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Greenstone exploration news releases

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Ring of Fire exploration news releases

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Greenstone and mining

Mining in Greenstone in the past 80 years with over a dozen working mines (gold) within the past 80 years. The last of which closed in the late 1960’s. In recent years mining exploration companies have refocused on the area and it is being extensively explored for gold, base metals and rare earth metals today.

The Greenstone region of Northwestern Ontario is located approximately 225 km northeast of Thunderbay Ontario. It is the closest major town to the world class chromite deposits of the “Ring of Fire” exploration area which is located 300km north of Geraldton, the largest town in Greenstone.

 

Ontario court ruling opens up potential road access to ‘Ring of Fire’ mineral belt

Ontario court ruling opens up potential road access to ‘Ring of Fire’ mineral belt

TORONTO – The planned development of Northern Ontario’s “Ring of Fire” mineral belt got a potential boost on Wednesday when an appeals court ruled that a small junior mining firm should not have exclusive access to a transportation corridor. The decision opens the door to construction of a north-south road to the Ring, which is thought…

Cliffs wins appeal over land easement with KWG

On July 30, 2014 an Ontario divisional court ruled on the June 16-17 appeal by Cliffs after the Ontario Mining and Lands commissioner denied Cliffs an easement for a road to reach its Ring of Fire chromite deposit(s) as the proposed rout would be over claims currently being held by KWG resources.

KWG has previously staked and held claims from Nakina North to the Ring of fire along a natural esker system which is the best and easiest route for making a north-south road to/from the Ring of Fire.

Cliffs contended that KWG is holding the companies in the Ring of Fire hostage by blocking that critical route. Cliffs has halted activity in the Ring of Fire after it launched the appeal last October.

The decision allowed the appeal and as such has set aside the Mining Lands Commissioners decision in September and granted the original application for an easement over the KWG claims. This ruling only allows for the application to proceed and in the end KWG will need to negotiate the conditions of the easement over its claims, but cannot with-hold consent. Basically a mining claim allows the claim owner to explore for minerals, however does not allow them to use the surface rights on those claims to block others from utilizing the surface rights for legitimate uses.

 

The final decision on allowing the easement is in the hands will be up to the Natural Resources Minister (Bill Mauro).

The ruling stated:

”Whether or not it is in the public interest to grant an easement for a road is a matter for the Minister of Natural Resources to determine, after an environmental assessment and consultation with First Nations and other affected interests. It is for the Minister to determine whether the easement should be granted in the public interest and on what terms. CCC (KWG) will be able to participate in that process.” And elsewhere: ”I would add that the issue being decided under s.51(4) of the Mining Act does not deprive CCC (KWG) of its ability at the next stage to oppose Cliffs’ easement application or to ask for conditions that would protect its legitimate interests in its mining claims.”

 

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Claims map showing the KWG claims in relation to Nakina and the Ring of Fire

 

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Ring of Fire route in question. (Proposed rail line or all season road) Follows a natural esker and has been staked by KWG resources.

Ontario Investing in the Ring of Fire

Province Moving Forward with Support for Strategic Infrastructure

The Ontario government is prepared to commit up to $1 billion to develop strategic all-season industrial and community transportation infrastructure in the Ring of Fire.

 

Ontario needs a partner and is calling on the Federal government to equally match this funding to build the infrastructure required for this important project in the north that will create jobs and boost the northern economy.

The approach and priorities with respect to this investment will be established in partnership with First Nations, governments and industry partners through the development corporation.

The province is currently facilitating the creation of a development corporation to accelerate strategic infrastructure development in the region. The corporation will bring together key mining companies, First Nations, and the provincial and federal governments to develop, construct, finance, operate and maintain infrastructure supporting access to strategic resources in the mineral rich Ring of Fire.

The Ring of Fire represents one of the most significant mineral regions in the province, and includes the largest deposit of chromite ever discovered in North America. A multi-generational opportunity, the Ring of Fire will create thousands of jobs and enhance the economic prosperity of Ontario and Canada.

Investing in the development of the Ring of Fire is part of the government’s economic plan that is creating jobs for today and tomorrow.  The comprehensive plan and its six priorities focus on Ontario’s greatest strengths – its people and strategic partnerships.
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Sage Signs Letter of Intent to Purchase Premier Gold Northern Empire Mine, Mill, Related Properties

TORONTO, ONTARIO–(Marketwired – April 25, 2014) – Sage Gold Inc. (TSX VENTURE:SGX) (“the Company”) has executed a non-binding letter of intent with Premier Gold Mines Limited (TSX:PG) (“Premier”) to purchase the Northern Empire Mill, Mine and other exploration properties from Premier in Ontario (the “Transaction”).

Sage Gold President and CEO Nigel Lees commented: “This proposed Transaction represents a significant milestone for Sage and will place the Company in a very strong strategic position in the historic Beardmore Geraldton gold camp. On closing, Sage will double its’ land position in this camp to approximately 15,578 hectares and add historic gold resources to its portfolio. The Northern Empire mill is a key asset which when it is upgraded will enable the Company to process material from the Sage Lynx copper, gold and silver property as well as gold and other minerals from existing properties and future properties. We are also pleased that Premier, the dominant resource company in the camp, will become a significant shareholder. The Transaction is subject to the availability of funding and the company is in discussion with financing groups to fund the acquisition and development of these properties.”
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Premier Gold Identifies Prospective Open Pit Targets Near Hardrock

PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce that it will begin exploration to test the Bankfield West and Viper target areas, two highly prospective open pit target areas along strike from the Company’s 100%-owned Hardrock Project that is host to the multi-million ounce Hardrock open pit deposit.

