Natural Resources 2012 Nova Scotia Mineral Incentive Program
Diane Webber October 29, 2012 Program Structure and Some Early
Results
Slide 2
Natural Resources The Goal increase and promote mineral
exploration leading to further development of mineral properties
and new, producing mines in Nova Scotia
Slide 3
Natural Resources Previous Programs in NS N.S. had MISP (1980s)
and PAP (1990s) MISP = fed $50K; PAP = fed/prov $5K PAP $5,000
grants were popular and successful: - Zeolite play (C2C - North
Mountain ~ $300k) - Trout Lakes, C.B. (Regal Goldfields ~$150k) -
Birth of Gammon Lake Resources ($2.2B) - Training of many of todays
prospectors
Slide 4
Natural Resources 2012 NSMIP Components Total 2012 Budget
$700,000 Prospector Grants Advanced Project Grants Prospector
Training Prospector Marketing and Assistance
Slide 5
Natural Resources Grant Application Evaluations Review and
Evaluation Committee Application scoring included: Potential that
NSMIP input will advance the property Geological potential of the
property and commodities of interest Quality and presentation of
the proposal Exploration model assessment (innovative model, new
spin, new zones) Applicants technical and financial ability to
complete
Slide 6
Natural Resources Up to $15k/yr straight grant, registered
prospectors Grass roots level exploration on staked properties
In-the-ground exploration support (i.e. not salary) - Assays,
trenching, DDH, surveying, rentals, etc. - GPS, safety devices and
First Aid course 39 Prospector Grant applications 16 grants awarded
totaling $164,805 Prospector Grants - 2012
Slide 7
Natural Resources Exploration companies, beyond grass roots
Hold mineral rights or option agreement Up to 50% NSMIP input to
max. $100,000 In-the-ground exploration support (i.e. not salary) -
DDH, assays, trenching, geophysics, geochem - Metallurgy, NI43-101,
community engagement 28 Advanced Grant applications 13 grants
awarded totaling $440,000 Advanced Project Grants - 2012
Slide 8
Natural Resources NSMIP Grant Distribution, 2012
Slide 9
Natural Resources How We Compare Nationally Province Amount
Min. Exp. Tax Credit Flow Through Prog. Nfld & Labrador New
Brunswick Manitoba Yukon Nunavit & NWT Quebec & B.C.
Saskatchewan Ont., Alta., PEI $2,000,000 $1,000,000 $570,000
$50,000 ($8K) Nova Scotia $700,000
Slide 10
Natural Resources Prospector Marketing Assistance ($35,000)
Conferences and promotional material Up to $1,250/yr per prospector
Prospector Training ($50,000) Considering concept of an online,
module-based, prospector training course supplemented with field
training Prospector Marketing and Training
Slide 11
Natural Resources Preliminary Results
Slide 12
Natural Resources
Slide 13
Cu Lake Cu-Au (IOCG) Minotaur Atlantic
Slide 14
Natural Resources Residual Gravity Map, Copper Lake area
Perspective view of Cu Lake gravity target with DDHs
Slide 15
Natural Resources Cu Lake Cu-Au (IOCG) Minotaur Atlantic DDH
CL12D01 Minotaur Atlantic IOCG-style quartz-sericite alteration and
brecciation IOCG-style hematite-pyrite-carbonate vein
Slide 16
Natural Resources Gypsum - Port Hawkesbury Area Acadia Drywall
Supply Limited
Slide 17
Natural Resources Gypsum Deposit Evaluation Sites Acadia
Drywall Supply Limited Acadia Drywall Plant, Point Tupper Beaver
Dam Lake Site Ashfield Site
Slide 18
Natural Resources Zone 6B Au Prospect C.B. Highlands Joe
Richman
Slide 19
Natural Resources Positive Results from 2012 Trenching Zone 6B
trench from earlier trenching Au-bearing vein from 2012 trenching
(Au assays 21 g/t, 9 g/t, 7 g/t)
