We are in one of the premiere mining districts in the world. The Northwest Territories is very mining friendly. With several diamond and precious/base metal projects developed or in development the N.W.T. has a proven record of getting mines to production.
Our location is even special for the N.W.T. Only 185km from Yellowknife, by air, we are easily supplied in the early stages by the major supply source for all of the N.W.T.
We are only 148 km from Pine Point. Pine Point is being developed by Osisko Metals to re-open as a viable zinc mine. Pine Point was one of the largest mines in Canada and produced some 64 million tons of ore between 1964 and 1987. The grade was 7% zinc and 4% lead. Nearly identical to the confirmed grades at O'Connor Lake. Pine Point was literally a “string of pearls” strung along some 60km of periodic open pits. Pine Point has a mill, tailings ponds and a rail line. All able to be rehabilitated for future production.
Power is probably the single most important aspect of the financially viable development of any mining project. We really lucked out here! We are only about 60km from the 18-mw power plant that supplies Fort Smith, Hay River, Fort Resolution on the Talston River. Some 200km of lines supply these communities and O'Connor Lake is within close proximity to these power lines. This is hydro power and the power plant has excess capacity that is operated and maintained by the NTPC (Northwest Territories Power Corporation) very clean and very cheap!
To summarize we have:
60km to all weather road at Fort Resolution
Access to year-round supply by air
Access to Pine Point infrastructure on the same all weather road between Hay River and Fort Resolution