The company’s first acquisition was the Renabie mine, near Wawa, Ontario,
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. - GOLD AND SILVER
Read more at: http://www.goldsilverdailyprice.com/2011/07/barrick-gold.html
CQR reported 68 gram per tonne gold intersection over 1.68 metres (2.2 ounces per ton gold over 6 feet) -
http://www.conquestresources.net/pdfs/CQR%20-2011%2009%2014%20-%20NR%20re%20Smith%20Lake%20(3).pdf
Ore Train in Gold Mine Renabie, Ontario, Canada -
CONQUEST INTERSECTS 63 G/T GOLD OVER 0.28 METRES AT SMITH LAKE PROPERTY -
http://www.conquestresources.net/pdfs/Revised%20CQR%20(Smith%20Drilling)%2020110919.pdf
http://investorshub.advfn.com/boards/board.aspx?board_id=11788
http://www.conquestresources.net/
history often repeat itself -
Read more at:
http://www.goldsilverdailyprice.com/2011/07/barrick-gold.html
God Bless
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