Mine exploration around Flin Flon is about to get a boost, courtesy of the federal and Saskatchewan governments. A joint venture between the two sides will provide a total of $2 million in funding for aerial exploration and incentives for junior mining companies.
Under the program, Saskatchewan’s provincial government will spend $1 million on a geophysical survey of the area around Flin Flon, Creighton and Denare Beach. A budget proposal for other parts of the project is in the planning stages.
The surveying will be done jointly by the Geological Survey of Manitoba and the Geological Survey of Canada and Natural Resources Canada. Work on the project is expected to begin before early March.
Along with the aerial survey, both the provincial and federal governments will begin an incentive program for junior mining companies undergoing exploration in northern Saskatchewan.
“The strategy will include both a geoscience component and an incentive program targeted at junior companies who are exploring for base metals, precious metals and diamonds in a specified region of high mineral potential,” read a statement from a spokesperson from the Saskatchewan Ministry of Economy.
“A key focus of the geoscience program is the area west and southwest of Creighton [and] Denare Beach which is a highly prospective area for base metals.”