The mineral industry in New Brunswick received a boost when it was announced that the province will undergo an airborne geophysical survey.
Aimed at identifying exploration targets, the survey will be funded by the Canada-New Brunswick Co-operation Agreement on Economic Diversification. One million dollars will be contributed under the agreement; the federal government will provide 65% of the funding, and the province the balance. Airborne instruments will be used to measure magnetism, electromagnetism and radioactivity in the upper 200 metres of the earth’s crust. The survey will be flown over the Bathurst-Miramichi camp during fiscal year 1995-96; that camp constitutes a circular area south and west of the town of Bathurst, covering 3,000 sq. km.
It can take up to 10 years before a discovery becomes a mine and, according to Laureen Jarrett, provincial minister of state for mines and energy, current mineral reserves in the area may not last beyond 20 years. The New Brunswick Department of Natural Resources and Energy will administer the program in partnership with the Geological Survey of Canada.
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