Original News Release
Slave Lake receives Northwest Territories gov't grant
Mr. Ritch Wigham reports
SLAVE LAKE ZINC SECURES FUNDING THROUGH NORTHWEST TERRITORIES MINING INCENTIVE PROGRAM (MIP) TO ADVANCE O'CONNOR LAKE PROJECT
Slave Lake Zinc Corp. has been awarded a grant under the Northwest Territories mining incentive program by the government of the Northwest Territories.
This non-dilutive funding will be allocated toward the continuing and planned critical mineral exploration and delineation work at the company's 100-per-cent-owned O'Connor Lake property, located in the prolific South Slave magmatic zone.
Advancing critical mineral exploration
The MIP grant, administered by the NWT Department of Industry, Tourism and Investment, is designed to stimulate and support high-quality mineral exploration activities throughout the territory. This significant financial support directly validates the potential of the O'Connor Lake project, which holds historic showings of zinc, lead, gold, silver and copper, as well as other critical mineral potential.
The funds will specifically support:
The compilation and interpretation of data gathered during the recent successful field program, focusing on defining high-priority drill targets;
Geochemical and geological surveys aimed at confirming the known mineralized zones.
"We are incredibly grateful for the support from the government of the Northwest Territories through the MIP program," stated Ritch Wigham, chief executive officer and director of Slave Lake Zinc. "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."
The O'Connor Lake property is strategically located approximately 100 kilometres east of Fort Resolution, offering favourable access and proximity to existing infrastructure. Slave Lake Zinc is committed to executing its exploration program responsibly and in collaboration with local indigenous communities.
About Slave Lake Zinc Corp.
Slave Lake is a mineral exploration company focused on advancing its 100-per-cent-owned O'Connor Lake property, located in the prolific South Slave magmatic zone of the Northwest Territories. The property is situated approximately 100 km east of Fort Resolution, the terminus of the all-weather road from Osisko's Pine Point deposits. The company's geological team is experienced in identifying and delineating targets in its hydrothermal structurally controlled system, and is committed to maximizing shareholder value through exploration and development of the O'Connor Lake project.
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