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As the worldwide deficit in zinc production grows, several zinc-lead mining projects across northern Canada await construction of access arteries needed to deliver their ore to market. The projects are among the world’s most attractive and represent a base metals treasure trove coveted by would-be developers and end users alike.
Recent funding from the Canadian government and other public and private sources could unlock the floodgates to critical infrastructure development needed to spur base metals mining in Northwest Territories and Nunavut.
In mid-August, the Government of Canada, two territorial governments and the Kitikmeot Inuit Association agreed to commit more than C$60 million to the Slave Corridor Project, an initiative aimed at kickstarting development in the mineral-rich and underdeveloped Slave Geological Province, with construction of new roads and a deep-water port.
In the Northwest Territories, the funding includes C$40 million to support environmental and regulatory reviews for a road from Highway 4 to Lockhart Lake; planning of road design and alignment from Highway 4 to the Nunavut Border; and planning studies for the Slave Geological Province Corridor to make the road project shovel-ready. Transport Canada agreed to contribute C$30 million under the National Trade Corridors Fund (NTCF), while the NWT government committed C$10 million.
In Nunavut, Transport Canada committed C$21.5 million from NTCF to complete preparatory work necessary for the first phase of construction of the Grays Bay Road and Port Project, which would support mineral development in the Nunavut portion of the Slave Geological Province.
For the rest of this article: https://www.miningnewsnorth.com/story/2019/10/01/news/northern-zinc-rich-projects-get-boost/5934.html