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Ministry of Northern Development, Mines and Forestry Mineral Development Activity Northwest Ontario April 2011.

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Presentation on theme: "Ministry of Northern Development, Mines and Forestry Mineral Development Activity Northwest Ontario April 2011."— Presentation transcript:

1 Ministry of Northern Development, Mines and Forestry Mineral Development Activity Northwest Ontario April 2011

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3 Apr $270Apr $1500Dec $180Apr $750 Dec $1.30Apr $4.30Dec $5.00Apr $12.00

4 Red Lake Mine - Gold Goldcorp Inc. – operating Goldcorp Inc. – operating Located in Balmertown, Municipality of Red Lake Located in Balmertown, Municipality of Red Lake Campbell and Red Lake mine complexes Campbell and Red Lake mine complexes Since 1935 Red Lake Camp has produced – 26 million oz of gold Since 1935 Red Lake Camp has produced – 26 million oz of gold Goldcorp & Lac Seul FN forming an Environmental Monitoring Committee Goldcorp & Lac Seul FN forming an Environmental Monitoring Committee

5 Cochenour Project - Gold Goldcorp Inc. – past-producer Goldcorp Inc. – past-producer Located in the town of Cochenour Located in the town of Cochenour De-watering shaft to access Bruce Channel deposits De-watering shaft to access Bruce Channel deposits

6 Phoenix Project - Gold Rubicon Minerals Corp. – historic site Rubicon Minerals Corp. – historic site Located approx. 5 km NE of Cochenour Located approx. 5 km NE of Cochenour Underground infrastructure constructed in the 1950s and upgraded in the 1980s Underground infrastructure constructed in the 1950s and upgraded in the 1980s Adv. Exploration in 2009, underground development and drilling underway Adv. Exploration in 2009, underground development and drilling underway Anticipate submission of production Closure Plan Anticipate submission of production Closure Plan

7 Musselwhite Mine - Gold Goldcorp Inc. Goldcorp Inc. Located ~130 km N of Pickle Lake Located ~130 km N of Pickle Lake Expansion – new shaft, tailings changes, hydro requirements Expansion – new shaft, tailings changes, hydro requirements

8 Rainy River Resources Rainy River Resources ~50 km NW of Fort Frances ~50 km NW of Fort Frances Underground advanced exploration project Underground advanced exploration project MoU signed with Fort Frances Chiefs Secretariat, May 2010, IBA discussions continuing MoU signed with Fort Frances Chiefs Secretariat, May 2010, IBA discussions continuing AE program deferred AE program deferred Rainy River Project - Gold

9 Hammond Reef Project – Gold Osisko Mining Inc. Osisko Mining Inc. – scoping, Env. Assessment Located ~23 km N of Atikokan Located ~23 km N of Atikokan 8 FNs signed MoU in Sept 2009 with former proponent, Brett Resources 8 FNs signed MoU in Sept 2009 with former proponent, Brett Resources

10 Steep Rock Lake – Iron Bending Lake Iron Group Bending Lake Iron Group environmental baseline studies, land tenure environmental baseline studies, land tenure Mine Life >35 years Mine Life >35 years Employment of 300 direct, 700 construction Employment of 300 direct, 700 construction Steep Rock-withdrawn from staking, Bending-60 patented mining claims Steep Rock-withdrawn from staking, Bending-60 patented mining claims Located ~7 km N and ~75 km NW of Atikokan Located ~7 km N and ~75 km NW of Atikokan Will produce merchant pig iron Will produce merchant pig iron

11 David Bell Mine - Gold Barrick Gold Inc. – production Barrick Gold Inc. – production Located approx. 35 km east of Marathon Located approx. 35 km east of Marathon CPAs filed Dec 2009 and Apr 2010 CPAs filed Dec 2009 and Apr 2010 Closure set for Q3 2014, purchase of Golden Giant leases extended the mine life by 2 years Closure set for Q3 2014, purchase of Golden Giant leases extended the mine life by 2 years

12 Golden Giant Mine - Gold Newmont Canada Inc. Newmont Canada Inc. Located ~35 km east of Marathon Located ~35 km east of Marathon production ceased 2006, sold leases to Barrick, retain tailings and water treatment production ceased 2006, sold leases to Barrick, retain tailings and water treatment

13 Williams Mine - Gold Barrick Gold Inc. Barrick Gold Inc. Located ~35 km E of Marathon Located ~35 km E of Marathon CPA submitted Q3 of 2010, pit expansion to extend mine life from 2015 to 2026 CPA submitted Q3 of 2010, pit expansion to extend mine life from 2015 to 2026 Agreements in place with Pic River FN & Pic Mobert FN Agreements in place with Pic River FN & Pic Mobert FN

14 Marathon Project – Copper, Palladium, Platinum, Gold, Silver Stillwater Canada Inc. Stillwater Canada Inc. – env. assessment Located ~10 km N of Marathon Located ~10 km N of Marathon 6 aboriginal groups 6 aboriginal groups 6 environmental groups 6 environmental groups Employment: 300 direct, 600 construction Employment: 300 direct, 600 construction

15 Hardrock Project - Gold Premier Gold Mines Limited Premier Gold Mines Limited – advanced exploration Located approx. 4 km S of Geraldton Located approx. 4 km S of Geraldton Permits expected Q2 of 2011 re u/g exploration Permits expected Q2 of 2011 re u/g exploration Long Lake 58 FN, Ginoogaming FN, Métis Long Lake 58 FN, Ginoogaming FN, Métis

16 Lac des Iles Mine – Palladium, Copper, Nickel, Gold North American Palladium Limited North American Palladium Limited – restarted in April 2010, underground expansion underway Located ~90 km N Located ~90 km N of Thunder Bay of Thunder Bay

17 Black Thor Project – Chromium Cliffs Natural Resources Cliffs Natural Resources Investment projected to be $3-5 billion Investment projected to be $3-5 billion Mine life >50 years Mine life >50 years 800 direct jobs, 2200 construction 800 direct jobs, 2200 construction Environmental baseline work initiated Environmental baseline work initiated Located ~125 km NE of Marten Falls Located ~125 km NE of Marten Falls Potential to be largest mineral development in ON in many decades Potential to be largest mineral development in ON in many decades

18 Eagles Nest Project Nickel, Copper, Platinum, Palladium Noront Resources Ltd. Noront Resources Ltd. Mine Life: >10 years Mine Life: >10 years Environmental baseline work Environmental baseline work Proposed concentrator near Webequie with road link to Pickle Lake area i.e. SW Proposed concentrator near Webequie with road link to Pickle Lake area i.e. SW Mining ~ 1 M t/year Mining ~ 1 M t/year Intersection of mine development and Intersection of mine development and Far North Act Far North Act

19 Upcoming Projects 1. Big Daddy (Cr) – KWG Resources 2. Werner Lake (Co) – Puget Ventures 3. Fish Island (Fe) – Rockex 4. Thunder Bay North (PGE) – Magma Metals 5. Kenbridge (Cu) – Canadian Arrow 6. Griffith (Fe) – Northern Iron 7. Sturgeon River (Au) – Laurion 8. Cameron Lake (Au) – Coventry 9. Madsen Mine (Au) – Claude 10. Pickle Crow (Au) – PC Gold 11. Thierry Project (Cu) – Cadillac 12. Goliath Project (Au) – Treasury

20 MNDMF Contacts Mineral Development Office: Mike Grant ……… Mike Grant ……… Mark OBrien …… Mark OBrien …… Peter Hinz ……..… Peter Hinz ……..… Resident Geologist Program John Mason ……… John Mason ………


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