Canadian North Resources Inc. has received a $250,000 grant from the Government of Nunavut's Discover, Invest, Grow ("DIG") program. A $125,000 initial contribution has been made to the company, and another $125,000 is anticipated upon submission of an exploration report, which was completed at the end of April.
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Through its DIG Program, the Nunavut Department of Economic Development and Transportation supports the growth of a sustainable and profitable mineral exploration industry by contributing to companies engaged in activities that advance exploration work on regional projects.
We are thrilled to have been awarded this grant from Nunavut’s Discovery Department of Economic Development and Transportation. It is an honor and a recognition of the exploration achievements to-date for the Ferguson Lake project. The support from Nunavut’s Discovery Program further validates our commitment to responsible exploration practices and strengthens our relationship with the local community and government.
Dr. Kaihui Yang, President and Chief Executive Officer, Canadian North Resources Inc.
Back in March, the Company opened its 55-person camp at its Ferguson Lake Project and started a 20,000-m drill program in 2023 to further expand the mineralized zones along and surrounding the 15-km long main mineralization horizon and to test the lithium potential of the pegmatites over the Ferguson Lake project.
Those mineralized zones were confirmed to be open along the strike and down dip by the 18,144 m drilling program that was completed in 2022.
In its exploratory efforts, the company places a high priority on community involvement and environmental care. The Company is actively in conversation with local communities (Baker Lake and Rankin Inlet) in the Kivalliq Region of Nunavut, and the service providers in Winnipeg, Yellowknife and Edmonton.
For logistical assistance, transportation, and camp operation, the company works with local specialists, consultants, and companies.