Re: Lots to learn..read between the lines
in response to
by
posted on
May 23, 2009 06:56AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I t was more than a sweet homecoming for
Dale Ginn when he sealed a $7.5 million deal for a mining property in Manitoba. Having invested so much time and expertise at the Rice Lake mine on behalf of its previous owners, Ginn and his partners had every right to feel they earned the opportunity to purchase it for themselves. Ginn was instrumental in forming Rice Lake Joint Venture in January, through a 50/50 joint venture between San Gold Resources Corp. and Gold City Industries Ltd., acquiring Harmony Gold (Canada) from Harmony Gold Mining Company Ltd. of South Africa. Included in the deal was the Bissett Gold Mine, a mill and an environmental licence. Ginn was general manager of Harmony Gold (Canada) before joining the Rice Lake Gold Corp. as general manager and San Gold as president elect. “I spent six years with Harmony and I ran the Bissett Mine for a period too,” he confirmed. “Harmony then began to refocus on assets abroad and eventually we felt it was a good opportunity to acquire the property. It also made a lot of sense to acquire the surrounding lands and the deposits with the mine itself.” Ginn said that Harmony put the