"Increased geoscience will help us to identify
possible prospective areas in Newfoundland and Labrador that contain
significant mineralization," said the Honourable Kathy Dunderdale,
Minister of Natural Resources. "This information will in turn assist
mineral exploration companies to make informed investment decisions that
will guide future exploration and development activity."
Enhanced funding for the program's expansion
is part of a three-year, $3 million dollar geological mapping initiative
announced in Budget 2008. This funding is part of government's
commitment to attract further exploration and investment into the
province while improving the sector's ability to compete locally and
globally.
Twenty-seven Memorial University Earth
Sciences and Geography degree program students have been hired this
summer to participate in a variety of field and office-based geoscience
projects.
"The twenty-seven students hired will gain
significant hands-on experience in several key areas including field
geology and logistics, data management and statistical analysis," said
Minister Dunderdale. "These students will have an opportunity to work
and train closely with the department's experienced field staff and gain
knowledge and skills that they can apply later down the road in their
chosen discipline."
A growing trend within the mining sector is
interest in rare metals and rare earth elements. These non-traditional
metals have numerous applications in new and developing technologies,
and there has been an increased demand for the exploration of new
deposits. A six-week detailed geochemistry study of rare metals in
central Newfoundland will begin this summer.
Also this summer, significant changes and
updates to the department's web-based Geoscience Online Atlas will
occur. This is a major source of information for the mineral exploration
industry and makes digital data collected by the department and industry
field mapping crews available over the internet. The update will enhance
the consistency and usability of the data for map production and
analysis.
Funding for the Geological Mapping Program has
allowed the Department of Natural Resources to increase work on several
regional mapping projects in the province. It has also enabled the
initiation of two bedrock-mapping projects, which will show the
distribution of various rock types and lead to a better understanding of
geology and mineral potential.
A detailed lake-sediment geochemistry project
in the area north of the Smallwood Reservoir and a study of uranium
mineralization in Labrador's Central Mineral Belt has also been
completed. The department will also pursue other aspects of Labrador's
mineral potential, including the assessment of gold, copper and
rare-earth elements.
Last fall, in partnership with Nalcor Energy,
the Geological Survey division published a series of high-resolution
aeromagnetic maps of the west coast of Newfoundland and Labrador at an
approximate cost of $1 million. Forty-six maps were produced as part of
the surveys, covering over 11,000 square kilometres between Bay St.
George and St. Anthony, and were well received by both the mineral
industry and petroleum exploration companies.
The mining industry is a significant
contributor to the economy of Newfoundland and Labrador, especially in
rural communities. The gross value of mineral shipments for 2010 is
forecast at $2.6 billion with exploration expenditures anticipated to be
$59 million.
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Media contact:
Ken Morrissey
Director of Communications
Department of Natural Resources
709-729-5282, 685-6612