6 www.resourceworld.com
A U G U S T / S E P T E M B E R 2 0 1 7
RESOURCE WORLD: How did you
become aware that the Madsen property
could be acquired?
GRAEME CURRIE: Mark and Darin
had sleuthed out that the property could
be acquired from Claude Resources. My
involvement came after they had initiated
negotiations for the asset. I wasn't think-
ing about Madsen, but I did know that if
I wanted to get involved in a company, I
wanted one with a geological upside in a
mature, well recognized mining camp – in
this case – Red Lake. I wanted something
in a safe jurisdiction like Ontario and a
project that was advanced with infrastruc-
ture and high-grade resources in place.
Noting the downturn that we went
through, coming out I knew that grade
was going to be an important factor. The
Madsen package had all these attributes.
RW: What were the acquisition terms
for acquiring the Madsen Project?
DARIN LABRENZ: We purchased
the Madsen Gold Project from Claude
Resources in 2014 for approximately $11.2
million in cash and stock. Subsequently,
we acquired more ground so that we now
Pure Gold Mining
Besides high-grade resources and existing infrastructure, this junior has
assembled a team uniquely suited for advancing the Madsen Project from
exploration to development.
by Ellsworth Dickson
While we can easily find the value of, say, gold or copper, is it possible to place a value on talent? Sometimes a
group of people get together to form a company in which the contributions of the individuals add up to more than
their particular abilities alone. Such is the case for Pure Gold Mining Inc. [PGM-TSXV; LRTNF-OTC] which holds
the 100%-owned past-producing Madsen high-grade gold mine and mill in the Red Lake mining camp, north-
ern Ontario. Officers include Chairman Graeme Currie who has a securities and investment banking background,
President Darin Labrenz, a Red Lake mining geologist, and Dr. Mark O'Dea, Director, a notable geologist and suc-
cessful company builder (Fronteer Gold, Pilot Gold, Aurora Energy, True Gold Mining
).
