Only recently has the Rice Lake region begun to be systematically explored by innovative companies using
modern exploration techniques and geological theories. The important geological similarities between the
Rice Lake Belt and the Red Lake Belt, however, make the Rice Lake region an ideal location for finding large,
high grade gold deposits.
Mining infrastructure is already present in the town of Bissett, which is home to the Rice Lake mine and mill.
Moreover, the region has already proven its potential, as it already contains more than 200 showings of gold
and has produced almost 2 million ounces of gold.
These gold discoveries were made using outdated exploration technologies and geological theories. Armed
with new techniques and theories, within the last decade junior exploration companies have only begun to
scratch the surface of the belt. Could the Rice Lake region be the next Red Lake? The exploration companies
operating in the region are clearly committed to making this statement a reality.
Conclusion:
As a result of the high metal prices we are experiencing today exploration companies are going to the far
reaches of the world in search of the next mine. Some of the countries such as Venezuela and Mongolio, have
geopolitical climates that make investors and companies shy away.
What many people don’t know, however, is that within historically safe countries such as Canada there are still
highly prospective mining districts that remain to be explored using modern exploration techniques and
geological theories. The Rice Lake Belt, located 80 km west of Red Lake is one such region. It is a vastly
under-explored greenstone belt with the potential to host high-grade gold deposits on par with the major gold
districts of North America.