenz says. EMI


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Table of Contents for the Digital Edition of Energy & Mining International - Winter 2016

Contents
Energy & Mining International - Winter 2016 - Cover1
Energy & Mining International - Winter 2016 - Cover2
Energy & Mining International - Winter 2016 - 1
Energy & Mining International - Winter 2016 - 2
Energy & Mining International - Winter 2016 - Contents
Energy & Mining International - Winter 2016 - 4
Energy & Mining International - Winter 2016 - 5
Energy & Mining International - Winter 2016 - 6
Energy & Mining International - Winter 2016 - 7
Energy & Mining International - Winter 2016 - 8
Energy & Mining International - Winter 2016 - 9
Energy & Mining International - Winter 2016 - 10
Energy & Mining International - Winter 2016 - 11
Energy & Mining International - Winter 2016 - 12
Energy & Mining International - Winter 2016 - 13
Energy & Mining International - Winter 2016 - 14
Energy & Mining International - Winter 2016 - 15
Energy & Mining International - Winter 2016 - 16
Energy & Mining International - Winter 2016 - 17
Energy & Mining International - Winter 2016 - 18
Energy & Mining International - Winter 2016 - 19
Energy & Mining International - Winter 2016 - 20
Energy & Mining International - Winter 2016 - 21
Energy & Mining International - Winter 2016 - 22
Energy & Mining International - Winter 2016 - 23
Energy & Mining International - Winter 2016 - 24
Energy & Mining International - Winter 2016 - 25
Energy & Mining International - Winter 2016 - 26
Energy & Mining International - Winter 2016 - 27
Energy & Mining International - Winter 2016 - 28
Energy & Mining International - Winter 2016 - 29
Energy & Mining International - Winter 2016 - 30
Energy & Mining International - Winter 2016 - 31
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Energy & Mining International - Winter 2016 - 33
Energy & Mining International - Winter 2016 - 34
Energy & Mining International - Winter 2016 - 35
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Energy & Mining International - Winter 2016 - 38
Energy & Mining International - Winter 2016 - 39
Energy & Mining International - Winter 2016 - 40
Energy & Mining International - Winter 2016 - 41
Energy & Mining International - Winter 2016 - 42
Energy & Mining International - Winter 2016 - 43
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Energy & Mining International - Winter 2016 - 45
Energy & Mining International - Winter 2016 - 46
Energy & Mining International - Winter 2016 - 47
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Energy & Mining International - Winter 2016 - 49
Energy & Mining International - Winter 2016 - 50
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Energy & Mining International - Winter 2016 - 58
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Energy & Mining International - Winter 2016 - Cover3
Energy & Mining International - Winter 2016 - Cover4
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