Mining the Treasure Trove (Ring of Fire): Excerpt from Northern Ontario: Introducing the Unknown Country – Michael Barnes
Michael Barnes is the author of more than fifty books about characters, communities, mining, and police work. He is a Member of the Order of Canada and makes his home in Haliburton, Ontario, Canada. While living in Northern Ontario most of his life, he has come to know and admire those who make their living in the mining industry.
To order a copy of “Fortunes Found – Canadian Mining Success” go to: General Store Publishing House
Mining the Treasure Trove (Ring of Fire) Excerpt
Geologists have two theories as to the origins of the metals that are driving the push to access the potential bounty of the Ring of Fire deposits. The area it covers may well be bigger than the Sudbury Basin. One theory has it that the volcanics in the great arc were there first and then the granite intruded, bringing up host rocks for the minerals.
The other is connected with Continental Drift during the earth’s early history. In this line of thought, two separate subcontinents collided, and between the faulted contact between the two, mineral plumes brought up the minerals. More drilling in the granite should eventually settle the matter.
In the meantime, the rare mix of metals waiting for harvest has excited more interest than any other mining boom in Canada in decades. One estimate of the value of the chromium alone currently known to be present is set at $30 billion. As diamond drills continue to define the different ore bodies, and geologists ponder each metre of core brought to surface, there is much debate as to how mining will be done and the way it will be brought to market. (Continued after video)
In 2010, the Prospectors and Developers Association of Canada awarded the discoverers of the Ontario Ring of Fire mining camp – Richard E. Nemis, John D. Harvey, Mac Watson, Donald Hoy, Neil D. Novak – the Prospectors of the Year Award. The above video highlights the most significant Canadian mineral discovery in almost a century. Read the rest of this entry »