Mineral Exploration & Development

The Lynn Lake Belt is the third largest nickel producing region in Canada. The Belt remains a highly prospective camp and is considered at this time as one of the most favourable places in mine-friendly Manitoba, Canada to locate new nickel reserves.

The Lynn Lake Nickel Mine alone,from 1953 to 1976, 20.15 million tonnes of 1.02% nickel and 0.53% copper were produced. Eleven discrete ore bodies were brought into production. Not all of which were exhausted. Lynn Lake's long history of mining and exploration reflects the greenstone belt's varied and favorable geology and tracts of high mineral potential. Ongoing research from -thE manitoba Geological Survey (MGS) continues to identify new areas of interest. The lack of a systematic exploration of the area continues to be addressed through diamond drilling programs by different exploration companies and the participation of the MGS. Advances in mineral exploration technology have brought new ideas about where and how to look for new deposits. As a result, delegations from as far away as Australia and China have been attracted to the Lynn Lake area.

Some of the critical elements of Manitoba’s mineral advantage, include the province’s natural mineral endowments, security of land tenure, an efficient permitting and approvals process,electronic access to valuable geo science data and a government committed to promoting mineral development through focused fiscal and taxation incentives. The Manitoba Geoligical Survey provides a comprehensive internet-based information and data to assist companies in their quest to find Manitoba's next mine. For further information on The Province of Manitoba's mineral exploration and development strategy, visit the Mineral Resource Division webpage.

Lynn Lake Mining and Mineral Exploration Highlights(S0URCE: Historical archives)

- The Lynn Lake Greenstone Belt is located 311 km. by road from CVRD/INCO's nickel smelter.

- 5,000 sq. ft. runway with terminal building, aircraft electrical plug -ins, hangers and commercial airside
development opportunities.

- Excess capacity at the local hospital, hydroelectric power availability, school and vacant serviced lots.

- Manitoba was rated by exploration and mining companies responding to the Fraser Institute Annual Survey
of Mining Companies 2006-07 as having the best policy environment in the world for mineral investment.

-Work continues on multiple advanced exploration projects for base and precious metals that have the
potential to become producing mines.

- All season road and rail line from Lynn Lake.

- 800 people (2007 Stats Concensus data) with a small business community able to accommodate mineral
exploration efforts affordably

-In2006, Manitoba established a $70-million account for the rehabilitation of orphaned and abandoned
mine sites. Lynn Lake is included in this initiative, and rehabilitation work has already commenced.

Provincial government initiatives supporting Manitoba’s mining industry include:

-The Mineral Exploration Assistance Program (MEAP) offers $2.5 million annually in direct financial incentives. Since 1999, there have been more than 400 exploration projects completed and $106 million in exploration expenditures reported under MEAP. Along the Lynn Lake Greenstone Belt, 4 applications were made totaling approx. $145,000(2007).

-The Manitoba Mineral Exploration Tax Credit (MMETC) was renewed in 2007.It provides a 10 per cent non-refundable tax credit for Manitobans who invest in a Manitoba-based exploration project. There is $123,000available annually for individuals or companies through the Prospectors Assistance Program for mineral prospecting in the province.

For more information, visit The Manitoba Mining Advantage, or the Province of Manitoba's Business Development Assistance

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