30 June 2015
YELLOWKNIFE (June 30, 2015) – The Government of the Northwest Territories (GNWT) will support 12 mineral exploration projects in the North Slave and Sahtu regions this year. These include diamond and gold exploration projects led by both prospectors and exploration companies in the Slave Geological Province, and a silver – IOCG (iron oxide – copper – gold) project southeast of Great Bear Lake. The latter project is being conducted by DEMCo Limited Partnership, a fully-owned company of Yellowknife-based Denendeh Investments Incorporated.
“We know our territory is rich in minerals, but we are still under-explored,” said David Ramsay, Minister of Industry, Tourism and Investment. “Prospecting maximizes the return on our investment through innovative and effective exploration. We are open for business with socially responsible companies that are willing to work with us to maximize the benefits for all northerners.”
The funded projects are: