Economic Profile
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| Bidgood
Gold Mine |
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| Kirkland
Lake Gold Inc. |
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KLG Mining Program
Want to be a miner? Be trained
by the best and work for the best. No experience required.
Contact:
vboulley@klgold.com
Phone: 705 567-5208
Fax: 705 568-6444
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The mines that originally founded the community
ceased operations by the end of the 1990’s. While other mines came
on line, such as the Holloway
Mine operated by Newmont Canada Ltd., played an important role
in the community’s continued economic well-being, it seemed by the
end of the decade that Kirkland Lake’s time as a hard rock mining
town was coming to an end.
Appearances can be deceiving however.
While the average man on the street may have felt that the time
of the mines had run its course, the local mining community did
not give up hope. Local
prospectors and mining companies continued to explore the camp.
Large scale, ambitious exploration programs such as Discover
Abitibi were launched.
The situation turned around in 2001. In that year, a geologist,
Roland Ridler, published a report entitled “Kirkland Lake Mineral
Properties (Macassa Mine, Kirkland Lake Gold, Teck-Hughes, Lake
Shore, Wright-Hargreaves)”. The author argued that the full potential
of the Kirkland Gold Camp had not been realized, and that the old
mines likely had years of productive life still left in them.
One company, Foxpoint Resources, took Ridler’s research very seriously.
In 2001, Foxpoint Resources purchased the old town mine sites, and
began a systemic review of their known resources and future potentials.
Kirkland Lake Gold
Inc., as Foxpoint is now known, began processing old mine tailings
in May 2002, poured its first gold bars in July, and hoisted its
first ore from underground in January 2003. Today, approximately
250 people are employed at Kirkland Lake Gold Inc.
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