Building a Gold Mine in Kenora
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VOLUME 14 / ISSUE 1 Fall/Winter 2009 AN OFFICIAL PUBLICATION OF THE ONTARIO PROSPECTORS ASSOCIATION BBUILDINGUILDING A GGOLDOLD MMINEINE IINN KKENORAENORA – One Property aatt a TTimeime | Brett Resources Project Advances | Sage Gold Active in Greenstone | Get a Handle on Material Handling | What Caracle Creek Learned from the Downturn | New Kenora Gold Camp in the Making your exploration advantage... Geotech’s Passive EM Technique - ZTEM has been successful at detecting targets at depths in excess of 1500m. Ideal for Porphyry, SEDEX, VMS, Oil and Gas, Uranium and The next “Super Conductors”. advancement in Let nothing go undetected, choose one of Geotech’s Airborne EM patented and award winning airborne techniques. 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ONTARIO BASES: Kenora (807) 548-5647 • Pickle Lake (807) 928-2735 410134_ForestHelicopters.indd 1 11/25/08 2:01:31 PM DISCOVER THE WORLD LEADER IN UNDERGROUND DIAMOND DRILLING DISCOVER SUPERIOR PRODUCTIVITY, SAFETY & VALUE Swick Mining Services 423502 Full Page Ad Page 3 G Opp IFC ˚ DISCOVER 50% TO 100% DISCOVER 360˚ PRODUCTIVITY INCREASES DRILLING DISCOVER AWARD WINNING DISCOVER MULTIPLE SAFETY IMPROVEMENTS DRILL CONFIGURATIONS ˚ ˚ To discover the improved productivity, safety advantages and superior value our award winning underground diamond rig can deliver to your mine site, benefits that are now enjoyed by the world’s leading mining houses, please contact our North American General Manger, Will Gove, on (1) (705) 690 1012 or [email protected] SURFACE DIAMOND UNDERGROUND DIAMOND SURFACE RC SURFACE MULTI-PURPOSE UNDERGROUND LONGHOLE www.swickmining.ca CHAM9077-SMS 423502_Swick.indd 1 4/17/09 11:14:11 AM TSX Venture Symbol: EXS T: 800.388.8668 F: 819.797.6050 E: [email protected] Website: www.explorresources.com Chris Dupont – President and Director ContactInvestor information: Relations: Bay StreetT: 1-705-264-1273 Connect TollToll Free: Free: 1-877-264-1273 1-877-264-1273 Jacques Frigon – CFO and Director Explor,Contact Timmins Information: Office Tel: 1-647-500-6023F: 1-705-264-1717 E-mail:e-mail: [email protected] [email protected] EASTFORD LAKE PROPERTY, ONTARIO TIMMINS PORCUPINE WEST PROPERTY, ONTARIO • 70 km northeast of the City of Timmins, ON • 10 km west of the city of Timmins • Property consists of 170 claims over 3140 ha • Property is 2.5 km, north east of Lakeshore Gold • Discovery Hole Lynx Gold Zone West Timmins Mine • 16.6 grams/tonne over 12.0 meters • Property consists of 106 claims over 1930 ha • 0.494 oz/tonne over 40 feet • Target Model Hollinger McIntyre Gold System • Visible Gold at 415 m produced 30,000,000 oz Au. • Property located in Splay Fault Corridor • Exploration budget C$1,000,000 • Exploration budget C$6,000,000 448399_Explore.indd 1 10/16/09 4:05:42 PM Strong balance sheet... ...controlled spending... ...high grade future tNJMMJPODBTIBOE[FSPEFCUBUUIFFOEPG2 t3BJTFENJMMJPOJO4FQUFNCFSöOBODJOHUPTFFL PQQPSUVOJUJFTJO4VECVSZ t%FWFMPQNFOUPGIJHIHSBEF-'%QSPKFDUJTPOTDIFEVMFGPS For further information, QSPEVDUJPOTUBSUVQJO please contact: t*NQMFNFOUFENJMMJPOøPXUISPVHIFYQMPSBUJPOQSPHSBN David Constable, GPSJO4VECVSZ Vice President Investor Relations Toronto Office t1PTJUJWFFBSOJOHTPGNJMMJPO QFSTIBSF JO2 145 King Street West, Suite 1500 t4VTQFOEFEOJDLFMQSPEVDUJPOQSPWJEFTTJHOJöDBOUPQUJPOBMJUZ Toronto, ON M5H 1J8 Phone: (416) 628-5929 UPUIFOJDLFMQSJDF Fax: (416) 360-0550 Sudbury Office 1300 Kelly Lake Road Sudbury, Ontario, P3E 5P4 Phone: (705) 671-1779 TSX : FNX Fax: (705) 671-1137 www.fnxmining.com 4 448728_FNX.indd 1 The Ontario Prospector • Fall/Winter9/28/09 6:41:17 2009 PM Volume 14/Issue 1 INSIDE Fall/Winter 2009 The Ontario Prospector is published for Ontario Prospectors Association DEPARTMENTS 1000 Alloy Drive Report from the Ontario Prospectors Association 7 Th under Bay, ON P7B 6A5 Tel: (866) 259-3727; Fax: (807) 622-4156 Buyers’ Guide 30 www.ontarioprospectors.com President: Roger Poulin Executive Director: Garry Clark FEATURES [email protected] Building a Gold Mine in Kenora—One Property at a Time 8 THE ONTARIO PROSPECTOR Houston Lake’s approach to gold exploration in Kenora IS SUPPORTED BY THE has been slow and steady wins the race. FOLLOWING ASSOCIATIONS: Brett Resources: Five Million Ounce Gold Project Advances 12 Southern Ontario Strong community support and careful environmental stewardship Prospectors Association promise long-term local benefi ts. 679 Kilburn Street Kingston, ON K7M 6A3 Sage Gold Active in Greenstone 15 Tel: (613) 634-1821; Fax: (613) 634-0054 Exploring the Beardmore-Geraldton Gold Camp. President: John McCance http://ontarioprospectors.com/southern/ Get a Handle on Material Handling 21 index.htm Plan or reorganize your workspace to optimize efficiency, ergonomics and workfl ow. bigjohnkingston.net Porcupine Prospectors & Caracle Creek: What We Learned from the Downturn 25 Developers Association How an expanded business model allowed Caracle Creek international Consulting to P.O. Box 234 emerge from the 2008 downturn in a stronger position than before. Timmins, ON P4N 7W8 President: Kristan Straub The Kenora Gold District: A New Gold Camp in the Making? 