Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 20, 2006, Winnipeg, Manitoba Sunday August 20, 2006 editor Margo Goodhand 697-7234 b1 perspective All that glitters Bissett a future Golden As san Gold mine prepares to pour first ingot photos by Ken Gigliotti / Winnipeg free press Hugh Wynne in front of the san Gold mines head Frame. Wynne is about to realize his Golden dream. Quartz from the Bissett mines 5,000-foot level sporting those magical Gold flecks. By Bill Redekop b Issett ? a decade ago local contractor Hugh Wynne stood in a swamp and told the free press he was going to find Gold there. Yeah right. There want a Rock in sight. Just water mud and Damsel flies. You Felt like twirling an Index Finger around your Temple As soon As Wynnes Back was turned. Wynne in to standing in a swamp anymore. He a standing on top of the world. Not Only did he find Gold As promised but he now owns a whole Damn Gold mine. When Wynnes company san Gold corp. Pours its first 12-ounce Gold Brick Here on aug. 23, there May Well be a collective standing ovation from Manitoba a mining Industry for the Well liked Miner. There should be one says Gary Ostry provincial manager of minerals policy. After All How often does a Guy go from staking a piece of property and drilling the exploration holes to actually owning a mine and pouring the Gold Virtu ally never. Its a great Story Ostry said. Wynne did to Stop at just discovering a Gold Deposit. He then engineered the Purchase of the Bissett Gold mine from Harmony Gold the worlds fifth largest Gold producer which had closed the mine in 2001. It was a stroke of guts and Genius. Gold prices were at $250-$300 an ounce Well below the mines break even Mark. Harmony put the mine up for Sale in 2002. Wynne a local exploration drilling contractor frantically began trying to raise capital to buy the mine through his Small publicly traded company san Gold. But no one wanted to lend Money to a Penny Stock. By now Wynne had partnered with geologist Dale Ginn a Dominion City native who a been Harmony Canadas Gener Al manager. A Swiss Gold fund finally gave them a Bridge loan but at onerous terms. Wynne and Ginn their names rhyme but Ginn is pronounced with a hard a bought the mine at a fire Sale Price of $4 million in Stock and $3.6 Mil lion in Cash. San Gold immediately set to out to reopen the Gold mine. That seemed As stupid As buying the mine. But As Wynne explained it takes two or More years to open a mine like the one in Bissett. If you wait and make your decision when Gold prices Are High by the time you get into he trailed off slicing his hand downward like a Guillotine Blade. Continued please see Gold b4 ;