The Birth of the U.S. Federal Reserve Bank - How usury destroyed America -
Based on Mr. Griffin's book of the same title, this address will shatter your old ideas about money and change the way you view the world. 1998 lecture.
Through its amalgamation with Faymar, Goldstone owns a 100% interest in 26 patented claims, totaling 399 hectares (985.5 acres) in Deloro Township near -
A 1% net smelter return royalty is payable to the vendors of the property. The patents contain the past producing Faymar Gold Mine which produced 119,181 tons at an average recovered grade of 0.183 ounces of gold per ton and 0.11 ounces of silver per ton between 1940 and 1942. A total of 44,028 tons were also processed in the Faymar mill from the nearby Fuller property at an average recovered grade of 0.148 ounces of gold per ton.
The Faymar patents are located in the Porcupine gold camp and are underlain by Archean supracrustal rocks of the Abitibi Greenstone Belt. On the property, they predominantly consist of andesite and basalt flows of the Deloro Group with minor iron formation. A large body of dunite ultramafic occurs in the northwest corner of the property and east-striking quartz-feldspar porphyry dykes intrude the volcanic rocks and dunite. Several faults occur on the property and are splays from the nearby Destor-Porcupine Fault, a large regional structure important in localizing gold in the Timmins area.
Gold on the Faymar property is hosted in a series of quartz veins and shears, marginal to porphyry dykes. An old asbestos deposit is also located in the ultramafic rocks. An airborne magnetic and electromagnetic survey flown over the Timmins area in 1987 detected a series of linear magnetic and electromagnetic anomalies on the Faymar patents and no follow-up work has been carried out to test their potential.
Goldstone (Ontex) announced encouraging results on the 2002 exploration program on the Faymar Property in Deloro Township. A mapping program re-discovered 60-year old workings along a NW trending, high-grade gold-quartz vein from which samples returned values up to 56 g/t Au. Goldstone, however, was primarily interested in examining the untested PGE potential of the ultramafic rocks that lie to the west of the Faymar Gold Mine. Surface samples from the ultramafic rocks returned values up to 0.5 g/t Pt Platinum + Pd Paladium and 0.6% Ni Nickel. A follow-up 2,419m (13 hole) diamond drill program yielded concentrations up to 0.96 g/t Pt+Pd over 1.6m and 0.7% Ni.
Was the first producing gold mine in Timmins. In the spring of 1909, a prospecting team led by Harry Preston and Jack Wilson uncovered a mound or dome of golden crusted quartz. They staked their claims and called it “The Big Dome”.
The mine started as an underground operation and expanded to include the super pit. It consists of many buildings including the head frame (building with the red top), mill, shops, and office building.
To date, it has produced over 15 million ounces of gold.
Not only was it one of the first mines to be discovered, but it is Canada’s longest running gold mine.
Pamour Mine/Porcupine Joint Venture
Its ore body was first staked in 1909 by a prospector named A.C. Brown, but for a variety of reasons, such as the Great Fire of July 11, 1911, World War I, and the stock market crash of 1929, along with a general lack of funds, the mine had a difficult start-up.
In 1935, a deal was made between Noranda Mines Ltd. and Pamour Porcupine Mines Ltd. to bring the mine into production with Quebec Gold as the manager. The name Pamour comes from a combination of the names of two prospectors, Firman La Palme, and Wilfrid D’Amour who were connected to the property at various times.
The Porcupine Joint Venture, a joint development project by Placer Dome Ltd. and Kinross Gold Corp saw the Pamour pit back in operation in 2005. The relocation of Highway 101 allowed for the expansion of the super pit and rerouted traffic to the south side of Three Nations Lake. Reserves are estimated at 1.8 million ounces of gold.
Porcupine Gold Mines Camp -
- 100th Anniversary Video -
The Porcupine Camp is dotted with head frames and open pit mines; some old, some newer, evidence of our mining heritage.
Historically, the district has been a major producer of both gold and base metals.
Timmins Porcupine Gold -
Along the Porcupine-Destor Fault, which runs 200km from Timmins to Destor in Quebec, over 65 million ounces of gold have been mined.
Head frames towering majestically in our city’s skyline conjure up images of adventure and heroism.
As picturesque as they are, their presence served a necessary, practical function for past miners.