In the field of gold prospecting, Shawn Ryan is a legend. As renowned for his instincts as he is for his unique soil sampling technique, Ryan is credited with almost singlehandedly bringing about the 2009 Yukon gold rush . The prolific prospector is about to do that again, this time in Newfoundland and Labrador.
Together with its larger, landbound cousin, the island province is well known for its world-class geology . The region is home to some of the oldest rocks and fossils in the world , and hosts a wide range of unique and distinctive geological formations. This geologic diversity suggests the presence of extensive mineral resources — both on land and offshore.
The province's history supports this assertion. Mining is one of the oldest and largest industries in Newfoundland , representing roughly 5.5 percent of its gross domestic product in 2019. Second in iron production to Quebec, Newfoundland and Labrador currently operates 11 mines, which between them produce 14 metal and non-metal commodities.
For further details see:
Newfoundland: Why the Maritime Province Could be a World-class Gold Mine of Untapped Resources