GO DARREN GO you got what it takes - GO don't be shy follow in Peter's tracks -
well, Drumlummon reminds me of Renabie -
it was like yesterday and when Peter took over - about the first gold operation - Renabie Gold Mine - short history -
The Barrick's first acquisition was the Renabie Gold Mine, near Wawa, Ontario,
Peter got it which produced around 16,000 ounces of gold in 1984. In 1984, Barrick Gold acquired Camflo Mining, which had operations in the province of Quebec and in the U.S. state of Nevada. Barrick’s effort to purchase was slowed by skepticism the company could assume Camflo’s debt of around $100 million. The sale was finalized in May, 1984, with terms that obligated Barrick Gold to repay the debt to The Royal Bank of Canada within one year. The debt was fully paid in January, 1985. Barrick Resources acquisition was Mercur mine in Mercur, Utah in June 1985, followed by the Gold Strike Mine, Nevada in 1986. Gold Strike Mine is in Carlin trend, estimated producing 100 million ounces of gold. - the rest is history - GOLD AND SILVER
history often repeat itself - I was confident in Peter and still enjoy it - GO Darren you got it - its a lot of great GOLD bargains to be picked up - the right place @ the right time
DARREN BLASUTTI President & CEO, Director
Mr. Blasutti was formerly Senior Vice President of Corporate Development for Barrick Gold Corporation. (Barrick = the largest Gold Mining Corporation in the world)
He reported to the Chief Executive Officer and played a lead role in the strategic development of Barrick for over 13 years, during which time he executed over 25 gold mining transactions.
Mr. Blasutti is a member of the Canadian Institute of Chartered Accountants and is a director of Noront Resources Ltd.
The Drumlummon Gold & Silver Mine is a "bonanza" style -
The Drumlummon Gold & Silver Mine is a "bonanza" style epithermal deposit which is characterized by very high grade gold and silver. Drumlummon is a high grade narrow vein gold and silver underground mine with extensive infrastructure.
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