Red Lake: golden past, brilliant future
The Municipality of Red Lake will be exhibiting at the 2013 PDAC March 3rd – 6th in Toronto, Ontario. Be sure to visit Booth 0752!
With the value of gold hovering around $1,700 per troy ounce, Red Lake’s mineral production and exploration firms continue to work toward implementing major mine infrastructure improvement initiatives. Goldcorp Red Lake Gold Mines, Rubicon Minerals Inc., and Claude Resources Inc. are examples of mining companies investing millions of dollars in new state-of-the-art infrastructure and innovative mining techniques to realize previously unobtainable production goals.
Located in one of the world’s most prolific gold districts, Red Lake is a top producer for Goldcorp, yielding in excess of 600,000 ounces annually at low production costs. The rehabilitation of its Cochenour Willans mine site is a current example of infrastructure investment for the future.
The Cochenour project is an important part of Goldcorp’s long-term plans in the Red Lake district, and is anticipated to provide sustained, high-quality gold production beginning in late 2014.
The Cochenour/Bruce Channel deposit is located down-dip from the historic Cochenour Willans mine site. To access the resource, the existing Cochenour shaft is being widened, while at the same time a five-kilometre underground haulage drift is under construction that will allow efficient ore hauling from Cochenour to existing processing facilities at Red Lake’s Campbell milling operation. The drift also opens up “at depth” exploration of five kilometres of untested ground, dissecting one of the world’s richest gold districts. The Cochenour to Balmertown haulage drift is advancing at a rate of approximately 18 feet per day, and is over 60 per cent complete. Once the Cochenour Mine is fully operational, the haulage drift outfitted with its underground high-speed tram is expected to transport 1,500 tonnes of unprocessed ore per day for refining.
Rubicon Minerals Corporation is an exploration and development company focused on developing its flagship Phoenix Gold Project in Red Lake, Ontario. Rubicon’s focus is in high-grade gold-producing areas of North America. The company owns over 100 square miles of prime exploration ground in the prolific Red Lake gold camp of Ontario, Canada. A significant high-grade gold discovery referred to as the Phoenix Zone is a deposit located in a jurisdiction with low political risk. The Phoenix Gold Project is fully permitted and Rubicon is fully funded to develop the project. The Phoenix Project is 100 per cent controlled by Rubicon in the heart of the Red Lake, Ontario gold district, home to Goldcorp’s Campbell Red Lake Mine. The Phoenix Project’s infrastructure improvements include:
- 44KV connection to Hydro One’s electrical grid
- Shaft access with modern hoisting plant
- Shaft deepening in progress, currently at >500m depth
- All-weather road completed, connecting Rubicon to Red Lake
- New headframe under construction
- Modern hoisting facility: 2,500 horsepower, 14-foot diameter hoist
- 59,000-square-foot mill processing facility and tailings impoundment under construction
- Lateral development to date: 2,750 metres
- Raising to date: 625 metres
The Madsen Gold Project comprises approximately 10,000 acres. Located on the southwestern part of the Madsen Property is the historic Madsen gold mine and mill. Situated in the prolific gold-producing Red Lake camp only 20 kilometres from Goldcorp’s high-grade Red Lake mines, the property is accessible from Highway 618. The mining infrastructure includes a mill with 500 tonnes, a functioning 4,125-foot-deep timbered shaft and a tailings management facility. All existing infrastructure is fully permitted. The Madsen Gold Project at Red Lake, Ontario represents a significant exploration opportunity for Claude Resources. Since 2008, Claude has demonstrated the potential for discovery of high-grade gold deposits and provided and updated National Instrument 43-101 Technical Report on the property. From 1938 until the mine’s closure in 1976, gold production exceeded 2.4 million ounces. Historic production exceeded 100,000 oz/year and was derived from both the “Tuff” and “8 Zone” Trends.
One of the most significant infrastructure investments that Red Lake has ever seen was completed at the end of 2012. A $39-million natural gas pipeline has been extended almost 50 kilometres from the old Griffith Iron Ore mine to service Cochenour, Balmertown and Red Lake. Federal and provincial government, Goldcorp, Union Gas and the Municipality of Red Lake collaborated and forged partnerships to fund this energy-savings initiative. In fact, new residential, commercial and industrial developments will, and retrofitted businesses and residents are, enjoying 50 to 70 per cent energy savings from natural gas installations. With natural gas routed along Red Lake’s new fully serviced 20-acre Highway Commercial area, more investment activity is anticipated. Within this Highway Commercial area Tim Hortons and Super 8 Motel are fully operational and very busy. Increased airport passenger use has been expedited from the new larger, energy-efficient Airport Terminal Building (ATB). Retail/restaurant lease/space opportunities are available within the ATB and the associated Airport Business Park for aviation-related businesses.
Red Lake’s past mining history, current high levels of exploration activity, and outlook to a brilliant future provide potential investors, businesses and industries immediate and “golden” opportunities!
For more information please contact Bill Greenway, economic development officer by phone: (807) 735-2096 ext. 238 or email: email@example.com.