Ontario’s mineral potential studied

It noted that economic potential, measured from the start of mineral exploration, carries an anticipated net present value of $80 million fo r each economic de posit discovered in Ontario.

The researchers said that Ontario has a strong competitive position in the shield region and in Canada because the newly-discovered Hemlo and Kidd Creek depos its are within the province’s boundaries. The possibility that any exploration p rogram can lead to another multi-billion dollar discovery of this calibre provid es a great investment incentive, they added.

This study, titled “Mineral Exploration and Mine Development Potential in Ontario: Economic Guidelines for Government Policy,” is available for v iewing at the Mines Library, Ministry of Northern Development and Mines, Room 812, 77 Grenville St., Toronto. It may be purchased from the Centre for Resourc e Study, Queen’s University, Kingston, Ont.

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