| The total budget for the
Junior Exploration Assistance has been increased to $1.9 M
this year. This funding is designed to defray 50% of approved
eligible costs, to a maximum of $100,000 per undertaking on
the island and $150,000 per undertaking in Labrador, on
advanced mineral exploration projects by individuals or junior
mineral-exploration/mining companies registered to do business
in the province.
We are modifying the $1.9-million junior exploration
assistance component to include, for the first time, a
$500,000 allocation specifically for grassroots exploration.
This is a critical part of the exploration cycle and will
include both ground and airborne geophysical surveys and
regional geochemical surveys.
|
(pdf - 170kb)