The provincial government is accepting applications as part of a new mineral exploration incentive which aims to create jobs in northern Saskatchewan mining communities.
The Targeted Mineral Exploration Incentive is offering a rebate of 25 per cent of eligible direct drilling costs, up to a yearly maximum of $50,000, per company on a pro-rated basis.
The incentive is to encourage base metal exploration in the Creighton-Denare Beach area.
The region has a long history of base metal mining and processing.
“As part of the Mineral Development Strategy announced in the 2017 Speech from the Throne, this incentive will help generate jobs in our northern and rural mining communities,” Energy and Resources Minister Bronwyn Eyre says in a released statement. “The drilling activity this stimulates is expected to lead to new discoveries that will grow and diversify Saskatchewan’s mining sector.”
This past summer, airborne magnetic, gravity gradient and electromagnetic surveys were conducted in the Flin Flon and Creighton areas using Mineral Development Strategy funding.
This year, up to $750,000 is being provided to qualified companies.
Saskatchewan has been ranked as one of the best jurisdictions for mining investment in the world.
(Photo courtesy saskatchewan.ca.)