Here is a summary of the importance of Nunavut exploration based on the speaker's remarks:
Nunavut has tremendous resource potential for minerals like iron oxide, copper, gold, and uranium.
The geological model for this area is a sedimentary hosted copper deposit within a rift valley. This means that there was a deep valley formed by the separation of two tectonic plates, and metal-rich fluids moved through the sedimentary basin that filled the valley.
The mining industry in Canada is sluggish, creating opportunities for new explorers to acquire licenses. Geological surveys have identified Nunavut as a prospective area for these minerals. Existing historical data and reports point to promising areas for exploration.
The speaker's company, White Cliff Minerals, was able to acquire licenses for promising exploration projects through a relatively cheap process.Exploration activities will focus on verifying historical data and identifying new occurrences of minerals.
Development of mines in Nunavut would likely follow similar models to successful existing mines operating in the Arctic Circle.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)