Vermillion Gold is a Minnesota based mineral exploration company focused on discovery of gold deposits in northern Minnesota’s highly prospective but underexplored Vermilion Greenstone Belt. The company has assembled 5,227 acres of mineral leases covering four target areas with known gold mineralization discovered during the 1980s when rapidly appreciating commodity prices led to a brief world-wide mineral exploration frenzy.
A Minnesota Gold Rush?
In recent year’s more than 15 million ounces of gold resources have been discovered in greenstone belts that straddle the Minnesota-Ontario border. These discoveries have attracted the attention of junior and major gold companies and thousands of acres of mineral leases in northern Minnesota have been acquired for gold exploration. Fortunately, Vermillion Gold was the first company to recognize the greenstone belt’s potential and acquired substantial lease positions on several of the best target areas.