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