Since 1926, the red lake mining sector has dominated the region’s industrial and physical landscape. Red lake is one of Canada’s best gold mines compared to the other 29 gold mines. Red Lake’s Mining story delves into the city’s rich mining history, as well as the people and stories that have continued to make it into what it is today. Explore the topics below to learn more about what’s going on. Trillium Gold is a successful gold mining company that focuses on the exploration, acquisition, and development of the Red Lake Mining District of Northern Ontario.
Some audio excerpts and movies address the issues on a more personal level throughout the exhibit. The Red Lake Regional Heritage Centre would like to express its gratitude to all individuals and businesses who contribute to the physical and online shows. Without the help and engagement of the community,
Gold Exploration In The Red Lake District Of Canada
In Toronto, west red lake Gold mines inc. concentrates on gold exploration and development in Northwestern Ontario. The Red Lake Gold District is home to some of the world’s richest gold reserves, with high-grade zones producing 30 million oz of gold. Trillium Gold (CVE TGM) also has assembled the largest prospective land package in and around the Red Lake Mining District.
The Company’s site is 15 kilometers west of Evolution Mining’s Red Lake Mine Complex, including three mines and two mills. West Red Lake Gold Mines has put together a 3100-hectare area with a 12 km strike length and three inactive gold mines. When Evolution did buy the Red Lake Complex from Newmont in November 2019, it planned to spend $100 million on current activities and $50 million on exploration.
The business decides to invest between $160 million and $175 million between 2022 and 2024 to create a surface decline at the Red Lake mine’s Upper Campbell area that can reach two new mining fronts in preparation for tapping into a new gold system. Approximately the next three years, the business is researching to advance capacity at the Campbell mill to over 1.5 million tonnes per year. The improvement is likely to cost between $30 and $40 million. The tailings storage facilities at Red Lake are also being rebuilt and merged, which will cost money.
West Red Lake Gold Mines Inc.
The discovery of gold mineralization inside the suitable hydrothermal alteration system that hosts the Rowan deposit 500 meters below the current resource estimate is very positive for future exploration to expand the resource at depth. West Red Lake Gold Mines Inc. has undertaken a deep diamond drill hole to investigate the extension of the Rowan porphyry copper to a depth of around 500 meters below the current resource and earlier exploration drilling.
At a depth of 1,122 meters, or around 1,050 meters below the surface, the 1,272-meter drill intersected the alteration mafic volcanic that holds the Rowan deposit. Carbonate altered feldspar porphyry within 6-meter sericite, hosted by volcanic sequence. The company has built a considerable property position in west Red Lake, including three former gold mines, and spans 3,100 hectares.
The company owns 100% of the Mount Jamie and Red Summit Mine properties, while Red Lake Gold Mines, a partnership between Goldcorp Inc. and Goldcorp Canada Ltd., holds 60% of the Rowan Mine site. The West Red Lake Project has a strike length of 12 kilometers along the Process or activity Bay St Paul Deformation Zone, and the company intends to continue exploring it.