November 2, 2017
Geological Survey Releases New Research on Potential Gold Resources in Central Newfoundland
The The Honourable Siobhan Coady, Minister of Natural Resources, today at Mineral Resources Review 2017 discussed recently released research by the Geological Survey that highlights the potential for new discoveries of gold and other metals in central Newfoundland. The data, available at: www.nr.gov.nl.ca/nr/mines/geoscience/publications/latest_pubs.html are based on soil samples collected from the Sheffield Lake, Springdale, Dawes Pond, The Topsails and Rainy Lake map areas.
The Geological Survey regularly releases research on the geology and mineral resources of the province which is used by prospectors, junior mining companies and investors to undertake exploration activity. Exploration activity stimulates local economies through increased demand for services, supplies, and the personnel that make continuing assessment possible.
InfoInformation from the Geological Survey was a catalyst that made nearly 21,000 claims staked last year possible - just over three times the amount staked in 2015 and the most in the last five years. Staked claims coincide geographically with public data released by the Geological Survey gis.geosurv.gov.nl.ca/.
Mineral exploration and development in the mining industry will be highlighted at Mineral Resources Review at the Delta St. John’s November 1 to 4. This four-day conference and trade show is the largest of its kind in Atlantic Canada.
“The Geological Survey provides a wealth of information to stimulate mineral exploration in our province – just like the intense staking activity, likely driven by gold, here in Newfoundland and Labrador last year which resulted in 21,000 claims being staked. Exploration leads to the development of our mining industry which employs 5,000 people and is forecast to ship $3.7 billion in minerals this year.”
Honourable Siobhan Coady
Minister of Natural Resources
"Millertown has noted a significant increase in mineral exploration this year, no doubt, related to the claim staking from last year. This has had a very positive effect on the local economy in terms of employment, accommodations, building rentals and construction of core boxes by the local mill. Marathon Gold, Canadian Zinc, and Antler Gold are doing extensive drilling programs at the present time and as long as the drills are turning, the potential is there to find enough gold, copper or zinc to start another active mine in the area. Millertown is still reaping the benefits of having had an active mine in the area, Teck Duck Pond, so the excitement right now to see the drills turning again is contagious in our region."
Mayor of Millertown
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The GeoScience Online portal provides access to a number of services, including Geoscience Atlas, Claim Staking, GeoFiles Search, Mineral Occurrences Search, as well as national GIS resources (Geogratis free topographic data, Canadian Geoscience database). The GeoScience Online portal can be found by visiting: gis.geosurv.gov.nl.ca/
Mining is one of Newfoundland and Labrador’s oldest and leading industries with world-class mineral deposits and a proven record of discovery. Learn more at: www.nr.gov.nl.ca/nr/mines/MNL-Overview.pdf
More information about Mineral Resources Review 2017 can be found at: http://www.nr.gov.nl.ca/nr/mines/mineral.html.
2017 11 02 2:15 p.m.