November 17, 2017

The Government of the Northwest Territories (GNWT) published 2017's Mineral Exploration Overview today. 

This latest overview details a spike in new claims year-over-year — sparked in-part by a mini-staking rush after two reports on the geology of the Slave Geological Province were released by the NWT Geological Survey earlier this year — and outlines exploration efforts across the territory. 

It also provides an update on GNWT efforts to support responsible mineral exploration. 

Some highlights: 

• 10.5 million carats of diamonds produced
• $1.27 billion in diamond value produced
• 199 claims staked in first three quarters; 114 more than 2016 in total
• 150,000 hectares worth of land staked in first three quarters; 108,000 more than 2016 total
• Increased budget for GNWT Mining Incentive Program from $400,000 to $1 million.

Access the full document below.