Slave Lake receives Northwest Territories gov't grant

Executive Summary

• Slave Lake Zinc Corp. has secured non-dilutive funding from the Northwest Territories Mining Incentive Program (MIP) to advance exploration at its 100%-owned O'Connor Lake property.
• The grant is designated to support critical mineral exploration and delineation work, specifically focusing on data interpretation for drill targets and geochemical/geological surveys.
• CEO Ritch Wigham highlighted that the funding validates the project's potential and accelerates the exploration timeline, emphasizing the importance of public-private partnerships in developing critical minerals for the green economy.

Key Details

• Funding Source: Northwest Territories Mining Incentive Program (MIP), administered by the NWT Department of Industry, Tourism and Investment.
• Funding Type: Non-dilutive grant.
• Project: O'Connor Lake property, located in the South Slave magmatic zone, Northwest Territories.
• Ownership: 100% owned by Slave Lake Zinc Corp.
• Use of Proceeds:
  • Compilation and interpretation of data from recent field programs to define high-priority drill targets.
  • Geochemical and geological surveys to confirm known mineralized zones.
• Project Context: The property holds historic showings of zinc, lead, gold, silver, and copper, along with other critical mineral potential.
• Location Details: Situated approximately 100 kilometres east of Fort Resolution, with proximity to existing infrastructure and the all-weather road from Osisko's Pine Point deposits.

Notable Quotes

• "We are incredibly grateful for the support from the government of the Northwest Territories through the MIP program... This non-dilutive funding allows us to maximize the geological potential of O'Connor Lake and accelerate our exploration timeline. It underscores the importance of public-private partnerships in driving resource development in the NWT, especially as we focus on critical minerals vital for North America's green economy transition." — Ritch Wigham, CEO and Director