Tag Archives: Ring of Fire

HUG & ABORIGINAL RENEWAL 2

ABORIGINAL RENEWAL

ABORIGINAL CONCERNS
ABORIGINAL CONCERNS

 We can start an aboriginal renewal under the Aboriginal Loan Guarantee Program for the HUG. Aboriginal communities will be eligible for loan guarantees for assistance of up to 85% of total eligible economic development costs. These communities may offer land as cash in kind as part of their investment.

ABORIGINAL TOURIST, HUNTING AND FISHING CAMPS WITH ELECTRICITY

The Federal Aboriginal Loan or Grant for Industrial Development of Native Reservations for a pilot energy project:

  1. On the St. Charles River on the Wendake Reservation.
  2. With Native Communities near Fort McMurray: People of the Lower Athabasca
  3.  Electricity for the Ring of Fire Mining Companies 
  4.  Nemiscau
  5. Attawapiskat
  6. Notakwanon River

The Nation Huronne-Wendat may wish to offer the value of the land, on which the project is operating, as cash-in kind, as part of their contribution to the funding sources.

The most important consideration is cost: $885/kW is unusually low compared to most other hydro electric generation systems. In 2009, Hydro-Quebec cost for 4500 MW was $5,100/kW. See the comparison chart below.

Presently no patents exist to capture energy from fast moving rivers up to now. The Power Density of any pilot projects designed to capture energy from tides is 2.4 to 6.9 kW/m2. The reason for the low efficiency is that the flow of a current treats all these turbines as obstacles to be avoided. The HUG Power Density is an unbelievable 73 kW/m2. The Power Density increases to the cube of the velocity and the HUG velocity is four to five times faster than the competition.

HUG & ABORIGINAL RENEWAL
THE MICRO HUG

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RING of FIRE POTENTIAL 2

RING OF FIRE ENERGY COMING

The Ring of Fire Potential will come down to one factor, which will make or break any prospects: Hydro Electricity, which is not expensive. We cannot build massive dams in remote areas at a low cost.

Enter the HUG!

Ring of Fire
RING of FIRE

Noront Resources alone spent $19 million in 2009. One industry analyst suggests that the six companies drilling in the area will spend around $250 million over five years on exploration. Since site access is by fixed-wing aircraft and helicopters, the budget for transportation is huge. Noront was exploring for nickel, platinum and palladium at its Eagle’s Nest project in north-eastern Ontario.
Freewest Resources Canada Inc. stumbled upon an even more plentiful material, chromite, on a 3-square-kilometre piece of land smack in the middle of wetlands and bush.

A counter offer was made by Cliffs Natural Resources Inc., the largest supplier of iron ore to North America. Cliffs won. U.S.-based Cliffs also owns part of KWG Resources Inc.

Canada Chrome is a subsidiary of KWG Resources Inc., one of the companies involved in the $1.5 billion development, which includes an $800-million mine scheduled to go into production by 2015. Canada Chrome will operate the mine and build a 350-kilometre long haul railway capable of moving four-million tons of ore a year from McFauld’s Lake to Nakina.

Today, the roll call of companies in the area is impressive: Metalex Ventures Corp., Canadian Orebodies Inc. (Don McKinnon of Hemlo gold discovery fame and his son Gordon), East West Resources Corp., Mill City Gold Corp., MacDonald Mines Exploration Ltd., Probe Mines Ltd. Temex Resources Corp.and Diamondex Resources Ltd. to name a few of the 100 plus.

The Freewest Black Thor chromite prospect has an estimated 2 km strike length.

James Bay Sites FISHING HUNTING AND TOURIST CAMPS
FISHING HUNTING AND TOURIST CAMPS

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