Grandview Gold Inc. (GDVGF), a development-stage mining company headquartered in Toronto, recently shed light on various mining properties. Grandview Gold is focused on aquiring, exploring, and developing high grade gold properties in the US and Canada, and currently has 3 properties to meet such goals. These mining interests are located in the major gold districts of Red Lake, Ontario and Carlin Trend, Nevada, as well as in the emerging Rice Lake District in Manitoba.
The Carlin Trend: Located in Nevada, this area is the richest gold producing region in the United States, and the second richest gold district in the world. The Carlin Trend has produced over 20 million ounce gold deposits, which is more than all gold reserves located in Russia and China combined. The entire Carlin Trend is believed to contain more than 200 million ounces of gold, worth about $50 billion at today’s market price.
The Red Lake Gold Mining District: Located in northwestern Ontario, this area is the most prolific gold-producing region in Canada. Since the first mining exploration here, the Red Lake District has yielded over 30 million ounces of gold. These deposits are worth more than $20 billion at today’s prices.
The Rice Lake Gold District: Located in Manitoba, this location is an emerging gold district. Because the Red Lake and Rice Lake Mining Districts share many geologic features, they are both said to feature similar gold deposits.
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