mineral development activity
DESCRIPTION
Mineral Development Activity . Northwest Ontario April 2011. Apr 2001 - $270 . Apr 2011 - $1500 . Dec 2008 - $180 . Apr 2011 - $750 . Dec 2008 - $1.30 . Apr 2011 - $4.30 . Dec 2008 - $5.00 . Apr 2011 - $12.00 . Red Lake Mine - Gold. Goldcorp Inc. – operating - PowerPoint PPT PresentationTRANSCRIPT
Ministry of Northern Development, Mines and ForestryMinistry of Northern Development, Mines and Forestry
Mineral Development Mineral Development Activity Activity
Northwest OntarioNorthwest OntarioApril 2011April 2011
Apr 2001 - $270 Apr 2011 - $1500 Dec 2008 - $180 Apr 2011 - $750
Dec 2008 - $1.30 Apr 2011 - $4.30 Dec 2008 - $5.00 Apr 2011 - $12.00
Red Lake MineRed Lake Mine- Gold- Gold
Goldcorp Inc. – operatingGoldcorp Inc. – operating Located in Balmertown, Located in Balmertown,
Municipality of Red LakeMunicipality of Red Lake Campbell and Red Lake mine Campbell and Red Lake mine
complexescomplexes Since 1935 Red Lake Camp has Since 1935 Red Lake Camp has
produced – 26 million oz of goldproduced – 26 million oz of gold Goldcorp & Lac Seul FN forming Goldcorp & Lac Seul FN forming
an Environmental Monitoring an Environmental Monitoring CommitteeCommittee
Cochenour ProjectCochenour Project - Gold- Gold
Goldcorp Inc. – past-producerGoldcorp Inc. – past-producer Located in the town of Located in the town of
CochenourCochenour De-watering shaft to access De-watering shaft to access
Bruce Channel depositsBruce Channel deposits
Phoenix ProjectPhoenix Project - Gold- Gold
Rubicon Minerals Corp. – Rubicon Minerals Corp. – historic sitehistoric site
Located approx. 5 km NE of Located approx. 5 km NE of CochenourCochenour
Underground infrastructure Underground infrastructure constructed in the 1950’s constructed in the 1950’s and upgraded in the 1980’sand upgraded in the 1980’s
Adv. Exploration in 2009, Adv. Exploration in 2009, underground development underground development and drilling underwayand drilling underway
Anticipate submission of Anticipate submission of production Closure Plan production Closure Plan
Musselwhite MineMusselwhite Mine- Gold- Gold
Goldcorp Inc.Goldcorp Inc. Located ~130 km N of Pickle LakeLocated ~130 km N of Pickle Lake Expansion – new shaft, tailings changes, Expansion – new shaft, tailings changes,
hydro requirementshydro requirements
Rainy River Resources Rainy River Resources ~50 km NW of Fort ~50 km NW of Fort
FrancesFrances Underground advanced Underground advanced
exploration projectexploration project MoU signed with Fort MoU signed with Fort
Frances Chiefs Frances Chiefs Secretariat, May 2010, Secretariat, May 2010, IBA discussions continuingIBA discussions continuing
AE program deferredAE program deferred
Rainy River ProjectRainy River Project - Gold- Gold
Hammond Reef ProjectHammond Reef Project – Gold– Gold
Osisko Mining Inc.Osisko Mining Inc.– – scoping, Env. scoping, Env. AssessmentAssessment
Located ~23 km N Located ~23 km N of Atikokanof Atikokan
8 FNs signed MoU 8 FNs signed MoU in Sept 2009 with in Sept 2009 with former proponent, former proponent, Brett ResourcesBrett Resources
Steep Rock LakeSteep Rock Lake – Iron – Iron
Bending Lake Iron GroupBending Lake Iron Group environmental baseline environmental baseline
studies, land tenurestudies, land tenure Mine Life >35 yearsMine Life >35 years Employment of 300 direct, Employment of 300 direct,
700 construction700 construction Steep Rock-withdrawn from Steep Rock-withdrawn from
staking, Bending-60 patented staking, Bending-60 patented mining claimsmining claims
Located ~7 km N and ~75 km Located ~7 km N and ~75 km NW of AtikokanNW of Atikokan
Will produce merchant pig Will produce merchant pig ironiron
David Bell MineDavid Bell Mine - Gold- Gold
Barrick Gold Inc. – Barrick Gold Inc. – productionproduction
Located approx. 35 km Located approx. 35 km east of Marathoneast of Marathon
CPAs filed Dec 2009 and CPAs filed Dec 2009 and Apr 2010Apr 2010
Closure set for Q3 2014, Closure set for Q3 2014, purchase of Golden Giant purchase of Golden Giant leases extended the leases extended the mine life by 2 yearsmine life by 2 years
Golden Giant MineGolden Giant Mine - Gold- Gold
