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  • March 16, 2022
  • Industry News
Soaring gold prices drive exploration in Timmins-Matheson mining camp

Junior miners are growing gold ounces on the path to mine production

Gold prices hovering in the US$1,920-per-ounce range is providing fuel for the exploration activity occurring east of Timmins where new players have taken root and an existing miner is evaluating expansion opportunities.

The untapped gold potential in the Matheson area attracted Mayfair Gold in 2020 where the company is promoting a proposed open-pit mine project.

The Vancouver junior miner picked up the 4,800-hectare Fenn-Gib project from Pan American Silver at the end of 2020.  Fenn-Gib is 20 kilometres east of Matheson, just off Highway 101.

Read the full article from Northern Ontario Business HERE

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