GNWT gives $1 million to subsidize mining exploration

(Photo retrieved from Pexels).

Nineteen mining exploration projects recently got a helping hand from the Government of the Northwest Territories.

The GNWT announced it handed out just under $1 million through its Mining Incentive Program this year.

The majority of that money, about $800,000 went to mining corporations and the rest to individual prospectors.

One of the corporate recipients include Pine Point Mining, which got the maximum $200,000 for lead and zinc exploration in the South Slave.

The second highest recipient was Margaret Lake Diamonds, which got $160,000 for exploration at its Diagras property near Lac de Gras, close to the Diavik and Ekati mines.

As for individual prospectors, the maximum they can receive is $25,000. Most of them were for gold or diamond projects in the North Slave region.

Here’s the full list of recipients.

About the Author

Francis Tessier-Burns
Francis has been a general news reporter with CKLB since January 2019. Originally from rural Ontario, he first came to the NWT in 2016 as an intern with Up Here magazine and fell in love with the North. In his time with CKLB, he's had the immense pleasure and honour of learning about northern Indigenous cultures. Otherwise, you can find him hanging around the Legislative Assembly. If you have a story or want to chat, reach out to francis@cklbradio.com