Northumberland to take another look at old mine

The decision to go underground once again in the Goldenville district of Nova Scotia — probably the first real boom gold camp in Canada, starting in 1860 — should be made late this month, according to Northumberland Mines President William L. Young.

This Toronto-listed company holds a 100%-interest in a large ground position in the area which was the largest gold producer in Nova Scotia up until 1941 when the Guysborough mine was mothballed.

Should the board of directors agree to finance an underground exploration program at the Guysborough mine, access to the lowest workings in the Stewart mine shaft area could be gained by February, according to Young.

All the necessary applications for approval from the provincial government have been made. And the company has about $1 million it could allocate for such a program.

Northumberland, which had its annual meeting in Toronto this week, also has two other potential mines in the Maritimes.

Production should start “this time next year” at Murray Brook in northern New Brunswick, near Bathurst and joint-venture partner Inco Ltd. is expected to make either a production or a thanks-but-no- thanks decision on the Cochrane Hill property in Nova Scotia by the end of January.