Gold prices fuel exploration. (Around the North).Climbing gold prices have fueled increased activity in the Red Lake mining camp. Metalcorp Ltd. has acquired 4,320 acres of land near Balmertown, while Fronteer Development Group has acquired an additional 8,400 acres of property near Dixie Dixie popular name for Southern states in U.S. and for song. [Am. Hist.: EB, III: 587] See : Southern States Lake. Fronteer already has 58,000 acres of mining claims in the area. The Red Lake area has been labeled one of the hottest areas in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. at present. Metalcorp is planning to conduct geophysical surveys Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. on its Black Bear property this spring. An extensive diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program will follow. |
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