Ontario needs to follow the lead of Nunavut, where Inuit communities have benefitted from successful gold and iron ore mines.
It’s been 10 years since the world-class Ring of Fire mineral district was discovered in the isolated James Bay Lowlands, about 500 kms northeast of Thunder Bay. Not one mine has been built.
During those 10 years, the equally isolated territory of Nunavut has built two gold mines (Agnico Eagle’s Meadowbank and TMAC Resources’ Doris) and one iron ore operation (Baffinland’s Mary River).
A fourth gold mine (Agnico Eagle) should be in production in 2019 — and Sabina Gold and Silver Corp. A junior exploration company with a very rich precious metal deposit has just been given continued development approvals by the Nunavut Impact Review Board. Continue Reading →