Archive | Red Lake

Red Lake gold camp has a new land baron: Trillium Gold seals the deal on full ownership of high-grade gold property – by Staff (Northern Ontario Business – January 4, 2021)

https://www.northernontariobusiness.com/

Vancouver’s Trillium Gold are busy campers in the Red Lake district. The junior explorer has been a whirlwind of activity flying airborne surveys, filing for drill permits, and running drill programs on its Red Lake gold properties.

On New Year’s Eve, the company announced it closed the acquisition of the Newman Todd Project, which, according to Trillium, makes them the largest property holder in the area.

In a cash-and-share deal with Heliostar Metals, Trillium picked up the remaining 16.5 per cent ownership stake in the 198-hectare property. Continue Reading →

Pure Gold becomes Canada’s newest gold producer – by Trish Saywell (Northern Miner – December 31, 2020)

Global mining news

Pure Gold Mining (TSXV: PGM; LSE: PUR; US-OTC: LRTNF) poured its first gold in the final week of 2020 at its PureGold mine in Red Lake, Ontario and the company expects to reach commercial production by the end of the first quarter of 2021.

The company plans to provide full-year guidance for 2021 once the mine reaches commercial production.

“To build a mine at any time requires a complete team effort comprised of dedicated, driven, and focused individuals,” Darin Labrenz, Pure Gold’s president and CEO, stated in a news release. “To do so under the unique challenges of 2020 speaks to the quality and dedication of the entire team.” Continue Reading →

Rob McEwen shares investment strategies at the Global Mining Symposium – by Trish Saywell (Northern Miner – November 11, 2020)

Global mining news

The Northern Miner’s Global Mining Symposium this week featured an interview with Canadian mining entrepreneur Rob McEwen, chief owner and chairman of McEwen Mining (TSX: ; NYSE: MUX).

The legendary investor, perhaps best known for transforming Goldcorp into a global powerhouse and revitalizing the Red Lake gold mine in Ontario, shared his philosophy on everything from how to pick the right companies in which to invest to how unprecedented government spending around the world is creating the next bull market for gold.

“I am convinced that the price of gold is going much higher and owning gold bullion is the safest way for me to protect my capital and the best way to make large capital gains is investing in distressed and overlooked explorers and turnaround situations,” he told Anthony Vaccaro, the Northern Miner’s publisher, during the online conference. Continue Reading →

Evolution Mining sees vast gold potential at Red Lake – by Ian Ross (Northern Ontario Business – September 2, 2020)

https://www.northernontariobusiness.com/

Australian mine operator says new resource estimate and gold prospects should add decades of mine life

The Red Lake Mine complex has plenty more gold to be discovered, said its new Australian owners.

“We have not scratched the surface of Red Lake’s full potential,” said Evolution Mining’s chief operating officer Bob Fulker in a Sept. 1 webcast to Evolution’s investors, about recent discoveries that offer opportunity to dramatically increases production while maintaining a longer mine life.

Senior executives of the Sydney-headquartered mining company talked of the open-ended potential of the three-mine operation and the numerous exploration opportunities to grow the gold base inside their 457-square-kilometre property. Continue Reading →

Battle North Gold (Rubicon Minerals) raises $61M for mine project and exploration – by Staff (Northern Ontario Business – August 27, 2020)

https://www.northernontariobusiness.com/

A Red Lake gold mine development has received a major injection of capital.

Toronto’s Battle North Gold has raised more than $61 million to bring its Bateman Mine project and continue exploration on its extensive property in the northwestern Ontario gold district.

The company announced Aug.27 it’s closed a bought deal financing arrangement through an offering of common shares and flow-through shares to raise $61,368,950 to complete work on the mine development and to expand the gold resource on the property. Continue Reading →

With forest fire contained, Red Lake mine developers resume activity – by Staff (Northern Ontario Business – August 18, 2020)

https://www.northernontariobusiness.com/

Anglogold Ashanti increases new ownership stake in Pure Gold’s Red Lake Mine

Two Red Lake mine builders are back at work with a major forest fire near the northwestern Ontario mining camp now under control.

The Municipality of Red Lake has rescinded the community evacuation order stemming from out-of-control fires south of town.

Vancouver’s Pure Gold Mining reports it is unaffected by the temporary shutdown at its Red Lake Mine site southwest of town. Continue Reading →

Red Lake fire under control, mining activities resume – by Mariaan Webb (MiningWeekly – August 17, 2020)

https://www.miningweekly.com/

The forest fire that had been active in the area south of the town of Red Lake, Ontario, is under control and the evacuation order for the municipality has been rescinded, allowing mining activity to resume.

