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Canadian North Resources Awarded $250,000 Nunavut's Discovery Program Grant for Exploration Project
TORONTO, May 16, 2023 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. ("the Company," TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce th
About this update from Canadian North Resources, Inc.
[{"type":"text","content":" TORONTO, May 16, 2023 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (\"the Company,\" TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce that it has been awarded a $250,000 grant from the Government of Nunavut's Discover, Invest, Grow (\"DIG\") program. The Company has received an initial contribution of $125,000, and an additional $125,000 is expected upon the submission of an exploration report, which was completed by the end of April. The Nunavut Department of Economic Development and Transportation supports the development of a sustainable and viable mineral exploration sector in Nunavut through its DIG Program, providing contributions to mineral exploration companies conducting activities which advance exploration work on projects in the region. \"We are thrilled to have been awarded this grant from Nunavut's Discovery Department of Economic Development and Transportation,\" said Dr. Kaihui Yang, President and CEO of the Company. \"It is an honor and a recognition of the exploration achievements to-date for the Ferguson Lake project,\" added Dr. Yang. \"The support from Nunavut's Discovery Program further validates our commitment to responsible exploration practices and strengthens our relationship with the local community and government.\" The Company opened its 55-person camp at its Ferguson Lake Project in March (Refer to the news release on April 3, 2023) and commenced a 20,000-metre drill program in 2023 to further expand the mineralized zones along and surrounding the 15-km long main mineralization horizon and to test the lithium potential of the pegmatites over the Ferguson Lake project. Those mineralized zones were confirmed to be open along the strike and down dip by the 18,144 meter drilling program that was completed In 2022. The Company places a strong emphasis on community engagement and environmental stewardship in its exploration activities. The Company is actively interacting with local communities (Baker Lake and Rankin Inlet) in the Kivalliq Region of Nunavut, and the service providers in Winnipeg, Yellowknife and Edmonton. The Company is engaged with local technicians, consultants, and companies for the logistic supports, transportation and the camp operation. Qualified Person: The technical contents of this news release have been reviewed by Dr. Trevor Boyd, P.Geo., a qualified pe...