Nipigon basin hot spot for exploration. (Mining).Junior mineral exploration companies in the northwest are gearing up for a summer of intense activity in the Nipigon basin. There are 15 companies operating on more than 35 properties, with most 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. copper-nickel, platinum-group element minerals (PGEs). Two recent developments have sparked the interest of mineral explorers in the basin. Platinum prices reached new heights, before moderating, and the Ontario Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information. A geological survey (OGS OGS Office of General Services (New York State) OGS Office of Graduate Studies OGS Ontario Genealogical Society OGS Ontario Graduate Scholarship OGS Ohio Genealogical Society ) unearthed Unearthed is the name of a Triple J project to find and "dig up" (hence the name) hidden talent in regional Australia. Unearthed has had three incarnations - they first visited each region of Australia where Triple J had a transmitter - 41 regions in all. a number of "extremely active PGE PGE Pacific Gas and Electric Company PGE Portland General Electric PGE Prostaglandin E PGE Platinum Group Elements PGE Pacific Great Eastern (Railroad) PGE Phenyl Glycidyl Ether PGE Perfect Girl Evolution hot spots hot spots acute moist dermatitis. ." In March the former mines minister, Dan Newman Dan Newman (born January 16, 1963 in Toronto, Ontario) is a politician in Ontario, Canada. He was a Progressive Conservative member of the Legislative Assembly of Ontario from 1995 to 2003, and was a cabinet minister in the governments of Mike Harris and Ernie Eves. , said "staking and exploration activity for PGE minerals in Ontario are now at the highest levels ever recorded..." Activity in the Lake Nipigon area topped the list, followed by Lac des Iles west of Lake Nipigon, East Bull Lake, Agnew Lake, and Seymour Lake, north of the Nipigon basin. Robert Middleton has been exploring in the Nipigon basin for years in search of a Noril sk-type mother lode. Middelton is exploration manager for East West Resource Corp. and is considered the basin's most vocal proponent. He is also involved with six other companies exploring the basin. Middlleton gave a technical talk on the Nipigon basin at the Northwestern Ontario Mines and Minerals Symposium in Thunder Bay, April 9 and 10. Neil Pettigrew, a project geologist with Avalon Ventures, says Middleton has developed "a model for the Nipigon basin that could host a Noril sk type deposit. His model is now widely accepted in the industry," Pettigrew says. The Noril sk deposit is located in Siberia and is the world's richest nickel ore body. The deposit at Sudbury is larger, but not as rich. "Our mission is to wake up the sleeping giant," Middleton says. Pettigrew says the Nipigon Plate is an "interrupted third failed arm of a proterozoic arm that is one billion years old." He says rock types and sulphides being found in the Nipigon Basin show similarities to a Noril sk deposit. Avalon Ventures has three properties it is exploring in the basin, two of which are joint ventures. "It's geologically similar to the giant Noril sk nickel deposit and it (the basin) has tremendous potential," says Don Bubar, president of the company. Falconbridge Ltd. and Inco Ltd. have conducted mineral exploration in the Nipigon basin in the past, but were not successful. The Northern Ontario Heritage Fund The Northern Ontario Heritage Fund is a division of the Ministry of Northern Development and Mines in the Canadian province of Ontario, whose purpose is to provide funding and program support to foster economic development in the economically disadvantaged Northern Ontario region. has confidence in the basin's potential. A $3.5-million project has been announced by the fund to map areas with mineral potential and produce a Web site. Partners in the mapping project include the Ontario Prospectors Association (OPA OPA: see Office of Price Administration. ) and Lakehead University in Thunder Bay. Companies working in the area have agreed to assist with the mapping project, bringing the value of the project closer to $7 million, says Garry Clark, OPA president. Clark says the OPA is looking for a program director to work on the project under contract until March 2003. He says geophysical contractors will be hired and the data retrieved will be compiled and published. |
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