As early as , French explorer Jacques Cartier was told by native North Americans of a gleaming, lustrous metal found in the North. During their trip in , coureurs de bois Radisson and Groseilliers reportedly traded for gold with the local tribes, and in a native prospector and guide, Moses PeKong-Gay, found gold nuggets in the Hemlo region.
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In , storekeeper Harry Oilman and native prospector Peter Mogeg discovered gold, and one year later guide Moses Figher and geologist Trevor Pages staked ground around what is known today as the Williams claim. Prospector Roy Newman and geologist Bob Schaaf came close to becoming millionaires when they found gold in the area during Even though adventurers, explorers, prospectors, and geologists staked numerous claims and mining companies worked the ground in search of the precious metal, no one was able to locate the quartz rock veins in which Canadian gold is usually embedded.
The gold that was found during these attempts did not have the grade to be commercially profitable. Not finding gold, most of the prospectors and geologists eventually gave up on Hemlo, but Don McKinnon and John Larche remained patient — and became millionaires. Larche had quit school at 15 and gone to work in the gold mines near the Porcupine River in Timmins, Ontario.
He worked for short periods in automobile and airplane plants before he turned to prospecting full time. Larche, with a wife and four children, had once gone for 18 months without earning any money. McKinnon also left school at an early age and moved to Timmins from Cochrane, Ontario.
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In Timmins he supervised lumber crews for a paper company before leaving to become a prospector. Both men had studied the Hemlo area for almost 20 years: Larche grubbing the ground with a tractor and backhoe and McKinnon grubbing by means of mining publications, geological surveys, and public and corporate reports.
When claims in the area that both men coveted reverted to the Crown in December of , they immediately acted on the opportunity. Relying on their research and intuition, they began by staking a claim in the traditional manner. A prospector brings an ax, compass, and four-foot-long post with the information about the claim attached to it, or he cuts a tree to the same proportions in the northeast corner of his square-acre claim.
The only alternative was to find a mining company that might be interested in funding an exploratory site.
After pounding on the doors of big exploration companies without any results, the two men met David Bell. An independent geologist who had had an eye on the Hemlo area for some time, Bell was eager to sink his drill into the claims staked by McKinnon and Larche. Bell had a theory that no one considered before, namely, that within the Hemlo area there was no quartz rock.
According to Bell, the reason for this was due to the fact that the gold was scattered throughout volcanic sediment in wide and fine amounts — similar to the deposits in some of the richest goldfields in Africa. Pezim told Bell he could raise enough money for exploration through a junior called Corona Resources. For a negligible amount of cash, shares of stock, and a 1.
Turning toward the southwest and away from the highway, Bell drilled at different depths and tried different angles. Finally, on hole 76 at an angle of 50 degrees and a depth of On May 7, , Bell had made one of the most important discoveries in the history of North American mining. News of the discovery jarred the mining companies into action. Goliath Gold Mines and Golden Sceptre Resources, two exploration companies based in Vancouver, also optioned a number of claims.
His drilling program resulted in finding what is now called the Golden Giant mine, with an estimated deposit of 6.
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A short time later, one of the largest mining companies in Canada, Noranda Mines Ltd. Site clearing and building of the mine were initiated in April of Construction of the mine and mill went quickly and the first bar of gold bullion was poured on April 6, In October , less than five years after the original agreement had been signed to develop the claim, Hemlo announced its first dividend. From until the end of , the Golden Giant mine produced 2,, ounces of gold.
Proven and probable reserves estimated during the same year figured to include an additional 5,, ounces of gold sufficient for another thirteen years of mining. Hemlo acquired a 55 percent interest in the Silidor Mine, located in northwestern Quebec, and as part of the acquisition from Noranda, it became operator of the mine in May of Hemlo estimated that its share of production from the mine would average 35, ounces of gold per year, and projected in that six years remained in the life of the mine.
The New World Project in Montana, in which Hemlo owned a 60 percent interest, was projected to have an annual production of 80, ounces of gold by Hemlo had a 55 percent direct and indirect interest in the Holloway Joint Venture located in northeastern Ontario, and its share for the company promised another 70, ounces by The men that set off one of the largest staking rushes in North America remained involved in mining. Geologist David Bell turned his attention to exploring sites in western Europe , South America , and Australia, while maintaining an office in Hamilton, Ontario.
McKinnon used the proceeds from his share in the claims to buy a house in Guelph, a farm in Timmins, a cottage in Peterborough, and a winter home in Florida.
After his work with Larche, he became involved in projects in the Mishibishu area about miles south of Hemlo. John Larche served two terms as president of the Prospectors and Developers Association of Canada during the late s, but suffered severe injuries from a plane crash in , from which he was fortunate enough to recover. He is happy while doing as a adult in work. Having funs. Read more.
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