August 26, 1999
(Mines and Energy)
Mineral Exploration Program continues with success
Roger Grimes, Minister of Mines and Energy, today announced more projects
that are benefitting from the new Mineral Exploration Program announced in this year's
budget.
Under the Junior Company Exploration Assistance Program
(JCEAP), 21
projects have received funding. This brings the total amount of contributions to $1.3
million. Of the 21 projects, three projects have been completed and the results will soon
be released.
In addition, 93 prospectors have received contributions under the expanded
Prospectors Assistance Program. Of the $250,000 available to prospectors under the
program, $233,000 has been allocated.
Grimes added that prospectors with grants have concluded six option
agreements so far this year with exploration companies. These agreements will result in
mineral exploration company commitments of more than $1 million.
The Dimension Stone Incentive Program has four approved agreements signed,
bringing total contributions to approximately $157,000, which will give rise to an
expenditure of approximately $503,000 by industry.
"Our province is rich in natural resources and has a strong mining
industry," said Grimes. "The positive response to the mineral exploration
program is another indicator of the commitment and confidence both government and industry
has in the future of the mining sector in Newfoundland and Labrador." (See attached
lists)
Media contact: Carl Cooper, Communications, (709) 729-4890.
Attachments:
Junior Company Exploration Assistance Program
Prospectors Assistance Program
Dimension Stone Incentive Program
--------------------------------
JUNIOR COMPANY EXPLORATION ASSISTANCE PROGRAM
Contribution Agreements 1999 - 2000
COMPANY / PROJECT / AREA
Major General Resources Ltd.
Green Bay - Base Metals
Springdale
Burin Minerals Ltd.
Blue Beach North-Fluorspar
St. Lawrence
Noveder Inc.
Wild Cove - Base Metals/Gold
Twillingate
Altius Resources Inc
Shamrock Project - Base Metals/Gold
Long Island, G.B.
Mountain Lake Resources Inc.
Valentine Lake - Gold
Southwest of Buchans
Major General Resources Ltd.
Hammerdown/Rumbullion - Gold
King's Point-Springdale
Cornerstone Resources Inc.
Paul's Pond - Gold
South of Glenwood
Thundermin Resources Inc.
Duck Pond - Base Metals
Southeast of Buchans
Altius Resources Inc.
Lockport - Base Metals
Lockport, NDB
International Granite Corporation
Hodges Hill - Granite
Grand Falls-Windsor
Great Gull Lake Resources
Gullbridge - Base Metals
Gullbridge Property
Canadian Magnesium Corporation
Baie Verte - Magnesium
Baie Verte
Alto Minerals Inc.
Long Lake North - Base Metals
Southwest of Buchans
Fort Knox Gold Resources Inc.
Wing's Point - Gold
Gander Bay
Burin Minerals Ltd.
Tarefare Deposit - Fluorspar
St. Lawrence
International Granite Corporation
Mount Peyton - Gabbro
Bishop's Falls
New Island Resources Inc
Glover Island - Gold
Corner Brook
United Carina Resources Corporation
Linear Property - Gold
Glenwood
Kelmet Resources
Tulks North Property - Base
Southwest of Buchans
Alto Minerals Inc.
Long Lake South - Base Metals
Southwest of Buchans
Noveder Inc.
Betts Cove - Base Metals/Gold
Baie Verte Peninsula
Total Committed Contribution
$1,302,269.00
Total Private Sector Expenditure
$4,585,017.00
Total Projects
21
Updated
August
23/99
PROSPECTORS GRANTS
Commitments 1999 - 2000
NAME / RESIDENCE
Graham Bishop / Corner Brook
Roy French / Carbonear
Leroy Smith / Arnold's Cove
Steve Baldwin / Gander
Paul Crocker / Cape Broyle
Thomas Gosine / Mount Pearl
Roland Quinlan / Birchy Bay
Tony Hawco / Mount Pearl
Tom Lush / St. John's
Leonard Muise / Stephenville
Dan Kelly / Marystown
Alexander Stares / Benton
Albert Stone / Marystown
Donald Cormier / Stephenville
Larry Quinlan / Birchy Bay
Carl Wade / Gambo
Wilbert Bailey / Shoal Harbour
Calvin Pottle / Whiteway
Michael Basha / Flatrock
Barry Sparkes / Glovertown
Tony Stead / Labrador City
Bill Power / New Perlican
Patrick Connors / Labrador City
Brian McGrath / St. John's
Peter Rogers / Labrador City
Frank Pottle / Gander
Ray Elliott / St. Anthony
Jerry Layden / Deer Lake
Lai Lai Chan / St. John's
George Lannon / Placentia
Gary Lewis / Grand Falls-Windsor
Albert Woodman / South Dildo
Herb Froude / St. John's
William Lucy / Hopedale
Glen Deveraux / Terrenceville
Gus Melbourne / Burgeo
Karl Krats / Labrador City
Kevin Goodyear / Clarenville
Kenneth Lewis / Baie Verte
Walter Mercer / Badger
Keith Poole / St. Lewis
Troy Gordon / Deer Lake
Gerald Hull / Paradise
Robert Taylor / St. John's
Allan McBride / Terra Nova
Ramsey Way / Flower's Cove
Angus Bradley / Gander
Robert Hedd / Winterton
Stephen Greene / Fogo Island
Edwin Northcott / Ramea
Boyce Payne / Stephenville
Stanley Fiander / Tors Cove
Jim Bouzane / St. John's
Eddie Quinlin / Birchy Bay
Kevin Mercer / Badger
Calvert Davis / St. John's
Joseph Walsh / Marystown
Wayne Warren / Arnold's Cove
Sherry Dunsworth / Pasadena
Raymond Power / Paradise
Jamie Meyer / Pasadena
William Mills / Marystown
George Warford / Upper Island Cove
Glen Goobie / Gander
Perry Young / Corner Brook
Raymond Hynes / Gander
James Crocker / Benton
Allan Hollett Head / Bay D'Espoir
Calvin Crocker / Benton
William Mercer / Badger
Lou Bailey / Burin
Gus Finn / Mount Pearl
Peter Dimmell / St. John's
Garry Luffman / Goulds
Jarvis Eastman / Port au Choix
Charles Dearin / St. John's
Wade Power / Little St. Lawrence
Bruce Dearin / St. John's
Ben Turpin Mount Pearl
Cal Miles / Mount Pearl
Alec Turpin / Mount Pearl
Tim Froude / Topsail
Alex Turpin Sr. / Mount Pearl
George Mercer / Badger
David Toms / Bishop's Falls
Shirley Rideout / Grand Falls-Windsor
Ross Flowers / Hopedale
Ivan Mesher / St. John's
Gerald Pardy / Grand Falls-Windsor
Gerald Seward / Hillview
Vic Noseworthy / Gander
Steve Power / St. John's
Owen Marsden / Burgeo
Total Committed Contribution
$233,000.00
Total Grants
93
Updated
August
23, 1999
DIMENSION STONE INCENTIVE PROGRAM
Contribution Agreements 1999 - 2000
COMPANY / PROJECT AREA
International Granite
Mount Peyton - Black Granite
Bishop's Falls
J. Tuach Geol. Consultants
Fisher Hills - Flagstone
Deer Lake
B & B Consulting
Gabbro Lake - Black Granite
Western Labarador
International Granite
Hodges Hill - Coloured Granite
Grand Falls-Windsor
Total Committed Contribution
$157,383.00
Total Private Sector Expenditure
$503,626.00
Total Projects
4
Updated
August
23, 1999
1999 08 26 3:30 p.m.
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