 The mine has changed ownership four times in the past 20 years.The Caribou deposit is a volcanogenic massive sulphide (VMS) deposit rich in lead, zinc, copper, silver and gold.Breakwater Resources owned the Caribou mine from 1995 until 2006, when the operation was taken over by Blue Note Metals Inc.

Blue Note Caribou Mines Inc. filed for bankruptcy in the summer of 2009.