Recent news from several mining and exploration companies clearly demonstrates that the search for new gold has ramped up in the Rice lake Greenstone Belt of Manitoba. Over the last few weeks there have been news releases of new gold discoveries, joint venture exploration projects, diamond drilling projects, mining claim acquisitions and new exploration work taking place throughout the region. At least six different companies have made recent press releases all of which contain exciting news of rejuvenated gold exploration.
The Rice lake region of Southeast Manitoba is an old gold mining camp that has sprung new life. Starting from the original discoveries in the early 1900’s and leading up to the new high grade discoveries being made today, history will show the region to be an important source of gold.
Today’s new Manitoba Gold Rush was triggered when San Gold Corp, a junior exploration and mining company based in Manitoba, reopened the historic San Antonio mine and discovered and put into production two other new mines. The company has had remarkable success at discovering new high grade gold deposits, virtually on the door step of their mine and milling complex, now called the Rice lake mine. Their exploration achievements are many, including discovery of the near surface high grade Hinge Zone and related deposits and rich new ore zones in the historic mine.
San Gold Corp, Strike point Gold, WildCat Exploration, Cougar Minerals, EagleRidge Minerals and Bison Gold have all made recent press releases concerning exploration activities within the region.
With this type of activity the rush appears to be well underway, proving once again that innovative thinking combined with modern tools can help unlock the hidden riches in historic gold camps. Results from the Rice Lake Belt today, closely parallel those obtained during the revitalization of the Red Lake Ontario region that occurred not so long ago. Red lake is home to one of the World’s richest gold mines, the Red lake mine owned by Goldcorp.
Websites of companies active in the Rice lake area with recent press releases.
San Gold Corp
Bison Gold Inc
Cougar Minerals Corp
EagleRidge Minerals Ltd
Wildcat Exploration Ltd
Strike Point Gold Inc.
There are numerous other companies and private individuals actively exploring the region. To all a great good well done!
Lets go out and prospect - Happy Rock Hounding!
Showing posts with label gold rush. Show all posts
Showing posts with label gold rush. Show all posts
Saturday, September 19, 2009
Wednesday, August 26, 2009
Prospecting Creates new Klondike Gold Rush
I just had the opportunity to read a story in the Globe and Mail concerning new gold discoveries made in the Klondike. It seems that gold prospecting may have finally located at least one of the elusive mother lodes that thousands of fortune hunters and would be prospectors searched for over 100 years ago.
I think this shows that prospecting is a very useful profession and it can be rewarding, but it takes time to do it right!
Here are some parts of the full story.
"We've finally found the first one that actually shows enough gold in one spot to say, 'Ahh, this is the type of deposit that could have produced the Klondike,' " said Shawn Ryan of Dawson, Yukon.
Mr. Ryan has combined 10 years of old-fashioned bushwhacking with the latest high-tech data gathering to find a gold belt nine kilometres long. The prospector's find is in the so-called White Gold area, south of Dawson, near where the White and Yukon rivers meet.
The area isn't new to gold seekers. In the late 1890s, it was part of the Klondike Gold Rush, which saw tens of thousands of hopeful "cheechakos," or newcomers, flood into the Yukon hoping to pan and sluice their way to riches.
Dawson swelled to 30,000 as creeks and gravel bars yielded millions of dollars of gold. Much of it was spent in bars such as Diamond-Tooth Gertie's, which provided Mr. Service with rich material for his oft-quoted odes such as The Cremation of Sam McGee.
The sources of that gold were never found. But Maurice Colpron of the Yukon Geological Survey says the White Gold find could be one of them
"The motherlode is still out there and that's the hype around the White Gold area."
Plenty of miners seem to think so. There are at least 29 junior mining companies active in the area. About 7,900 claims have been staked since late 2006.
Mineral exploration spending in the Yukon has risen from $7-million in 2002 to over $100-million in 2007 and 2008. Even in recessionary 2009, government figures suggest mining companies will spend up to $60-million.
Early drilling results explain the rush. Many operating mines exploit deposits that yield one gram of gold per tonne of ore. White Gold-area miners report 100-metre stretches of claim that yield three or four times that.
One company says a small section of its claim contains 410 grams of gold a tonne.
"People are really starting to realize this is a great place to explore," said Susan Craig, director of the Yukon Chamber of Mines and president of Northern Freegold Resources, one of the region's main players.
Link to Globe and Mail Story
As Been Webber the author of the article says " Somewhere, the ghost of Robert W. Service is smiling."
Let us keep on prospecting! Have a great and rewarding day.
I think this shows that prospecting is a very useful profession and it can be rewarding, but it takes time to do it right!
Here are some parts of the full story.
"We've finally found the first one that actually shows enough gold in one spot to say, 'Ahh, this is the type of deposit that could have produced the Klondike,' " said Shawn Ryan of Dawson, Yukon.
Mr. Ryan has combined 10 years of old-fashioned bushwhacking with the latest high-tech data gathering to find a gold belt nine kilometres long. The prospector's find is in the so-called White Gold area, south of Dawson, near where the White and Yukon rivers meet.
The area isn't new to gold seekers. In the late 1890s, it was part of the Klondike Gold Rush, which saw tens of thousands of hopeful "cheechakos," or newcomers, flood into the Yukon hoping to pan and sluice their way to riches.
Dawson swelled to 30,000 as creeks and gravel bars yielded millions of dollars of gold. Much of it was spent in bars such as Diamond-Tooth Gertie's, which provided Mr. Service with rich material for his oft-quoted odes such as The Cremation of Sam McGee.
The sources of that gold were never found. But Maurice Colpron of the Yukon Geological Survey says the White Gold find could be one of them
"The motherlode is still out there and that's the hype around the White Gold area."
Plenty of miners seem to think so. There are at least 29 junior mining companies active in the area. About 7,900 claims have been staked since late 2006.
Mineral exploration spending in the Yukon has risen from $7-million in 2002 to over $100-million in 2007 and 2008. Even in recessionary 2009, government figures suggest mining companies will spend up to $60-million.
Early drilling results explain the rush. Many operating mines exploit deposits that yield one gram of gold per tonne of ore. White Gold-area miners report 100-metre stretches of claim that yield three or four times that.
One company says a small section of its claim contains 410 grams of gold a tonne.
"People are really starting to realize this is a great place to explore," said Susan Craig, director of the Yukon Chamber of Mines and president of Northern Freegold Resources, one of the region's main players.
Link to Globe and Mail Story
As Been Webber the author of the article says " Somewhere, the ghost of Robert W. Service is smiling."
Let us keep on prospecting! Have a great and rewarding day.
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