Two significant mining discoveries in northern Saskatchewan were unveiled last week.
The North is viewed as the “uncharted land” in mining circles. For many years exploration was discouraged by anti-business rules imposed by left wing governments that made companies look anywhere but Saskatchewan.
Eventually, our policy makers got that turned around and now the province is considered one of, if not the most, attractive places for mining development, but exploration is decades behind.
So, at this time of year, we regularly get details on the winter drilling activities of mining companies. And it is busy.
Last Wednesday, for example, Denison Mines announced a high-grade uranium discovery not far from Key Lake and Denison’s Wheeler River camp. They had only drilled six holes at the Moon Lake prospect but hit uranium in four of them so they will be doing more in the future.
And farther south, Foran Mining revealed a rich gold-copper discovery in the Flin Flon region, about 300 meters from its McIllvena Bay deposit. They’re calling it the Tesla project and will conduct further step-out drilling from their primary site.
