Archive | Ontario Mining

Pickle Lake to see more gold exploration activity: Argo Gold does a deal with Denison, builds a 7,900-hectare exploration property – by Staff (Northern Ontario Business – June 15, 2020)

https://www.northernontariobusiness.com/

Argo Gold sees precious metal potential among the banded iron formations near Pickle Lake. The Toronto exploration company picked up 760 hectares of claims in a cash-and-share deal with Denison Mines, then staked some additional claims to create a land package of 7,982 hectares.

The property acquired from Denison Mines, known as the Talbot Lake Gold Project, is 60 kilometres northeast of the town of Pickle Lake.

In a June 11 news release, Argo said Talbot Lake has several unexplored iron formations containing quality gold targets and one partially-explored high grade vein-type gold deposit. Continue Reading →

Ontario Northwest open-pit mine builder pockets US $22.5-million in streaming deal – by Staff (Northern Ontario Business – June 11, 2020)

https://www.northernontariobusiness.com/

First Mining Gold signs deal with First Majestic Silver for half of Springpole’s silver production

The developers of the Springpole gold mine project in northwestern Ontario have signed a US$22.5-million silver streaming deal with a major Mexican mining interest.

First Mining Gold has an agreement with First Majestic Silver to purchase 50 per cent of the silver produced from Springpole for the 12-year life of the proposed open-pit gold and silver mine.

The project, 110 kilometres northeast of Red Lake, is now in the technical study and permitting stage. Continue Reading →

[Canadian Gold Mining/Exploration During Depression] The Trails of `34 – by Leslie McFarlane (MACLEAN’S Magazine – September 15, 1934)

https://archive.macleans.ca/

THE CARIBOO, the Yukon, the Porcupine—these fields have been the scenes of epic Canadian gold rushes. In each case the stage setting was colorful, the action dynamic. Each field had its peak year of raw drama. They were spectacular rushes, with an element of madness and frenzy. They belong to history.

And yet in sheer enormity, in point of men involved, money expended, wealth produced and in sight, not one of them could hold a candle to the great gold rush of ’34.

Men still speak of the Cariboo Trail and the Klondyke Trail. There can be no such convenient designation for the scene of this year’s great gold trek unless one refers in a general way to the ‘Trails of ’34. Because the scene is all Canada, and the trails lead to new fields and old. The effort is not concentrated upon a single area. The stage is so wide, so crowded with effects that the term “rush” may seem at first glance a misnomer. And yet from Nova Scotia to British Columbia, across the whole breadth of the Dominion, one of the greatest gold treks of all time is in full swing. Continue Reading →

Electrum fund boosts stake in Nickel Creek Platinum – by Carl A. Williams (Northern Miner – June 9, 2020)

Global mining news

The Electrum Strategic Opportunities Fund has increased its interest in Nickel Creek Platinum (TSX: NPC; US-OTC: NCPCF) to 33.88% following the closure of the second tranche of a private placement.

The mining-focussed private equity fund based in New York is part of the Electrum Group founded by billionaire Thomas Kaplan.

The fund purchased nearly 21 million units at a price of 5¢ per unit, raising $1.1 million of Nickel Creek’s total equity raise of $1.53 million. Continue Reading →

Thunder Bay: Legal experts call for halt to ‘mining as usual’ during pandemic – by Amy Hadley (CBC News Thunder Bay – June 9, 2020)

https://www.cbc.ca/news/canada/thunder-bay/

Letter to provincial minister asks government to press pause on mineral staking, permitting

A number of legal experts are calling on the provincial government to press pause on mineral staking and permitting processes on Indigenous territory in light of the COVID-19 pandemic.

In a letter addressed to Greg Rickford, the province’s minister of energy, northern development and mines, nine faculty members at York University’s Osgoode Hall Law School state that continued exploration is putting an undue burden on remote northern communities, and making it too difficult for meaningful consultation to take place.