“Premier holds a district scale property package in the Hardrock area much of which has seen little previous exploration.” stated Stephen McGibbon, Executive Vice-President of Premier. “The Bankfield West and Viper targets represent potential within the district to discover new open pit deposits that could support further resource growth which, when considered in relation to the Hardrock Project, would represent an opportunity to leverage infrastructure and increase scale of currently contemplated operations.”

The Bankfield West target area (11 km west of Hardrock) was identified through a review of historic drill data where several holes drilled by Placer Dome in the 1990’s suggested the potential for widespread gold mineralization within a porphyry host rock unit. A drill program, which will consist of several holes designed to confirm the existence of mineralization within the porphyry will commence at the conclusion of the current confirmation program at Hardrock.
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Laurion Commences Drill Program on the Ishkoday Property

TORONTO – March 19, 2014 – Laurion Mineral Exploration Inc. (TSX.V: LME; OTCQX: LMEFF) (“Laurion”) is very pleased to announce that Northstar Drilling of Thunder Bay has commenced drilling on the Corporation’s Ishkoday Property located northeast of Beardmore, Ontario. 

The drill program will be composed of a total of 500m of diamond drilling to be completed in 2 holes. The two diamond drill holes will follow up on the diamond drill program executed in 2012 across 500 metres of stratigraphy on the northeastern extension of the “A”-zone on the Loki trend. The two holes will be proximal to diamond drill hole LBX12-010. The Corporation reported an intercept of 3.31 g/t Au, 18.1 g/t Ag, 0.09% Cu and 3.72% Zn over 12.84m, including 5.25 g/t Au, 40.1 g/t Ag, 0.29% Cu, 8.38% Zn and 1.24% Pb over 4.04m in diamond drill hole LBX12-010.(See press release October 18, 2012). The precious metal rich Volcanic Massive Sulphide (“VMS”) Loki Trend has a postulated 3,000m strike length. read more…

PDAC 2014 report from the floor

From March 2nd to 5th, The annual Prospectors and Developers association of Canada  (PDAC) held their annual convention in downtown Toronto. PDAC is the largest mining/exploration and related services convention in Canada.

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Laurion Continues to Intersect Multiple Zones of Gold, Silver, Zinc and Copper on the “A”-Zone of the Loki Trend, Ishkoday Property

TORONTO – March 14, 2014 – Laurion Mineral Exploration Inc. (TSX.V: LME; OTCQX: LMEFF) (“Laurion“) is pleased to announce the drill results of LBX14-06 and LBX14-017, the second two diamond drill holes completed in January 2014, on its Ishkoday Property located northeast of Beardmore, Ontario.

A total of 533m of diamond drilling has been completed to date. Two of the diamond drill holes (See press release, February 27, 2014), followed up on the high grade channel and grab samples on the Loki Trend which intersected 27.8g/t Au, 13.1g/t Ag and 1.21% Zn and 0.16% Cu over 1.80m in diamond drill hole LME14-031, and 0.56g/t Au, 3.11g/t Ag, 0.09% Cu and 3.17% Zn over 4.37m and 0.32g/t Au, 3.94 g/t Ag, 0.10% Cu and 1.76% Zn over 4.20m in diamond drill hole LME14-030 read more…

Laurion Intersects 27.8g/t Au, 13.1g/t Ag and 1.21% Zn and 0.16% Cu over 1.80m in a New Zone on the Ishkoday Property

TORONTO — February 27, 2014 – Laurion Mineral Exploration Inc. (TSX.V: LME; OTCQX: LMEFF) (“Laurion“) is pleased to announce the drill results of the first diamond drill holes completed in 2014 on its Ishkoday Property located northeast of Beardmore, Ontario.

The drill program was composed of a total of 533m of diamond drilling completed in 4 holes. Two diamond drill holes followed up on the high grade channel and grab samples of 15.00 g/t Au, 35.4 g/t Ag, 1.07% Zn and 0.41% Cu over 1m, 3.14 g/t Au, 23.2 g/t Ag, 2.62% Zn, 0.20% Cu and 0.15% Pb over 3m, 10.20 g/t Au, 45.5 g/t Ag, 22.30% Zn and 3.32% Pb (Grab)reported in a press release in November 2013.

Laurion will be displaying the core from hole LME14-030 at their booth 3025 at the Prospectors and Developers Association of Canada (“PDAC 2014”) Convention held in the South Building of the Metro Convention Centre, 222 Bremner Blvd, Toronto, from Sunday March 1st to Wednesday March 5th, 2014.

 
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PDAC

The Prospectors and Developers Association of Canada annual convention is the largest gathering on Mining and exploration companies in Ontario. It occurs every spring in Toronto at the Metro Toronto Trade and Convention Center (near the base of the CN Tower).

Canada Mines, as well as other companies/interests from Greenstone (Geraldton Chamber of commerce, The Times Star) will be attending this year.

We will be at booth 1152

The Ring of Fire

In addition, Greenstone lays in a strategic point along the Trans-Canada highway and the preferred proposed rail/all weather road to the “Ring of Fire” exploration/mining area. The Ring of fire is a large base metal and a potential world class chromite deposit (The first in North America) which is currently being developed in Ontario’s north.

Although much of the information and examples on this website are from the Greenstone region mining companies, mining companies all over the world are still bound by the same principals, terminology and for the most part rules.

Ring of Fire exploration news releases

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