Explorers Rule Canada’s Next Great Mining District: Unveiling the Underdog Players in the Trans-Hudson Corridor
Sprawling more than 2,000 kilometers across the spine of the U.S. and eastern Canada, the Trans-Hudson Corridor is one of the most exciting, and underappreciated, regions in mining today. A robust mining history dating back 150 years, prolific (and diverse) geology, and highly supportive jurisdictions are only some of the reasons that explorers are increasingly setting up operations in the massive mining belt.
The Trans-Hudson in the coming years can cement its name along other Canadian greats, such as Ontario and Quebec’s Abitibi Greenstone Belt, British Columbia’s Golden Triangle, and Ontario’s Red Lake District. It offers a rare opportunity for investors to leverage a rich history as a catapult to a bright future for Canada’s next great gold district.
By its land package, the Trans-Hudson Corridor is considerably larger than all three aforementioned mining regions combined and, as such, remains grossly underexplored. It runs from the famous Homestake Mine in South Dakota, straight up into Saskatchewan before making a hard right and continuing through Manitoba, Hudson’s Bay, and northern Ontario and Quebec. To put that in perspective, if it were a straight line, it would cover a large portion of the eastern U.S., running from Toronto, Canada to Miami, Florida.
Long History
In the late 1870’s discovery of high-grade gold in the Black Hills of South Dakota and further north near Flin Flon, Manitoba could be considered as the kick starters for significant mining activity in the region. Early in the 20th century, world-class deposits of zinc, copper, and nickel undergirded mines opening in Flin Flon, becoming some of the largest base metal operations in Canada, as gold, ironically, became a secondary metal in the area.
Gold has always remained in the spotlight in the Trans-Hudson Corridor, from its historic mines to major discoveries like Snow Lake in the 1980s. This legacy, paired with the vast geological potential of the belt, fuels excitement for future exploration and development. Rising commodity prices are driving a renewed focus on copper, nickel, and precious metals, opening promising new chapters in the Trans-Hudson's mining story.
World-Class Regulators
The Trans-Hudson Corridor attracts miners with its open arms of resource potential. Saskatchewan boasts the top ranking in the Fraser Institute's mining jurisdiction survey, while Manitoba follows closely behind, offering competitive tax rates and streamlined permitting processes. This duo creates a fertile ground for responsible mineral exploration and development, attracting companies seeking a smooth path to bringing riches from the earth to the surface.
Flin Flon a Hotbed; the Players to Know
Players of all sizes represent outsized opportunities in the Trans-Hudson Corridor. These include Fathom Nickel (CSE: FNI) (OTCQB: FNICF), SSR Mining (NASDAQ: SSRM)(TSX: SSRM), SKRR Exploration (TSX-Venture: SKRR), and Hudbay Minerals (NYSE: HBM)(TSX: HBM).
A closer look reveals a distinct trend; mining companies are increasingly focusing on projects clustered around Flin Flon, Manitoba. Imagine Flin Flon as the center of a clock. At roughly the 9, 10, and 11 o'clock positions lie established gold mines like Snow Lake, Seabee/Santoy, and MacLellan, operated by industry giants. This is the company Fathom Nickel aspires to join one day. Their Gochager Lake nickel project sits strategically 50 miles west of the Seabee mine, while their flagship Albert Lake nickel project is just a stone's throw away from Gochager.
While those gold mines dot the landscape, they are obviously not all the region has to offer, not by any stretch. Rising electric vehicle demand fuels the need for nickel, and Flin Flon boasts proximity to established mines and infrastructure - a perfect launchpad for Fathom Nickel's strategically located projects to unlock this valuable resource.
Fathom Nickel is launching a diamond drilling program at their Albert Lake project, specifically targeting the Tremblay-Olson Showing area. This site, just 2.5 kilometers from the legendary Rottenstone Mine, holds promise for a reason. Rottenstone, initially dismissed as a colorful 30-foot outcrop on the lake shore, surprised everyone by producing 7,700 tons of concentrate yielding 8.6% nickel 5.6% copper and an amazing 24.1 g/t combined palladium+platinum+gold from a small mining operation spanning 1965-1969. Fathom Nickel is hoping to replicate that success and rewrite the Flin Flon story, one core sample at a time.
SSR Mining is a household name in the Trans-Hudson Corridor. The company owns the famous Seabee Gold Mine on the southern side of the corridor as it turns east in Saskatchewan and has not been shy about buying smaller companies to grow its position in the region. In 2022, SSR Mining bought the CSE-listed upstart explorer Taiga Gold Corp. to gain control of Taiga’s 100% interest in the Fisher property contiguous to its Seabee/Santoy underground mine. The acquisition complemented SSR’s 2016 acquisition of Claude Resources, with the main prize being the Amisk gold/silver project 140 kilometers to the southeast outside of Flin Flon.
SKRR is a precious and base metal explorer with properties in Saskatchewan with a primary focus on the Trans-Hudson Corridor in search of world class uranium, precious and base metal deposits. In December, SKRR entered into a letter of intent with X1 Entertainment Group Inc. (CSE: XONE), whereby SKRR and X1 will negotiate and settle the terms of a definitive acquisition agreement for X1 to acquire a 100% interest in SKRR's wholly owned Manson Bay gold project located 40 kilometers northwest of Flin Flon.
Hudbay Minerals is the third-largest copper producer in Canada. According to its website, the company is looking to Manitoba’s Snow Lake region for integrated future growth. Its Lalor mine (gold, zinc, copper, silver) in Snow Lake is a low-cost gold producer and target of active exploration testing down-plunge gold and copper extensions.
Overall, the Trans-Hudson Corridor presents a unique confluence of factors that make it an exciting region for the future of mining. With its known mineralization, diverse mineral potential, emerging technologies, supportive jurisdictions, and growing demand for critical minerals, the corridor has the potential to be a major contributor to the global mining industry and the next chapter in Canada’s long and storied mining history.
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Fathom Nickel Inc. (CSE:FNI) (OTCQB: FNICF) Full Corporate Write-Up: Click Here.
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