Now 100% owned by IEP
Hoyle Pond and 1060 Extension Property in Matheson Twp.
- The Project consists of four non-contiguous blocks totalling 41 single cell mining claims, four patented (surface and mining rights) claims and three leased (surface and mining rights) claims covering approximately 1,276.84 ha located in the western portion of Matheson Township
- The Property has been explored sporadically since the mid-twentieth century. The Property has been covered by a variety of airborne surveys, notably during the 1960s following the discovery of the Kidd Creek mine north of Timmins, when companies explored the area for volcanogenic massive sulphide (VMS) deposits. Major companies including Texas Gulf Sulphur Co. in the late 1970s to early 1980s, Kidd Creek Mines Ltd. from the late 1970s to the mid-1980s, and Falconbridge Inc. from the late 1980s to early 1990s were active Matheson Township.
- More recently, the Porcupine Joint Venture (PJV) between Goldcorp Inc. (51%) and Kinross Gold Corporation (49%) ( now 100% Newmont Goldcorp Inc.) has been very active in the area. Gold became the focus of exploration after the discovery of the Bell Creek, Owl Creek, and Hoyle Pond mines in southern Hoyle Township, to the west of Matheson Township.