Companies consider mining for gold in Wisconsin - JSOnline:
There's gold in Marathon County, and a Michigan-based company is returning to the woods this winter for more prospecting in the hope of striking it big.
As mining has taken a higher profile in Wisconsin in 2011, mineral exploration company Aquila Resources Inc. has quietly become the most active player in the state.
Make no mistake about it. These are not gold rush days for Wisconsin, and the state is far from a hotbed of metallic mining.
The most visible mining company, Gogebic Taconite of Hurley, has put plans on hold for a $1.5 billion iron ore mine until lawmakers advance more favorable environmental regulations.
But with global demand for minerals rising - and gold's attraction in uncertain times - there has been a revival in interest in Wisconsin.
Aquila Resources, incorporated in Canada and with offices in Menominee, Mich., is evaluating three sites in central and northern Wisconsin.
Also, with a Canadian partner, Aquila is close to making a formal application to mine gold on land next to the Menominee River in the Upper Peninsula, bordering Wisconsin's Marinette County.
Aquila's most significant project in Wisconsin involves the "Reef" deposit in the Town of Easton, east of Wausau in Marathon County - part of a known belt of gold, silver, copper, zinc and other minerals.
'via Blog this'
