The Federal Economic Development Agency for Northern Ontario (FedNor) and the Northern Ontario Heritage Fund Corporation (NOHFC) are together putting more than $1.4 million towards mineral exploration initiatives.
$1 million from the NOHFC will be used to create a five-year Industrial Research Chair for mineral exploration.
Dr. Peter Hollings, Professor and Chair of the Department of Geology, will assume the five-year position.
Hollings and his team will work with the Kinross Gold Corporation to explore the gold deposits of the Great Bear Project near Red Lake, and also other viable locations.
The remaining $440,948 in funding will come from FedNOR, and go towards a microanalytical research lab.
The Industrial Research Chair will also receive an additional $1 million in funding from Kinross Gold Corporation and Lakehead University for about two dozen positions for graduate students, postdoctoral fellows, and fieldwork assistants.
