The federal government will spend an additional $10 million over two years on geological maps and surveys in Canada’s north in an effort to stimulate exploration and development.
The funding is part of the Targeted Geoscience Initiative (TGI), a 3-year, $15-million program that began in 2000.
Natural Resources Canada (NRCan), through the Geological Survey of Canada, is carrying out the project in partnership with provincial and territorial agencies, industry and post-secondary institutions.
“Geoscience information provided by NRCan and its partners is essential to the discovery of mineral and energy resources and is a key contributor to the success of private-sector exploration,” says Herbert Dhaliwal, minister of Natural Resources Canada.
TGI projects integrate geological, geophysical and geochemical studies in regions with potential for mineral and energy resources. The information is then distributed via the Internet.
The initial TGI funding helped find the Joss’alun base metal discovery in British Columbia and the Lucky Joe copper-gold project in Yukon, as well as further diamond exploration in Quebec and Ontario.
New projects include surface mapping of Labrador’s Central Mineral Belt, and geoscience studies for petroleum resource potential off the Bowser and Sustut basins in northern British Columbia.
Be the first to comment on "Feds to spend $10m to boost Arctic mining"