News Releases

News Release - Manitoba

November 21, 2008

PROVINCE PROVIDES NEW FUNDING FOR GEOLOGICAL MAPPING IN MANITOBA'S FAR NORTH



Manitoba’s northernmost region will gain some competitive advantages in the area of mineral exploration as a result of $1.5 million in new funding for provincial geological mapping, Science, Technology, Energy and Mines Minister Jim Rondeau announced today.
 
“Up-to-date geological maps and information are recognized internationally as key competitive advantages so it is important that we profile our geological potential to attract mineral exploration and development investment,” said Rondeau. “The new northern initiative by the Manitoba Geological Survey will provide $1.5 million over three years for work in this logistically challenging region.”
 
The main objective of the proposed program is to stimulate and support mineral exploration in a part of Manitoba where exploration activity is currently low and mining is the only viable industry.
 
The area being mapped is north of 58 degrees, 30 minutes latitude and has demonstrated potential for gold, base metal, uranium, platinum and group element deposits. As well, there is potential for diamond deposits which are known to occur in adjacent Nunavut and Ontario.
 
Manitoba’s investment in geological mapping in the far north is being matched by co-ordinated studies funded by the federal government.
 
“Partnering with the Geological Survey of Canada on this initiative doubles the amount of information we are able to provide to geoscience users,” said Rondeau. “In addition to mineral exploration companies, First Nation communities in the far north will have access to the best new information available for land-use planning.”
 
Rondeau noted Manitoba is viewed by the world’s mining industry as a good place to do business. Up-to-date, easily available geological information together with the province’s favourable mining policies play a large part in attracting mining companies from around the world.
 
- 30 -