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As Saskatchewan moves forward into more of a leadership role in the mining industry, exploration is rapidly becoming an important expenditure.
Why is exploration such a crucial step in mining? The purpose of exploration is to locate large reserves of high-grade minerals while disturbing the environment as little as possible.
This is being made possible through the implementation of new technologies such as GPS surveying, down-hole seismic imaging and airborne technologies. These tools allow exploration companies to find new deposits that would probably not be found by using traditional methods. As with research and development, exploration is a field that requires strong investment levels in order to achieve long-term success.
According to a 2011 report by the Mining Association of Canada, without sustainable and effective exploration, Canadian mineral production will outstrip reserve additions. This would mean that smelters and refiners across the country would be forced to rely on imported raw materials, placing the domestic mining industry at risk, both competitively and strategically.