November 1, 2018
Geological Survey Highlights the Potential for New Discoveries in Central Newfoundland
The Honourable Siobhan Coady, Minister of Natural Resources, highlighted research by the Geological Survey today at Mineral Resources Review 2018. The research focuses on the potential for new discoveries of gold and other metals in central Newfoundland.
The till geochemistry report indicates increased potential for gold discoveries in the Pipestone Pond and Coy Pond complexes of central Newfoundland. The data, available at bit.ly/2ACF7EM is based on soil samples collected from the Great Burnt Lake, Burnt Hill and northern Cold Spring Pond map areas.
For more than 150 years, the province’s Geological Survey has mapped the mineral resources in our province. The work of the survey is publicly available to prospectors, junior exploration companies and investors globally. Exploration activity stimulates local economies through increased demand for services, supplies, and people.
Information from the Geological Survey provides a catalyst for claim staking. Geoscience has increased staking to about 20,000 claims in each of the past two years. Gold in central Newfoundland is a commodity of great interest and has contributed to about 50 per cent of claims staked since 2016. Staked claims commonly coincide geographically with public data released by the Geological Survey (gis.geosurv.gov.nl.ca/) and demonstrates the impact and importance of public geoscience.
Geologists from the Geological Survey are available at Mineral Resources Review this week to discuss research ongoing in the province. The conference and trade show is the largest of its kind in Atlantic Canada.
Support for the mining industry delivers on commitments in The Way Forward to strengthen the province’s economic foundation. The Way Forward outlines all actions the Provincial Government is taking to achieve a strong, diversified province with a high standard of living, and can be viewed at thewayforward.gov.nl.ca.Quote:
“The work of the Geological Survey drives prospectivity and mineral exploration throughout our province, leveraging demand for supplies, services and skilled workers. Much is already known about the geology of our province through the work of the Geological Survey. The opportunity exists for us to learn much more about areas such as the Labrador Trough, southern Labrador’s rare earth elements potential, and central Newfoundland’s gold opportunities.”
Honourable Siobhan Coady
Minister of Natural Resources
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Mineral Resources Review 2018: www.nr.gov.nl.ca/nr/mines/mineral.html
2018 11 01 12:00 p.m.