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In Red Lake, Ontario, some of the world’s richest gold deposits can be found. There are places where gold is regularly produced at the astonishing rate of two troy ounces per tonne.
Learn about Red Lake’s fascinating history, including the famous “Goldcorp Challenge”, and the upcoming projects in the area today.
Sponsored by Gold Canyon Resources (TSX-V: GCU)
Every major gold producing country has an iconic gold producing trend that is synonymous with prosperity. South Africa has the Witwatersrand Basin and the United States has the Carlin Trend in Nevada.
While Canada has had many prolific gold producing regions over the years, including many famous gold rushes, lately the gold capital of Canada rests in Red Lake, Ontario. It is here – in some of the world’s richest gold deposits – that the yellow metal is famously produced at the astonishing rate of two troy ounces per tonne.
The Geology
Like much gold in Ontario and Quebec, deposits are found in a greenstone formation at Red Lake.
Most of the gold production in the district has come from structurally controlled vein-type gold deposits near regional mafic volcanic-sediment contact or ‘breaks’.
Major gold camps in the Timmins and Kirkland Lake areas of northeastern Ontario also show a close association with similar breaks. However, Red Lake’s major discovery in 1995 of the High Grade Zone makes it about 50 years “newer” for exploration potential.
The History
Gold was discovered on the shores of Red Lake by L.B. Howey in 1925. Word spread quickly and the town experienced a sudden surge in economic, industrial, and population growth. People travelled by dog team, on foot, or by open cockpit airplanes to seek their fortune. By 1936, Red Lake’s Howey Bay was the busiest airport in the world, with more flights taking off and landing per hour than any other.
Between Howey and the Hasaga Mine next door, a total of 600,000 oz gold was produced. But, it would be later discoveries that would make Red Lake the future capital of high-grade gold.
In 1938, the mill started at the Madsen Mine. It would produce for the next 36 years. In 1948 and 1949 respectively, the Arthur White Mine (later Dickenson and Red Lake) mine and then the Campbell Mine went into production.
The Challenge
In the 1989, Rob McEwen gained control of an underperforming mine previously known as the Arthur White Mine and then the Dickenson Mine. McEwen, the CEO of Goldcorp, knew the mine could have similar grade and potential to the surrounding mines such as the Campbell Mine.
In 1995, the High Grade Zone was discovered. Nine drill holes averaged 9.08 ounces of gold over 7.5 feet, but the company still found the overall geology to be challenging.
In 2000 at PDAC, Mr. McEwen launched the “Goldcorp Challenge” and posted decades of geological data on its Red Lake Mine to its corporate website. Geologists, scientists, and engineers from around the world were encouraged to examine the data and submit proposals as to where the next six million ounces of gold would be found. There was a purse of $575,000 USD up for grabs. It was viewed 475,000 times and 1,400 prospectors from 51 countries registered as participants.
Finishing 1st place in the contest:
First Prize – US$95,000 – Fractal Graphics and Taylor Wall & Associates
Today at Red Lake
Since 1925, there have been 28 operating mines and 28 million oz of gold produced at Red Lake. The majority has come from four mines: Red Lake (Dickenson), Campbell, Madsen, and Cochenour.
The biggest producing mine in 2014 was Goldcorp’s Red Lake Mine, which produced 414,400 oz. The High Grade Zone is the backbone of the operation, with an average grade of more than two ounces per tonne.
There are several current projects of note in the district:
