YELLOWKNIFE (November 26, 2014) – World-class geoscience information will be made available to the public through the Government of the Northwest Territories’ (GNWT) plans to build a Geological Materials Storage Facility.
The GNWT geological collection includes approximately 12,000 mining industry drill core boxes and thousands of rock, stream sediment, lake sediment and glacial till samples from field research programs and donated industry collections. Historic documents from mining properties and advanced mineral exploration projects also form part of the GNWT collection.
Minister of Industry, Tourism and Investment David Ramsay made the announcement at the 42nd Annual Geoscience Forum.
“This collection has tremendous value, both financially and in terms of the knowledge it contributes to exploration, mining and reclamation projects – now and in the future,” said the Minister. “It forms a reference library that has been obtained over decades and will be an excellent resource for industry and the public.”
The facility will provide valuable information to prospectors and exploration companies that can lower their costs, instill investor confidence in projects and reduce the environmental footprint of exploration.
Minister Ramsay stated this is an exciting time for minerals and petroleum development in the NWT, specifically in a post-devolution climate.
Supporting responsible resource development is one way the GNWT is working to create a strong, prosperous and sustainable NWT that provides opportunities for residents and business alike. The development of a Geological Materials Storage Facility aligns with the NWT Mineral Development Strategy and contributes to realizing the vision of the 17thLegislative Assembly.
Senior Communications Officer
Industry, Tourism and Investment
Tel: (867) 920-3343