The advent of winter prevented any prospecting from being conducted, but work in the summer of 1936 led to the discovery of numerous gold veins.
Geologically, the Con Mine is located within the Kam Group which is part of the Yellowknife greenstone belt.
The company built a number of dwellings for families while single men stayed in long bunkhouses and ate in a cookhouse.
[11] An increase in gold prices in the 1970s led to the expansion of the Con Mine, including a deep new shaft.
[14] The defunct mine's deep shafts posed the possibility of extracting geothermal energy for heat generation free of greenhouse gases.
[15] A Memorandum of Understanding signed between the City of Yellowknife and Corix Utilities in June 2011 gave new impetus to the project.
"Miramar Northern Mining, the company that is remediating the Con site, says it plans to begin the demolition right away.