Ontario Invests In Mineral Development Study
Funding to Help Determine Mineral Development Potential in Atikokan Area
THUNDER BAY - The Ontario government is helping to strengthen Northwestern Ontario's economy by investing in a study that will help determine the mineral development potential in the Atikokan area, Northern Development and Mines Minister Rick Bartolucci announced today.
"Our government is committed to helping the North take advantage of new exciting opportunities particularly in economically challenged communities such as Atikokan," said Bartolucci. "This mineral development study has the potential to generate significant long term economic activity in the Atikokan region."
The Northern Ontario Heritage Fund Corporation (NOHFC) is providing $50,000 to help the Township of Atikokan determine the type of geological survey and technology best-suited to establishing the mineral development potential of the area. The reserve lands of area First Nations participating in this project will also be included in geological survey work.
"Our government, through the NOHFC, is supporting a number of mining and mineral exploration initiatives reaffirming our province's standing among the world's most inviting mining jurisdictions," said Bartolucci, who is also chair of the NOHFC. "The proposed study area has a recognized endowment of small, high grade gold deposits and this project could open the door to new mining opportunities."