GREY:ABGFF - Post by User
Post by
mattbighamon Apr 12, 2011 12:30pm
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Post# 18419520
Ron and the Snip
Ron and the SnipMr. Netolitzky is a director of BZA and pretty much runs Golden Band Resources.
GBR is in production and BZA is about to be.
Ron's early career focused on the La Ronge areas of Saskatchewan and Ron went back to run GBR and put their mines into production.
Of course,Ron is credited with the Snip and Eskay Creek discoveries and he and BZA are going back,together.
Ron returns to the Eskay Creek area to replicate with BZA what he just did with GBR.
Time is coming to a climax of what has been a legendary Canadian geological career for Ron and if he is going back into the Snip it is because he knows what is left in and around there- beyond all others.
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Around the same time, Ron ventured into the highly prospective hills of British Columbia with another venture, Delaware Resources. Success here came quickly, with the discovery and development of the Snip gold mine---a high-grade find that eventually yielded over a million ounces.
Then, another major setback. This time, the stock market crash of 1987---Black Friday. Overnight, Delaware went from a $7 stock to being completely broke. And owing $2 million in debts.
Again undaunted, Ron combed his already extensive list of contacts and found a group willing to refinance his company. The investors were soon glad they signed on---within a year, Delaware was up to $28 per share.
It was then that Ron came across what would become one of his greatest successes: the Eskay Creek gold-silver deposit. When the property came to him, via an acquaintance, it already had 50 years of exploration history.
As he puts it, "Everyone and the kitchen sink had taken a shot."
Ron and his crew hit the discovery hole on their first drill program. The mine is now the world's fifth-largest silver producer.
Mr. Netolitzky has been directly involved in the mineral exploration industry in Western Canada since 1964.
His knowledge of mineral exploration and aggressive business acumen has resulted in exploration success on three Western Canadian gold projects (all of which became producing mines): the Snip and Eskay Creek deposits in British Columbia and the Brewery Creek deposit in Yukon.
He was honoured with the Bill Dennis Prospector of the Year Award in 1990 by the Prospectors and Developers Association of Canada.