The Outpost Island Mine was a gold

Gold

Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

 and tungsten

Tungsten

Tungsten , also known as wolfram , is a chemical element with the chemical symbol W and atomic number 74.A hard, rare metal under standard conditions when uncombined, tungsten is found naturally on Earth only in chemical compounds. It was identified as a new element in 1781, and first isolated as...

 producer 94 kilometres southeast of Yellowknife

Yellowknife, Northwest Territories

Yellowknife is the capital and largest city of the Northwest Territories , Canada. It is located on the northern shore of Great Slave Lake, approximately south of the Arctic Circle, on the west side of Yellowknife Bay near the outlet of the Yellowknife River...

, Northwest Territories

Northwest Territories

The Northwest Territories is a federal territory of Canada.Located in northern Canada, the territory borders Canada's two other territories, Yukon to the west and Nunavut to the east, and three provinces: British Columbia to the southwest, and Alberta and Saskatchewan to the south...

 on an island of Great Slave Lake

Great Slave Lake

Great Slave Lake is the second-largest lake in the Northwest Territories of Canada , the deepest lake in North America at , and the ninth-largest lake in the world. It is long and wide. It covers an area of in the southern part of the territory. Its given volume ranges from to and up to ...

. Gold was discovered here in 1935 by prospectors, and some development was undertaken in 1936-1938. Tungsten ores became valuable during World War II

World War II

World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

, so the owners (Slave Lake Gold Mines Limited) investigated the tungsten possibilities of the mine. It produced small amounts of gold, copper, and tungsten during 1941-1942, and then again in 1951-1952 during the Korean War

Korean War

The Korean War was a conventional war between South Korea, supported by the United Nations, and North Korea, supported by the People's Republic of China , with military material aid from the Soviet Union...

. It was a small deposit and was not considered economic because of unpredictable tungsten market prices in the 1950s.