[INFOGRAPHIC] Looking at the high-grade gold capital of Canada
The high-grade gold capital of Canada — Red Lake, Ontario — has been a chosen place for many projects throughout the years. However, the location hasn’t been without its problems.
The following infographic takes a look at the areas geology and history, touching upon those specific projects and challenges.
It’s quite interesting to compare dates and see how the mining industry in Red Lake has changed throughout the years.
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As the infographic states, it’s significant to mention that every single major gold producing country has an iconic gold producing trend, with Canada having many well-known gold producing regions over the years.
With the gold capital of Canada currently resting in Red Lake, Ontario, it is here that some of the world’s richest gold deposits can be found.
While most of the gold production in the district has come from structurally controlled vein-type gold deposits, Red Lake has the distinction of being one of the “newer” areas for exploration.
And even though it has faced its fair share of problems, Red Lake will still be one of the most exciting addresses for gold in Canada for many years to come.
Currently, Gold Canyon has two projects in the works happening near Red Lake, including the Springpole Project.
Don’t miss the other exciting changes that have taken place at this location throughout the years, as well as how the district was able to overcome obstacles and maintain its success.
Let us know what your thoughts are on the Red Lake location, and if you have any other favorite spots throughout Canada for producing gold.
British Lithium Pressured Due To Calls for Electric Cars
The British demand for lithium is set to reach 75,000 tonnes by 2035 as the government works towards their ban on the sale of high-polluting diesel and petrol vehicles within the UK. This comes as automakers worldwide continue to insist on the benefits electric vehicles will have on slowing the rate of climate change.
It is estimated that the UK will require 50,000-60,000 MT of lithium carbonate a year by 2035 for battery production to satisfy government needs. This is assuming production remains at 1.2 million vehicles per year, and the amount of lithium required does not increase.
British Lithium, which hopes to begin constructing a quarry to produce 20,000 MT of lithium carbonate a year in a $400 million investment, are not without competitors, both within the UK and abroad.
Competition For Lithium Rises In Europe
After only five years after its initial launch, Cornish Lithium is setting its sights on becoming a UK powerhouse in mining lithium, aiming to begin commercial production in under four years. Jeremy Wrathall, a former investment banker and current managing director of Cornish Lithium, had the future in mind when founding the company.
“In 2016, I started to think about the electric vehicle revolution and what that would mean for metal demand, and I started to think about lithium,” he said in an interview with AFP. “A friend of mine mentioned lithium being identified in Cornwall, and I just wondered if that was a sort of unrecognised thing in the UK.”
Lithium was first discovered in Cornwall around 1864 and has not been mined again since 1914 when it was produced as an ingredient in fireworks. Now, however, Cornish Lithium is reportedly in the testing stage to see if the metal can be produced commercially to meet the growing demand required for the electric car sector.
Despite Cornwall’s close historic ties to mining lithium, Wrathall insists that the project is purely commercial.
Cornish Mining Revival For Lithium Production
“It’s not a mission that drives me to the point of being emotional or romantic,” he says. “It’s vitally important that we do get this technology otherwise Europe has got no lithium supply.”
The European Commission has also stated their goal to end the sale of new petrol and diesel cars by 2035 to aid the environment. That being said, the majority of lithium extraction currently relies on power provided by environmentally damaging fossil fuels─a slight contradiction.
Alex Keynes, from the Brussels-based lobby group Transport & Environment, is adamant that mining for lithium should be done sustainably.
“Our view is that medium-to-long term, the majority of materials including lithium should come from efficient and clean recycling.
“Europe from a strategic point of view should be looking at securing its own supply of lithium.”
Despite growing competition from abroad, British Lithium Chairman, Roderick Smith, continues to place importance on the mining of lithium within the UK.
“Imagine what the UK economy would look like if we lost our automotive industry,” Smith says. “The stakes are high for the UK.”
Smith expects the UK to compete with other European countries to secure a lithium battery plant in the near future.