The acquisition of the Midway property by Northern Star Mining Corporation was made with consideration of the stable political and economic conditions that exist in Canada. Furthermore, Canada has a long history of gold production. The Abitibi gold belt has produced a significant amount of gold and has been ranked amongst the lowest cost per ounce production area in the world.
The area is mining friendly, with qualified personnel at the ready, and benefits from rules and regulations aimed at stimulating the mining industry (see information on Quebec). The positive factors inherent in the Midway project more than meets the primary objective established by the Company's experienced management team: to acquire and explore gold and base metal projects in proven mining areas with the potential of becoming revenue-generating mines.
Backed by an experienced group of 'hands-on' mining professionals with an acknowledged expertise in all aspects of the industry, and with a advanced gold project in a prolific gold producing region, Northern Star Mining is well positioned for achieving significant growth, as markets move back to production-feasibility levels.
Since the acquisition of the Midway project there has been plenty of activity in the area that supports Northern Star's decision to focus its exploration and development activities within the region. Significant news in the area can be found in the recent developments section of the website, which details such news as the million ounce-plus Lapa gold deposit of Agnico-Eagle Mines. (Incidently, Northern Star's regional strategy means that the Company now has a significant number of mineral claims adjacent to this prominent new discovery - see claim map).