27 Tel: (705) 365-6119 Treasury Metals thinks so. www.porcupineprospectors.on.ca [email protected] Northern Prospectors Association Do you have editorial you would like to submit for publication in Ontario Prospector? 52 Riverside Drive Please email your article, artwork, and contact information to Michael Senecal at Swastika, ON P0K 1T0 [email protected]. President: Mike Leahy Tel: (705) 642-1982 Please note that all editorial content is subject to approval by OPA. [email protected] Sudbury Prospectors & Senior Managing Publisher: Robert Phillips Account Executives: Anook Commandeur Developers Association (Book Leader), Brian Hoover, Wayne Jury, 1988 Kingsway, Unit G Project Manager: Kim Davies Darryl Sawchuk, Dawn Stokes, Bill Biber Sudbury, ON P3B 4J8 President: Tom Morris Editor: Michael Senecal Layout and Design: Naylor (Canada), Inc. Tel: (705) 525-0992 [email protected] Marketing Associate: Heather Zimmerman Advertising Art: Julius Muljadi Sault & District Prospectors Association #408 - 99 Pine Street Sault Ste. Marie, ON P6A 3Y3 Published by Tel: (705) 946-1040; Fax: (705) 256-8120 President: Delio Tortosa http://hosting.soonet.ca/eliris/sdpa/sdpa.htm Naylor (Canada), Inc. [email protected] 100 Sutherland Avenue Winnipeg, MB R2W 3C7 Northwestern Ontario (204) 947-0222 • (800) 669-2456 Prospectors Association www.naylor.com P.O. Box 10124 Th under Bay, ON P7B 6T6 ©2009 Naylor (Canada), Inc. All rights Phone: (807) 475-4142 reserved. The contents of this publication may President: Barb D’Silva not be reproduced by any means, in whole or www.nwopa.net in part, without the prior written consent of the [email protected] publisher. Boreal Prospectors Association Canadian Publications Mail Agreement Secretary: Douglas Parker #40064978 Tel/Fax: (807) 345-3860 www.ontarioprospectors.com/boreal/index.htm [email protected] PUBLISHED NOVEMBER 2009/ONP-B0110/9586 The Ontario Prospector • Fall/Winter 2009 5 Driller-friendly surveying. Down hole measuring tools that are easy-to-use yet efficient. Fordia Sudbury T 1.877.221.2252 F 705.566.2443 [email protected] www.fordia.com/visionr 426297_Fordia.indd 1 4/15/09 2:02:48 PM 450277_Freewest.indd6 1 10/10/09 9:24:18448381_Activation.indd PM 1The Ontario Prospector • Fall/Winter 10/21/09 2009 7:03:45 PM REPORT FROM THE ONTARIO PROSPECTORS ASSOCIATION he OPA would like to thank Wally Rayner for his dedication as OPA president and would like to welcome Roger Poulin as the incoming president. T Last year at this time we all were amazed at how fast the economy had changed! Th ere were people who lost huge percentages of their stock market value. It didn’t matter how balanced your investment portfolio was; all were down except those in pure cash! It’s a year later, and metals and mining seem to have turned around. Th e junior market is going through a contraction, with mergers or reverse takeovers occurring frequently. In some forecasts, the reduction of the number of juniors is required to provide a better liquidity market. Th e price of gold and other commodities seems to be stable, and companies are exploring lower- grade deposits. It seems that the winners over time have been those companies that have good-quality projects and that have preserved some cash. Th ere are numerous large areas of staked ground being worked across the province. Th e new commodity being ex- plored for in Ontario is chromite! Th e exploration occurring in the Ring of Fire north of Nakina has been focusing on the potential of world-class chromite mineraliza- tion. Th e press releases have been pushing the area as similar to a de- posit in Finland. An examination of the claims reveals that about 3% of the area that is part of the Thank you to outgoing OPA President Wally Rayner. government’s Far North Land Use Planning Initiative is staked, and two long potential transportation corridors have been covered. Th is emerging exploration camp will be a focus for years to come and is possibly the next great northern deposit. Recently, with the forest industry in trouble, the exploration and mining industry is getting a better profi le as a wealth creator in Ontario’s north. eTh OPA and other groups have been asked to speak to community leaders to outline what is occurring across the north. Reviewing the exploration projects across Ontario quickly reveals that there are some large projects moving forward towards production decisions.