Taken from the Goldmau research report:
The discovery was amazing – the Company announced nine drill holes
averaging 9.08 ounces of gold over 7.5 feet. Goldcorp’s persistence had been
rewarded with one of the highest grade gold discoveries in the world.
Discoveries of this magnitude only come along every several decades or so.
The impact of the discovery on the Red Lake district was dramatic. The
discovery set off an exploration rush in the region the size of which hadn’t
been seen since gold was first discovered in the 1930s. Millions of dollars
surged into the region as exploration companies hoped to duplicate the success
of Goldcorp. It became almost impossible to find an available drill contractor
and local hotels were full.