Risk and valuation analysis of the MCMILLAN Project |
Status Risk : Past producer |
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Location of the MCMILLAN Project |
McMillan Gold Mine claims which comprise 34 unpatented mining claim units in Mongowin and McKinnon townships, located approximately 14 kilometres south of the town of Espanola, Ontario on the north shore of House Lake.
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History of the MCMILLAN Project |
In 1910, prospector A. Heard sunk a 12 ft test pit on gold-bearing veins found on the north-shore of House Lake. Sinking commenced on the original McMillan mineshaft in 1927. The shaft bottomed at 900 feet and 7 levels were cut, all of which found go more...
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Geology of the MCMILLAN Project |
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The claim group is underlain by Gowganda formation and Lorraine formation metasediments of the Cobalt Group – upper members of the Huronian Supergroup. At the mine site, outcrops of Gowganda are steeply dipping and comprise quartzites (with some cong more...
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