Canadian Mining Journal


Golden Ridge makes discovery in Golden Triangle

Larry Nagy has covered a lot of ground since graduating with a degree in geological sciences from the University of Saskatchewan in 1966.

As a director of Delaware Resources he was responsible for Delaware’s acquisition and development of the Snip property, a gold project in B.C. that he originally identified for re-staking in his earlier career at Cominco. He also served as a director of Calpine Resources, the company that optioned the Eskay Creek gold property and subsequently discovered one of the largest and richest gold-silver deposits in North America.

While president and CEO of Oliver Gold, Nagy led the team that discovered the Segala gold deposits in Mali and the Ipanema gold deposit in Zimbabwe. He was also president and CEO of Solomon Resources at the time that it discovered, together with Channel Resources, the Bombore gold deposits in Burkina Faso.

Two years ago, Nagy’s private company, now listed as Golden Ridge Resources(TSXV: GLDN), optioned the Hank property, 140 km north of Stewart in B.C.’s Golden Triangle from Barrick Gold (TSX: ABX; NYSE: ABX).

Continue reading at The Northern Miner.