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camp, high-grade ounces, infrastructure in
place and, most important, the management
team and board.
What makes Pure Gold unique on top
of the assets is a team in place with exten-
sive Red Lake experience: President and
CEO Darin Labrenz with his experience
at the Campbell Mine; Chief Geoscientist
Christopher Lee was a semi-finalist for
the Goldcorp Challenge; Vice President
of Exploration, Phil Smerchanski, was a
former Red Lake consultant for Goldcorp;
Director Rob Pease was former Manager of
Exploration for Placer Dome and Dr. Mark
O'Dea was the runner-up in the Goldcorp
Challenge. This represents a substantial
platform of knowledge, 'sciencing' and
boots-on-the-ground experience. The asset
speaks for itself. We hope to add to the mil-
lion-plus ounces already defined with our
drilling programs.
RW: How do you think your career at
Canaccord helped you prepare for your
current job?
GC: As a mining analyst and then a
banker, I had the opportunity to under-
stand how you go about preparing and
putting together a presentation on the
assets of a company and marketing it to
investors with a view to the potential
upside in terms of resource expansion and
operational potential. For financings, I like
to think that it's not just my background
that helped, but it's our team approach
that has enabled us to raise capital.
RW: What is your outlook for gold?
GC: I am optimistic on the upside for
gold in the next year or two. Gold has been
range-bound for the last year between US
$1,200 and $1,300 an ounce. The metal
forms a core component for investment. I
believe the supply-demand function alone,
let alone the monetary focus that people
may put on gold as a hedge, suggests to me
that we've got upside.
As for Pure Gold Mining, there are
further advantages for this high-grade
Canadian asset as we have a Canadian dol-
lar exchange rate that provides additional
leverage to the metal price. For gold itself,
I do not think we are anywhere close to
seeing its top for this cycle.
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