Re: Cohen (traps)..he would say thanks
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Jan 16, 2010 12:45AM
Focused on the Rice Lake Gold Belt
The Rice Lake Gold District: The Rice Lake Belt is Manitoba’s most significant gold district. The first small-scale gold production in the Rice Lake region occurred in 1916 and the first gold brick was poured in 1923 from the Poundmaker Mine......
Between 1920 and the start of World War Two over ten small mines operated in the Rice Lake Gold Belt. Surface exploration at this time resulted in the discovery of almost all of the current known deposits in the belt. Most of the mines went down to about 500 ft, with a couple going down to as much as 1000 ft. In contrast, the recently discovered high-grade zone discovered at the Red Lake mine goes down to as much as 7000 ft. Thus, based on depth alone, the Rice Lake Belt remains vastly under-explored...
The Uchi terrain consists mainly of volcanic rocks that formed in an ancient ocean as well as intrusive and sedimentary rocks. These rocks are home to the important Balmer formation, which is the host to the world class gold deposits discovered at Red Lake 80 km to the east and further east at the Pickle Lake Gold Camp. The Red Lake belt has produced over 20 million ounces of gold; while the Pickle Lake Belt has produced 2.5 million ounces of gold. Rocks in the Rice Lake Gold Belt are similar in age to those at Red Lake. Gold mineralization is present in both older rocks in the northern part of the Belt and younger rocks in the southern part of the belt. The San Antonio mine, which has contributed over 80% of the gold production from the belt to date, is hosted in the younger southern package of rocks. Limited production has been obtained from deposits in the northern part of the Belt. Nonetheless, the older rocks of the northern portion of the belt are considered highly prospective as they are regarded as equivalent to the Balmer series of rocks that host the world class gold mineralization at Red Lake. Sections of the Rice Lake Belt are also cut by the Wanipigow Fault. This is a regional shear fault that cuts through the Rice Lake Belt and extends eastwards to the Red Lake and Pickle Lake gold camps. Crustal breaks such as the Wanipigow Fault are often associated with the major gold camps throughout the Canadian Shield such as the Timmins gold camp. Since 1910, the Timmins area has produced nearly 70 million ounces of gold, making it one of the two of most productive gold camps in North America....
Only recently has the Rice Lake region begun to be systematically explored by innovative companies using modern exploration techniques and geological theories. The important geological similarities between the Rice Lake Belt and the Red Lake Belt, however, make the Rice Lake region an ideal location for finding large, high grade gold deposits. Mining infrastructure is already present in the town of Bissett, which is home to the Rice Lake mine and mill. Moreover, the region has already proven its potential, as it already contains more than 200 showings of gold and has produced almost 2 million ounces of gold. These gold discoveries were made using outdated exploration technologies and geological theories. Armed with new techniques and theories, within the last decade junior exploration companies have only begun to scratch the surface of the belt. Could the Rice Lake region be the next Red Lake? The exploration companies operating in the region are clearly committed to making this statement a reality.
Conclusion: As a result of the high metal prices we are experiencing today exploration companies are going to the far reaches of the world in search of the next mine. Some of the countries such as Venezuela and Mongolio, have geopolitical climates that make investors and companies shy away. What many people don’t know, however, is that within historically safe countries such as Canada there are still highly prospective mining districts that remain to be explored using modern exploration techniques and geological theories. The Rice Lake Belt, located 80 km west of Red Lake is one such region. It is a vastly under-explored greenstone belt with the potential to host high-grade gold deposits on par with the major gold districts of North America. Page 15...............