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Griffith Mine History
The Griffith Property was originally staked in 1953 by L. Dempster, J. Dempster and A. C. Mosher, employees of a syndicate managed by Calmor Mines Limited. Iron Bay Mines Limited was formed in February 1954 and acquired the Griffith Property. An option agreement between Iron Bay Mines Limited and the Cleveland-Cliffs Iron Company in 1959 resulted in the undertaking of a joint venture program, at least until 1960.
The Griffith Property was optioned in 1963 to Taconite Lake Iron Co. Ltd., a subsidiary of Pickands Mather & Co. This option, on behalf of Pickands Mather & Co. and Stelco gave Pickands Mather & Co. exclusive rights for a two year period to explore and evaluate the Griffith Property. Taconite Lake Iron Co. Ltd. exercised its option on April 27, 1965, acquiring a 75-year lease on all mining lands held by Iron Bay Mines Limited in the Bruce Lake area.