Saskatchewan’s Targeted Mineral Exploration Incentive is leading to increased drilling activity for base metals, precious metals and minerals in a defined target area near Creighton. A government release states this is creating tangible opportunities for future mining investment in the province.
Seven successful applications were received for the 2018-19 incentive program indicating a total of 110 new drill holes and proposed expenditures of more than 6.5 million dollars in the eligibility area. Eligible companies will received a grant of up to 50 thousand dollars per year for drilling in the targeted area. Two projects mentioned include the Janice Lake copper project and MAS Gold Corp in the La Ronge Green Belt.
In addition to the Targeted Incentive the Mineral Development Strategy increases the number of airborne geophysical surveys targeting an area of base metal potential west and southwest of Creighton, Flin Flon and Denare Beach and ground based geological investigations in northeast Saskatchewan by the Saskatchewan Geological Survey.