“We didn’t think it’s lawful the way they’re proceeding with mining as usual in the context of a global pandemic,” said Dayna Scott, an associate professor at the school and in the faculty of urban and environmental change at York, and the primary author of the letter. Continue Reading →

Mistango River starts exploration at Eby-Baldwin project in Ontario – by Carl A. Williams (Northern Miner – June 8, 2020)

Global mining news

Mistango River Resources (CNSX: MIS) has developed a geological model for its 34-sq.-km Eby-Baldwin project, located 10 km west of Kirkland Lake in the historic “Mile of Gold” of the Kirkland Lake district in Ontario.

The model considers Eby-Baldwin in the broader context of the Kirkland Lake district and how the project relates to the adjacent Macassa mine owned by Kirkland Lake Gold (TSX: KL; NYSE: KL).

The company has been acquiring parcels of land in the area for some time and recently purchased two additional landholdings, the most significant of which is the 21 sq. km Teck-Kirkland property, purchased from Hinterland Metals (TSX: HMI). The acquisition in late March effectively doubled the size of the Elby-Baldwin project. Continue Reading →

How Gold Thieves Get Away With Millions – by Don Delaplante (MACLEAN”S Magazine – July 15, 1950)

https://archive.macleans.ca/

The high-grading racket has its roots deep in the rich mines of northern Canada. The payoff is sometimes in New York, or even Morocco, at the end of a trail of graft, hijacking and murder

ON JUNE 2 thieves blew the vault at the Delnite mine in Ontario’s famous Porcupine camp and carted off three newly poured gold bars worth $74,000. It was the biggest single robbery in Canadian mining history. And it was pulled off in spite of rumors of the coup which had been rampant for six weeks.

No single incident could more strikingly underline the great high-grading racket. The theft and smuggling of high-grade ore and gold cost Canadian mines more than $2 millions each year. It is bizarre, spectacular, cunning thievery marked by graft, hijacking and calculated murder. Its practitioners are masters of the double-cross; news of newly planned thefts often leaks out beforehand.

Its ramifications are international. Stolen Canadian gold usually winds up in the free world market in Paris or is sold privately in Central Europe or the Middle East at $40 an ounce. Three years ago (before Russia flooded the market) the price hit $100. Continue Reading →

Pure Gold Mining kicks off 30,000-metre drilling program in Red Lake – by Staff (Northern Ontario Business – June 5, 2020)

https://www.northernontariobusiness.com/

Pure Gold Mining hopes to add some longevity to its new Red Lake mine, currently under construction, with an extensive exploration program this year.

The Vancouver company has kicked off a more than 30,000-metre diamond drilling campaign to fill in the gaps of its mine plan, build gold reserves, and expand some new discoveries on its property.

The program of both underground and surface drilling will continue into 2021. The company recently raised more than $27 million in financing for exploration on its 47-square-kilometre holdings, southwest of the town of Red Lake. Continue Reading →

Kirkland Lake remains a gold exploration hotbed – by Staff (Northern Ontario Business – June 3, 2020)

https://www.northernontariobusiness.com/

Three gold exploration outfits working the Abitibi Greenstone Belt between Kirkland Lake and Larder Lake have drill rigs deployed this month in anticipation of more high-grade showings this summer.

Vancouver’s Gatling Exploration reported its highest grade of gold to date coming out of an ongoing exploration program at its Larder Lake Gold Project.

The company has been running an aggressive campaign since last September in establishing a mineral connection between three gold deposits on its property, 35 kilometres east of Kirkland Lake. Continue Reading →

Ontario consolidation creates district-scale project – by Mariaan Webb (MiningWeekly.com – June 4, 2020)

https://www.miningweekly.com/

Toronto-listed companies First Mining and Treasury Metals on Wednesday unveiled a deal to combine their Ontario projects, creating a district-scale, multimillion-ounce gold opportunity.

The companies will put together their adjacent Goldlund and Goliath projects in a transaction that will see advanced-stage developer Treasury acquire First Mining subsidiary Tamaka Gold. First Mining will be the largest shareholder in Treasury.

