Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: Frank and Al with Rickford Opening TMX This AM - Time to Talk??

Two links on the topic:

There must be some other reason for Frank and Al to be at the same location with Minister Greg Rickford besides the photo ops this morning. It's interesting to note that in the NRCan link (the 2nd one, at the bottom of this post) repeated the following points:

"Last month, the Harper Government announced a number of measures in Economic Action Plan 2015 that build on our already substantial contribution to creating and protecting mining opportunities, including the development of Northern Ontario’s Ring of Fire:

  • The Mineral Exploration Tax Credit was extended for another year to provide junior mining companies with improved access to the venture capital they need to finance their exploration activities;
  • The definition of Canadian Exploration Expenses was expanded to include costs associated with environmental studies and community consultations;
  • $23 million over five years was allocated to stimulate the technological innovation needed to separate and develop rare earth elements and chromite;
  • The Targeted Geoscience Initiative, a collaborative federal geoscience program that provides industry with the next generation of geoscience knowledge and innovative techniques to better detect buried mineral deposits, was renewed for $22 million over five years; and
  • $135 million over five years was allocated to the Major Projects Management Office Initiative to provide management and accountability for major resource projects.

Quotes

“Our government is creating and protecting jobs and opportunities across Canada. Canada’s Economic Action Plan announced last month contributes new and ongoing support for the mining industry including further support for the development of the Ring of Fire.”

Greg Rickford,..."

We knew about the $23M, but what's that sum $135M over 5 years. Any clues what it is for wrt the RoF?

http://www.newswire.ca/en/story/1537079/canada-s-minister-of-natural-resources-opens-the-market

http://news.gc.ca/web/article-en.do?nid=974059&tp=1

goldhunter

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