A $2.1-million Lakehead College mineral analysis program centered on the realm that hosts the present Lac Des Iles (LDI) palladium mine simply north of Thunder Bay may blow the lid off the potential for a number of different new mines within the metropolis’s orbit, contributors say.
Introduced on Feb. 4, the analysis shall be led by the varsity’s new industrial mineral analysis initiative, chaired by the college’s geology division head, Prof. Peter Hollings.
This system shall be carried out in collaboration with LDI proprietor Impala Canada, making the most of the corporate’s “state-of-the-art” exploration expertise.”
The initiative expects to create 9 new jobs, in line with a provincial information launch.
Hollings “and his staff may have unparalleled entry to the geological database on the (LDI mine) and regional exploration properties, a database that’s a number of orders of magnitude larger than most academic-based geo-scientific tasks,” mentioned a separate Impala Canada information launch.
Although Impala Canada is contributing $375,000 to this system, the analysis it produces will be capable of be utilized by different corporations, Hollings mentioned.
“The mission positively has the potential to learn corporations apart from Impala,” Hollings mentioned.
Hollings added: “Though LDI is primarily a palladium producer, the mission is nickel, copper and platinum-group components. There are lots of corporations searching for this fashion of deposit within the area, together with . . . the Ring of Hearth.”
Impala Canada chief government officer Tim Hill mentioned “exploration is the lifeline of the mining trade. Discovering new, economically viable mineral deposits opens the door to generations of jobs, funding and group improvement alternatives.”
The LDI mine, which has operated for 25 years, was taken over final 12 months for $1 billion by Johannesburg-based Implats, the mum or dad firm of Impala Canada. About 700 individuals work on the mine.
Along with Impala Canada, the province put in $670,000 to the analysis mission, with an identical quantity from the college. The feds matched Impala’s contribution of $375,000.
Hill introduced the brand new analysis program with Ontario’s Vitality, Northern Growth and Mines Minister Greg Rickford.
“Via this mission, now we have the potential to draw new investments into the area and drive extra financial alternatives right here in Northwestern Ontario,” Rickford (Kenora-Wet River) mentioned within the provincial information launch.