March 1, 2010 ■ Volume 7, Number 1
ShowcaSing the mining expertiSe of northern ontario
High gold price fuels exploration
■ Red Lake, Beardmore-Geraldton,
Ring of Fire, Timmins were the hot spots
w w w .
s u d b u r y m i n i n g s o l u t i o n s .
c o...
More
March 1, 2010 ■ Volume 7, Number 1
ShowcaSing the mining expertiSe of northern ontario
High gold price fuels exploration
■ Red Lake, Beardmore-Geraldton,
Ring of Fire, Timmins were the hot spots
w w w .
s u d b u r y m i n i n g s o l u t i o n s .
c o m
E
xploration spending was
down in Canada and
around the world in
2009, but Ontario fared
better than most jurisdictions.
“Levels of activity and claim
staking were down a little, but all
things considered, it was a very
active year,” said Mark Smyk,
regional resident geologist for
the Thunder Bay North District.
Record mineral and deposit
appraisal spending of $799.
3
million reported by the
Ontario Ministry of Northern
Development and Mines for
2008 represented 24.
4 per cent
of total exploration spending
in Canada.
Ontario’s total for
2009 is expected to come in at
just under $600 million, but
will represent 31.
3 per cent of
expenditures across the country.
Ontario’s respectable
performance in 2009 was largely
attributable to
Less
