Canadian golden elephant
In the mining industry, super-large-sized deposits are often referred to as elephants. Like the animal, these deposits aren’t all that common. But also like the animal, they can still be found.
In the mining industry, super-large-sized deposits are often referred to as elephants. Like the animal, these deposits aren’t all that common. But also like the animal, they can still be found.
Right about the time I was busy being born back in July 1970, a mining company called Great Plains Development Company of Canada was in the process of drilling two exploratory holes into its “Chris” claims, in northern British Columbia.
Cash is king in mineral exploration, but maintaining a good market capitalization also plays on other factors, as these companies demonstrate.
Teck will hold a 75% interest in the project.
The mining industry in British Columbia produced some healthy numbers in 2011, buoyed by high commodity prices and continued growth in mineral exploration, according to PwC’s annual BC Mining Survey.
A potent combination of rising gold prices and favorable geology has reignited gold exploration in British Columbia, attracting some of the industry’s biggest mining companies and sparking renewed interest in the province’s oldest mining camps.