Newmont Canada Inc.Newmont Canada Inc. Located ~35 km east of MarathonLocated ~35 km east of Marathon production ceased 2006, sold leases to production ceased 2006, sold leases to
Barrick, retain tailings and water treatmentBarrick, retain tailings and water treatment
2005 2020
Williams MineWilliams Mine - Gold- Gold
Barrick Gold Inc. Barrick Gold Inc. Located ~35 km E of Located ~35 km E of
MarathonMarathon CPA submitted Q3 of CPA submitted Q3 of
2010, pit expansion 2010, pit expansion to extend mine life to extend mine life from 2015 to 2026from 2015 to 2026
Agreements in place Agreements in place with Pic River FN & with Pic River FN & Pic Mobert FNPic Mobert FN
Marathon ProjectMarathon Project– Copper, Palladium,– Copper, Palladium,Platinum, Gold, SilverPlatinum, Gold, Silver
Stillwater Canada Inc. Stillwater Canada Inc. – – env. assessment env. assessment
Located ~10 km N of Located ~10 km N of MarathonMarathon
6 aboriginal groups6 aboriginal groups 6 environmental 6 environmental
groupsgroups Employment: 300 Employment: 300
direct, 600 direct, 600 constructionconstruction
Hardrock ProjectHardrock Project- Gold- Gold
Premier Gold Mines Premier Gold Mines Limited Limited – – advanced explorationadvanced exploration
Located approx. 4 km S Located approx. 4 km S of Geraldton of Geraldton
Permits expected Q2 of Permits expected Q2 of 2011 re u/g exploration2011 re u/g exploration
Long Lake 58 FN, Long Lake 58 FN, Ginoogaming FN, MétisGinoogaming FN, Métis
Lac des Iles MineLac des Iles Mine – Palladium, Copper, Nickel,– Palladium, Copper, Nickel, Gold Gold
North American Palladium Limited North American Palladium Limited – – restarted in April 2010, underground restarted in April 2010, underground expansion underwayexpansion underway
Located ~90 km NLocated ~90 km N of Thunder Bayof Thunder Bay
Black Thor ProjectBlack Thor Project – – ChromiumChromium
Cliffs Natural ResourcesCliffs Natural Resources Investment projected to Investment projected to
be $3-5 billionbe $3-5 billion Mine life >50 yearsMine life >50 years 800 direct jobs, 2200 800 direct jobs, 2200
constructionconstruction Environmental baseline Environmental baseline
work initiated work initiated Located ~125 km NE of Located ~125 km NE of
Marten FallsMarten Falls Potential to be largest Potential to be largest
mineral development in mineral development in ON in many decadesON in many decades
Eagle’s Nest ProjectEagle’s Nest ProjectNickel, Copper, Platinum, Nickel, Copper, Platinum, PalladiumPalladium
Noront Resources Ltd.Noront Resources Ltd. Mine Life: >10 yearsMine Life: >10 years Environmental baseline workEnvironmental baseline work Proposed concentrator near Proposed concentrator near
Webequie with road link to Webequie with road link to Pickle Lake area i.e. SWPickle Lake area i.e. SW
Mining ~ 1 M t/yearMining ~ 1 M t/year Intersection of mine Intersection of mine
development anddevelopment and Far North ActFar North Act
Upcoming ProjectsUpcoming Projects1.1. Big Daddy (Cr) – Big Daddy (Cr) – KWG KWG
ResourcesResources2.2. Werner Lake (Co) – Werner Lake (Co) – Puget Puget
VenturesVentures3.3. Fish Island (Fe) – Fish Island (Fe) – RockexRockex 4.4. Thunder Bay North (PGE) – Thunder Bay North (PGE) –
Magma MetalsMagma Metals5.5. Kenbridge (Cu) – Kenbridge (Cu) – Canadian Canadian
ArrowArrow6.6. Griffith (Fe) – Griffith (Fe) – Northern IronNorthern Iron7.7. Sturgeon River (Au) – Sturgeon River (Au) – LaurionLaurion8.8. Cameron Lake (Au) – Cameron Lake (Au) – CoventryCoventry9.9. Madsen Mine (Au) – Madsen Mine (Au) – ClaudeClaude10.10. Pickle Crow (Au) – Pickle Crow (Au) – PC GoldPC Gold11.11. Thierry Project (Cu) – Thierry Project (Cu) – CadillacCadillac 12.12. Goliath Project (Au) – Goliath Project (Au) – TreasuryTreasury
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MNDMF ContactsMNDMF Contacts
Mineral Development Office:Mineral Development Office: Mike Grant ……… 807-475-1746Mike Grant ……… 807-475-1746 Mark O’Brien …… 807-475-1106Mark O’Brien …… 807-475-1106 Peter Hinz ……..… 807-475-1368Peter Hinz ……..… 807-475-1368
Resident Geologist ProgramResident Geologist Program John Mason ……… 807-475-1331John Mason ……… 807-475-1331