The agreements are meant to determine whether there’s any valuable materials to be extracted at former mine sites in Lake George and Nigadoo.
Companies to assess value of former mine sites in Lake George, Nigadoo
Savannah Awde · CBC News
· Posted: Oct 27, 2026 4:57 PM EDT | Last Updated: 1 hour ago
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Natural Resources Minister John Herron says there has been more interest in mining in the province, speaking to reporters at the annual Exploration, Mining and Petroleum Conference. (Aniekan Etuhube/CBC)
There’s a saying in the mining industry, according to Alden Greenhouse, that the best place to find a mine is near the headframe of an old mine.
The Avenir Minerals CEO says an exploration agreement with the province, announced Tuesday, will aim to find out whether that’s true at an old mine site in Lake George — about 30 kilometres southwest of Fredericton.
“We’re pretty confident,” Greenhouse said, speaking to reporters at the province’s annual Exploration, Mining and Petroleum Conference on Tuesday.
“We wouldn’t have entered into this agreement if we didn’t expect there to be something there.”
That deal with Avenir is the second exploration agreement the province has announced in as many days.
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