Gold mine developer Pure Gold, which is developing a mine near Red Lake, reported on Monday that power and access had been restored to site and it was transitioning to a full resumption of mine activities.

Surface and underground inspections also confirmed that there was no damage to infrastructure or equipment at the mine site. The company reported that temporary shutdown had no material impact on its development schedule with first gold pour expected in the fourth quarter. Continue Reading →

Red Lake District: Home to High-Grade Gold Deposits and Great Bear Resources, a Gold Rush Catalyst (The Deep Dive – July 12, 2020)

https://thedeepdive.ca/

The Red Lake mining district in Northwestern Ontario is best known for its high-grade gold deposits, with historical production exceeding 30 million ounces of gold, mostly from the iconic Campbell and Red Lake gold mines and ten smaller mines.

A number of factors such as declining gold reserves, global economic instability, and a rise in the price of gold have led to a resurgence in gold exploration. Recent new discoveries in the Red Lake district, with Great Bear Resources (TSXV: GBR) leading the pack, have led to what amounts to another gold rush.

Geology

Commonly referred to as the Campbell-Red Lake gold deposit, the Campbell and Red Lake mines are located in the Red Lake Uchi Subprovince – Superior Province Greenstone Belt, considered to be one of Canada’s largest Archean gold deposits. The bedrock in Red Lake, primarily basalt, was formed 2.85 billion years ago during the early Neoarchean period, and gold has been dated back 2.7 billion years ago during the Uchiyan Phase of the region’s formation. Continue Reading →

Red Lake mine developer kicks dirt on the past: Rubicon Minerals finalizes name change to Battle North Gold – by Staff (Northern Ontario Business – July 8, 2020)

https://www.northernontariobusiness.com/

Management and shareholders of the former Rubicon Minerals want to put a tarnished past firmly in the rear view mirror.

The Toronto mine developer announced July 7 that it has completed its corporate name change to Battle North Gold, a moniker that management believes is better reflective of its new culture of “perseverance, determination, tenacity and resilience.”

Shareholders backed the name change at the company’s June 22 annual general meeting. “This is the dawn of a new era for Battle North Gold, its shareholders and stakeholders,” said company CEO George Ogilvie in a statement. Continue Reading →

First Mining closes streaming deal on northwest mine project – by Staff (Northern Ontario Business – July 3, 2020)

https://www.northernontariobusiness.com/

Workers return to project site to resume geotechnical and environmental field work

First Mining Gold has closed a US$22.5-million silver streaming deal with First Majestic Silver to advance its Springpole open-pit gold and silver mine project in northwestern Ontario.

In a July 2 release, the Vancouver developer said most of the proceeds will be used for the project’s prefeasibility study and the ongoing environmental assessment process on the almost 42,000-hectare property.

The project, 110 kilometres northeast of Red Lake, is now in the technical study and permitting stage. At last count, the mine has a projected 12-year operating life. Continue Reading →

Argo Gold: Reviving an old Gold Mining Camp – by Judy Baker and Deio Tortosa (Ontario Prospector – Fall 2019)

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Judy Baker is President and CEO of Argo Gold and Delio Tortosa is a geological consultant.

After a 25-year lag in gold exploration in the Uchi Gold Camp, Argo Gold Inc. has been reviving exploration discovery interest in the ‘shadow of the headframe’ south of the historical Uchi Gold Mine with its high-grade Uchi Gold Project in Northwestern Ontario.

During the mid-1930s to the early 1940s, four gold mines were developed by Uchi Mines Ltd. under the direction of Jack Hammel, a well known mine developer in the Red Lake area. The gold mines are in the southeast end of the Birch-Uchi Greenstone Belt, about 100 km east of the prolific Red Lake Greenstone Belt.

Argo Gold’s Uchi Gold Project of 22 square kilometers of 100% owned claims is the highly prospective, yet relatively unexplored ground immediately south and on trend with the historical mines. Continue Reading →

Ontario’s next gold mine ‘perfectly timed’ – by Mariaan Webb (MiningWeekly.com – June 25, 2020)

https://www.miningweekly.com/

Construction of Canada’s next gold mine is rapidly advancing and is now only months away from its first gold pour.

The PureGold Red Lake mine, which dual listed Pure Gold Mining is building in the Red Lake mining district of north-western Ontario, will pour its first gold towards the tail-end of the fourth quarter.

The company is delivering its mine into a rising gold market, with the potential to benefit from a period of margin expansion “unlike any we have seen in years”, president and CEO Darin Labrenz said on Wednesday. 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 →

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 →