The consolidation solidifies the combined asset as one of the largest undeveloped gold assets in Canada, with a consolidated resource base of two-million ounces of gold in the measured and indicated resource categories, and 1.1-million ounces of gold in the inferred resource category. Continue Reading →

[Cobalt Silver Mining] Ghostly tales from Ontario’s past make great summer reading – by Miriam King (Orillia Matters – May 30, 2020)

https://www.orilliamatters.com/

Exploring the fascinating landscape and history of Cobalt, Ontario; It’s a fun read, perfect for a summer night

Ontario is filled with ‘ghost towns’ – towns that experienced an economic boom, grew swiftly to encompass the lives and dreams of their residents, and then experienced a decline.

Many were mining towns, abandoned when mines closed or deposits ran out. Some, like Dalton Mills and Creighton, were abandoned. Only ruins stand where there was once a thriving community.

Others still exist but as a mere shadow of their former glory, like the town of Cobalt. Located about halfway between North Bay and Timmins near Lake Temiskaming, once the “silver capital” of Canada, the town had a population of over 12,000 during the boom years. Continue Reading →

Northern link to Ring of Fire road inching along – by Grant Cameron (Daily Commercial News – May 29, 2020)

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The prospect of a road into the resource-rich Ring of Fire area in northern Ontario has been on the drawing board for 15 years, but the project appears to finally have some legs as the Conservative government is partnering with two First Nations communities to move a northern link of the project along.

“We’re working with First Nations partners to move this project forward and build legacy infrastructure that will bring economic prosperity to the region,” Energy, Northern Development and Mines Minister Greg Rickford said in a statement to Daily Commercial News.

“Our government made a commitment to open-up the incredible resources located in the Ring of Fire, and we’re keeping that promise.” He said the previous Liberal government’s approach to the project included a decade of talk, with more than $20 million invested and no shovels in the ground. Continue Reading →

OPINION: Critical mineral supply chains essential for economic development opportunities – by Don Bubar (Northern Ontario Business – May 27, 2020)

https://www.northernontariobusiness.com/

Security of critical minerals supply has now become a major concern for government in light of the COVID-19 disruption to global supply chains. A North American solution is required to reduce reliance on China as a sole source of supply of many of our critical minerals.

North America does not have the full supply chains needed for many new technologies – such as electric vehicles, energy storage, sensor and data processing applications) and pharmaceuticals – although we do have all these minerals in the ground.

Northern Ontario is blessed with resources of many of these critical minerals, often referred to as “technology metals,” including all the elements needed in lithium-ion battery technology. Continue Reading →

Red Lake gold discoverer inks exploration agreement with First Nations – by Staff (Northern Ontario Business – May 26, 2020)

https://www.northernontariobusiness.com/

Great Bear Resources establishes working relationship with Lac Seul, Wabauskang

Vancouver gold exploration player working in the Red Lake camp signed an exploration agreement with two area First Nation communities.

The agreement involving Great Bear Resources, Wabauskang First Nation and Lac Seul First Nation establishes a formal protocol of how the communities can communicate and engage with the junior mining company on the exploration activities taking place on the communities’ traditional territories.

Great Bear is running a major exploration program on one of the most coveted properties in the Red Lake mining district. Its Dixie Project, 25 kilometres south of town, covers more than 9,100 hectares of claims extending for more than 22 kilometres. In the last two years, numerous high-grade gold discoveries have been made. Continue Reading →

Junior miner dives into Thunder Bay-area platinum, palladium project: Clean Air Metals kicks off two years of exploration drilling near Lac des Iles Mine – by Staff (Northern Ontario Business – May 25, 2020)

https://www.northernontariobusiness.com/

A rechristened junior mining company is taking its first stab at exploring for platinum and palladium on a property halfway between Thunder Bay and the Lac des Iles Mine.

Clean Air Metals began its first round of drilling last week on its Thunder Bay North Project, roughly the same time the Thunder Bay company began trading for the first time on the TSX Venture Exchange.

The Thunder Bay North Project is located 60 kilometres southeast of Impala’s Lac Des Iles Mine and 40 kilometres northeast of the city. Highway 527 cuts through the western portion of the project area. Continue Reading →