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The northern Manitoba city of Thompson could be home to a new mining mega-development from Vale, which is exploring minerals deep underground.

News of a potential big development is being cautiously welcomed in Thompson, which was devastated by news in 2010 that Vale — the city’s largest employer — would shut down its nickel smelter and refinery there by 2015.

Vale is currently testing ore samples in a project area it calls 1-D, about 3,800 to 4,200 feet underground in the company’s T-3 mine shaft.

Preliminary testing in 1-D shows a deposit rich in nickel and copper deposits and also containing some cobalt and precious metals.

Read more at: http://www.cbc.ca/news/canada/manitoba/thompson-s-future-looks-up-as-vale-studies-mine-potential-1.2437647