HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Plenty of work...tbnews
Plenty of work
By Leith Dunick, tbnewswatch.com
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Minister of Northern Development, Mines and Forestry Michael Gravelle.
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A Ring of Fire co-ordinator will likely split time between Thunder Bay and Toronto, says the provincial minister responsible for filling the new position.
Minister of Northern Development, Mines and Forestry Michael Gravelle said once the successful candidate is in place for the position – promised in the last provincial budget – there will be plenty of work to keep them busy.
“There’s a lot of work to be done on the business side, in terms of who has control of the assets. There’s issues related to the railway line and how we get there as well,” Gravelle said. “There’s still some important decisions being made before we can even say the development is officially moving forward. That’s where the private sector has a significant role.”
The co-ordinator, once hired, will work and consult with aboriginal people, Northern Ontarians and the mining industry, with a goal of encouraging responsible and sustainable economic development in the region, situated some 500 kilometres northeast of Thunder Bay, near Marten Falls.
The Ring of Fire is spread over approximately 5,100 kilometres of mineral and ore-rich land, which until recently had gone virtually untapped.
But three years ago everything changed, when Noront Resources Inc. announced it had made significant finds in the area, including diamond, nickel, copper, platinum and palladium.
Then, almost by accident, Freewest uncovered an even more lucrative find, a thick chromite deposit that some industry experts have estimated is worth more than US$30 billion or more.
According to a recent article in the Toronto Star, more than 31,000 claims have been staked in the Ring of Fire area since 2003.
Last January, however, activists from Webique and Marten Falls First Nations set up blockades at landing strips in the area, citing a lack of consultation from both government and the mining company.
Gravelle said even without a co-ordinator in place, negotiations continue with natives in both communities, adding a deal is imminent in Marten Falls.
Without native co-operation, Gravelle knows it will be next to impossible to mine the area.
“That is clearly going to be an integral element in pulling together this development. It’s a big job, but it’s one that our ministry is embracing,” he said.
Gravelle couldn’t provide a budget for the position, only that the money needed to fill it, provide support staff and an office and cover the cost of the “significant” travel needed is already in the Queen’s Park coffers.
It could also mean a shifting of existing resources, he added.
“We (also) have the resources of our ministry that are already in place,” Gravelle said. “I’m not concerned with having the resources in place. Certainly the commitment in the budget was to put a Ring of Fire co-ordinator position in place.
The honest truth is that I haven’t sought out the specifics of the dollar figures.”
Minister of Northern Development, Mines and Forestry Michael Gravelle said once the successful candidate is in place for the position – promised in the last provincial budget – there will be plenty of work to keep them busy.
“There’s a lot of work to be done on the business side, in terms of who has control of the assets. There’s issues related to the railway line and how we get there as well,” Gravelle said. “There’s still some important decisions being made before we can even say the development is officially moving forward. That’s where the private sector has a significant role.”
The co-ordinator, once hired, will work and consult with aboriginal people, Northern Ontarians and the mining industry, with a goal of encouraging responsible and sustainable economic development in the region, situated some 500 kilometres northeast of Thunder Bay, near Marten Falls.
The Ring of Fire is spread over approximately 5,100 kilometres of mineral and ore-rich land, which until recently had gone virtually untapped.
But three years ago everything changed, when Noront Resources Inc. announced it had made significant finds in the area, including diamond, nickel, copper, platinum and palladium.
Then, almost by accident, Freewest uncovered an even more lucrative find, a thick chromite deposit that some industry experts have estimated is worth more than US$30 billion or more.
According to a recent article in the Toronto Star, more than 31,000 claims have been staked in the Ring of Fire area since 2003.
Last January, however, activists from Webique and Marten Falls First Nations set up blockades at landing strips in the area, citing a lack of consultation from both government and the mining company.
Gravelle said even without a co-ordinator in place, negotiations continue with natives in both communities, adding a deal is imminent in Marten Falls.
Without native co-operation, Gravelle knows it will be next to impossible to mine the area.
“That is clearly going to be an integral element in pulling together this development. It’s a big job, but it’s one that our ministry is embracing,” he said.
Gravelle couldn’t provide a budget for the position, only that the money needed to fill it, provide support staff and an office and cover the cost of the “significant” travel needed is already in the Queen’s Park coffers.
It could also mean a shifting of existing resources, he added.
“We (also) have the resources of our ministry that are already in place,” Gravelle said. “I’m not concerned with having the resources in place. Certainly the commitment in the budget was to put a Ring of Fire co-ordinator position in place.
The honest truth is that I haven’t sought out the specifics of the dollar figures.”
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