McFaulds Lake

Location of McFaulds Lake in Ontario

McFaulds Lake is a lake located in the Unorganized Part of Kenora District in northwestern Ontario, Canada.^[1] It is part of the James Bay drainage basin and is in the Hudson Bay Lowlands area. The primary outflow is Chrome Creek, which joins the Attawapiskat River, which itself flows to James Bay.

Geology

McFaulds Lake is at the centre of the Northern Ontario Ring of Fire,^[2] a region of geological activity which has left a rich source of minerals, including nickel, copper, platinum, palladium, chromite, vanadium, diamond and gold, buried beneath the muskeg.

Mining interests

The area near the lake has attracted the attention of junior mining exploration companies. Since a 2002 investigation of the area, some 20 companies have staked claims, forming joint ventures (JV). While efforts are still in the exploration phase, there have been some finds.

First Nations

First Nations communities in Northern Ontario are involved in the mining exploration. These communities include the Webequie First Nation^[3] and the Marten Falls First Nation.

References