Released on November 29, 2002
Saskatchewans considerable potential for diamond exploration will behighlighted at an annual meeting of the Canadian geological community.
Over 250 geoscientists and exploration company officials will attend
technical sessions at the Saskatchewan Geological Survey Open House,
December 2nd - 4th, in Saskatoon.
The Open House is an annual forum for the province to showcase results from
its geoscience program and to demonstrate to investors the untapped
potential for new mineral discoveries. Sessions will cover topics such as:
diamond exploration, Athabasca uranium, and research on brines supporting a
potential industry in bromine and iodine.
A thriving mineral industry is vital to Saskatchewan's economy and quality
of life. Mining in Saskatchewan is a $2.4 billion industry and employs
17,000 people directly and indirectly. To further stimulate the mineral
industry in Saskatchewan, the government introduced a $12.6 million, six-
year Mineral Exploration Incentive Program in September.
"Saskatchewan offers huge geological potential. Enhanced funding for
exploration and tax and royalty incentives will result in new economic
development, spin-off benefits to our communities, and skills training,"
Industry and Resources Minister Eldon Lautermilch said.
"All this activity translates into more jobs for people in Saskatchewan."
The session on diamonds will outline preliminary results from a geological
study of diamond-bearing rock in the Fort à la Corne area. The study was
funded by Natural Resources Canada, Industry and Resources and various
industry partners.
Richard Molyneux, President and CEO of De Beers Canada Corporation, will be
a featured speaker at the Open House.
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For more information, contact:
Bob Ellis
Industry and Resources
Regina
Phone: (306) 787-8277