restarting the operations. The effort failed due to low metal prices at the time and the company filed for bankruptcy. Darnley Bay Resources Ltd. purchased the project for $8 million in December 2016 and hired about 20 staff in neighbouring communities for exploratory drilling and line cutting. The company is expected to invest $154 million into the mine and would employ 320 workers at full capacity. The company highlighted cost savings from the nearby highway and railroad constructed previously for the mine in 1980s as well as the electricity generated from the hydroelectric project from Taltson River. Geology The Pine Point deposit is a carbonate hosted lead-zinc ore deposit (Mississippi Valley Type deposit). It consists of a series of more than 80 bodies of lead-zinc mineralization distributed along a trend about long by about wide. The ore is localized in solution-collapse (karst) structures where sulfide minerals preferentially replaced some of the carbonate host rocks, dolomite and limestone), of the Presqu'ile Formation. Minerals present include galena, sphalerite, marcasite, pyrite, dolomite, calcite, sulphur and bitumen. The sulfide minerals were probably deposited by hydrothermal fluids that rose along an underlying shear zone. References Bérubé, Y. (1972). An Engineering asse[s]sment of waste water handling procedures, at the Cominco Pine Point mine final report. Laval, Quebec: Centre de recherches sur l'eau, Universite Laval. Deprez, P. (1973). The Pine Point Mine and the development of the area south of Great Slave Lake. Winnipeg: Center for Settlement Studies, University of Manitoba. Evans, M. S., Klaverkamp, J. F., & Lockhart, L. (1998). Metal studies of water, sediments and fish from the Resolution Bay area of Great Slave Lake studies related to the decommissioned Pine Point Mine. Saskatoon, Sask: National Hydrology Research Institute. Norris, A. W., & Uyeno, T. T. (1998). Middle Devonian brachiopods, conodonts, stratigraphy, and transgressive-regressive cycles, Pine Point area, south of Great Slave Lake, District of Mackenzie, Northwest Territories. Ottawa: Natural Resources Canada. Pine Point Mines Limited. (1978). Zinc/lead mining at Pine Point, N.W.T. Pine Point, N.W.T.: The Mines. Wilson, J., & Petruk, W. (1985). Quantitative mineralogy of Pine Point tailings. [Ottawa?]: CANMET, Energy, Mines and Resources Canada. External links A web documentary about the town of Pine Point was produced in 2011 by the National Film Board of Canada and The Goggles 1926 Ted Nagle and the Pine Point Discovery NWT Historical Timeline, Prince of Wales Northern Heritage Centre Former residents of Pine Point have