Word: copper
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Dates: during 1950-1959
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Beside an ice-blue lake deep in the glacier-scoured hills of central Quebec, spinning diamond drills last week probed and measured a great new underground treasure trove. In Chibougamau, 320 miles north of Montreal, the discovery of a vast deposit of copper ore has set off a lively boom in the wilderness and assured the free world an important new source of a scarce and strategic metal...
Chibougamau* was a long time coming into its own. For more than half a century. Canadian mining men knew of its copper-ore outcroppings, but because of lack of transportation saw no way to mine them at a profit. As late as 1950, when a road finally reached Chibougamau, the town consisted of little more than a rundown general store and a couple of bootleggers who sold illicit liquor to passing trappers. Then, with little fanfare, Campbell Chibougamau Mines Ltd. in 1952 sewed up a U.S. Government contract for its output, the next year started to sink a shaft. Last...
Wealth Under Ice. Diamond-drill crews moved in, soon realized they were atop an ore body of gigantic size. After freeze-up, drillers moved out onto the ice of nearby Dore Lake, traced out rich seams of ore extending deep beneath the lake bed. Last March the newly organized Copper Rand Chibougamau Mines Ltd. announced plans to build a mill to concentrate 5,000 to 7,000 tons of ore a day, and the boom was on in earnest...
Campbell Chibougamau, in production since June 1955, now spews up $1,000,000 worth of ore a month. Four other companies (Copper Cliff Consolidated Mining Corp., New Royran Copper Mines Ltd., Chibougamau Jaculet and Copper Rand) around the rim of Dore Lake are shooting for production next year. The investment already totals $50 million. Dotted over the lonely countryside, some 100 drilling crews are probing the Pre-Cambrian rocks for new deposits or extensions of established finds. Reported Toronto's Northern Miner: "There's no reason to think that the peak of exploration has been reached...
Chibougamau's No. 1 promoter is Randolph Pope Mills, of Montreal, president of New Royran Copper Mines and a major stockholder in most of Chibougamau's other more promising companies. Virginia-born Randy Mills first visited the area in the 1930s, never quite forgot it during subsequent years of promoting Labrador's famed iron mines and the titanium mines at Havre St. Pierre, Que. As he sees it, the boom has just begun. Arrival of the Canadian National Railways' branch line by year's end seems certain to give the bonanza a new lift...