Mining is Booming in Northern Ontario
June 2006 by Leonard MelmanOne of the results of the dynamic metals prices in recent years has been an enormous increase in mining activity throughout the industry and few places have been impacted as greatly as Northern Ontario, Canada.
It all started with a phone call from my friend and prospecting partner Pat Keene. He told me that he knew of an investor who was just starting out in the gold industry and was looking for a gold consultant to go to Africa to prospect and analyze a 400 sq. mile concession in the middle of the Congo rainforest. I waited for the “just kidding” line...
We hit on a good spot the last time we were at this location and we made up our minds that we weren’t going to let hurricane-like winds stop us.
These “people”—and I use that term loosely—worked together with others. What was happening to me was like scenes out of the old James Bond movies.
“The evidence is clear—mineral deposits alone are not enough to attract precious commodity investment dollars...”
At one time or another, many miners will look seriously at purchasing a mining claim...Usually it’s a significant financial commitment, so how do you know if you are getting a good deal?
The gold in this area can get quite large. Most of the pieces are about half a pennyweight on average.
The first requirement is permission from a land owner. This can be tricky and it’s always a bit nerve-racking to approach a stranger cold with such a request.
The Bawl Mill • Basic Geology for the Independent Miner—Part VI Geology of Placer Gold Deposits • For a Few Specks of Gold • The Livengood-Tolovana Mining District • Miners Rescued After Two Weeks • Mining Firms Uneasy Over Bolivia • Wyoming's Billion Dollar Nugget • China to Set Up Strategic Reserves • Mongolia Tax May Chase Off Investment • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices