Gold driving region's exploration.The rocks that underlie the region around Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships. are something of a geologist's playground and it is a region that has experienced a resurgence of interest by senior and junior mining companies, geologists say. "Gold still accounts for three-quarters of the active projects in this region," says Thunder Bay North Ministry of Northern Development and Mines resident geologist Mark Smyk. "About a quarter of the projects are related to copper, nickel and platinum group The platinum group (alternatively, the platinum group metals or platinum metals) is a collective name sometimes used for six metallic elements clustered together in the periodic table. elements, while a very small proportion are base metals and we've had one active diamond program up in the far north." Gold exploration accounts for more than 50 per cent of the exploration programs in the Thunder Bay south district, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bob Schnieders, MNDM MNDM Ministry of Northern Development and Mines (Ontario) resident geologist for the south region. Schnieders points out Hemlo mine is expected to expand in the coming year. Last year, Hemlo produced over 800,000 ounces of gold, and expansion of its Williams pit is expected to extend gold production there until 2012. "One of the areas we are going to see some exploration is the Larose property," he says. "It's being worked by Freewest Resources Canada Inc. It's a new gold occurrence in the Moss Township area, found in rocks that were sedimentary rocks (Geol.) See See also: Sedimentary not thought of as high yield potential. They have gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. along a two-kilometre strike length." Smyk notes past producers are seeing some renewed activity in the quest for gold. One of them is along the Pickle Lake Metcalfe Property owned by Metalcorp, and activity in the Fort Hope area. [ILLUSTRATION OMITTED] "Both of those are playing on the discoveries of the Red Lake camp because the same package of rock extends to the east from Red Lake," says Smyk. Musselwhite Mine has also been the site of a considerable amount of work by owners Placer Dome and Kinross Gold, he says. That includes about 17,000 hectares of patents, leases and staked claims around the mine. "The trend we see is a lot of these more remote areas being picked up as well," says Smyk. "These small, remote Greenstone belts are getting a lot of attention." Schnieders says the $3.5 million Lake Nipigon Region Geoscience ge·o·sci·ence n. Any one of the sciences, such as geology or geochemistry, that deals with the earth. ge Initiative, covering 22,000 square kilometres of land around Lake Nipigon is preparing to release new data. The survey will help companies exploring the region target new opportunities as well as give geologists like himself a better understanding of the unique and varied geology of the area. "It's one of the best places in the world," he says. "It has such a variety of rock types, a variety of age of rock types and a variety of mineral deposits. We've got gold, base metal, there's people looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. diamonds. It's a great place. I went to Lakehead University and did my honours Bachelor and Masters degrees in geology. This region is one of the best natural laboratories around here." By ANDREW WAREING Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. |
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