Red Lake Gold District

The Red Lake Gold Mining District in northwestern Ontario is to Canada what the Carlin Gold Trend is to the United States, and what Witwatersrand District is to South Africa - the most prolific gold producing region in the entire country.

Red Lake Ontario Regional Activity

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Red Lake Gold District

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Since the mid-1960's The Red Lake District has yielded over 30-million ounces of gold worth over USD$20 billion at today's prices and is home to Goldcorp's Red Lake Mine, one of the richest, lowest cost production mines in the world. The Red Lake Mine produces approximately 600,000 ounces worth USD$405 million annually, with over 11 million ounces (USD $7 billion) gold to date.

Despite Red Lake's long history, the most prolific discovery was made just ten years ago. Dickenson Mines Ltd. had been successfully operating the Arthur White Mine in the region since 1948 and was acquired by Goldcorp in 1989. After applying advanced science and contemporary perspective to the former Arthur White Mine site and surrounding area, and implementing an impressive exploration program, Goldcorp made one of the highest grade gold discoveries in the world, averaging 9.08 ounces of gold over 7.5 feet on nine drill holes.

The now high profile Red Lake district has attracted nearly 60 juniors over the past five years and District real estate has elevated to blue chip status.

Grandview has considerable interests in the Red Lake District and on the Red Lake Gold Trend. These three projects, plus interests in Manitoba's emerging Rice Lake District fit perfectly into the Company's Canadian exploration strategy of applying advanced geology, geophysics and geochemistry to the Red Lake & Rice Lake greenstone belts.