REGINA A record-breaking $272 million is promised for mineral exploration in Saskatchewan during 2007, according to the provincial department of Industry and Resources. That number is nine times the amount spent in the province during 2003.
From 2004 to 2007, total spending on exploration in Saskatchewan is estimated at $721 million. Of this, over $550 million will have been spent by junior and mid-sized companies. The uranium potential of the Athabasca Basin and diamondiferous kimberlite fields near Fort a la Corne are attracting the lions share of the exploration money.
Highlights of mineral exploration and development in Saskatchewan is available at the Industry and Resources website, www.ir.gov.sk.ca. Search using the term exploration spending.