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New data shows future of NWT diamond mining

A staking rush is hitting the Northwest Territories.

New data released on the Slave Geological Province this summer has led to the largest rush since 2014.

The rush has been a part of an increase in claim numbers this year. In 2017 alone, there have been 184 claims in the NWT totaling 139,019 hectares. A total of 83 claims were staked in 2016 totaling 42,404 hectares.

The Slave Geological Province is known for it’s high diamond potential. It’s because of this that major diamond companies were among those staking claims.

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Minister of Industry, Tourism, and Investment, Wally Schumann, says the Slave Geological Province has the potential for sustaining diamond exploration.

Thanks to recent geoscience research, we’re directly stimulating renewed economic activity in this area. The mini-staking rush demonstrates that there is an ongoing, strong interest in this important economic region.

The Government of the Northwest Territories says they’re committed to supporting mineral exploration and the mining sector as part of its mandate.

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