Red Lake Interview

February 2009

Allen Alper Jr.: This is Al Alper Jr. with Metals News. I'm here with Phil Vinet, Mayor of Red Lake, Ontario, Canada. Could you give us a little background on Red Lake and its history, Phil?

Phil Vinet: Red Lake is a world-class high-grade gold district. We've been mining gold since 1926, and each day, they appear to find more and more gold, distributing high grades. Right now, we have one producing gold mining company which is Gold Corp. We have their flagship property, located right in Red Lake, both the Campbell and Red Lake complexes.

And I believe they're producing upwards of 700,000 ounces a year. They employ over 1,000 people, so, Goldcorp is Red Lake and Red Lake is Goldcorp. That's the way we look at it. It's real time. We've probably had 25 producing goldmines in the last 80 years. And gold mining in Canada is synonymous with Red Lake, and that’s all I can say about the gold industry.

Phil Vinet: Rubicon and Claude Resources are there. Some of the others are Premier Gold, Cyprus Development, Hy Lake Gold; those are the ones that come to mind immediately. As long as gold maintains its current price, or perhaps even climbs, I think we're going to see continued interest in the Red Lake gold camp. We’ll always be ready to serve them.

Allen Alper Jr.: Well, there're a lot of people who are saying that gold is continuing to climb.

Phil Vinet: Yeah, I think we‘re listening to the world economic leaders, and we like hearing what they're saying.