Newfoundland and Labrador - a rare find

Mining

Newfoundland and Labrador is geologically diverse and is richly endowed with a wide spectrum of minerals, including iron ore, base and precious metals, uranium, tungsten, molybdenum, antimony, and rare earth and industrial minerals. Our multi-billion dollar mining industry provides a wide variety of commodities to the world market.

The land mass of the province is larger than many countries, such as New Zealand, Germany, and England. It remains relatively underexplored compared to other mineral-rich jurisdictions, thus creating a rare opportunity for mineral resource investment and new mineral finds. There are opportunities for further exploration, as well as joint ventures and investment. Our stable political and regulatory environment provides predictability and security for those looking to invest in the province.

Resources

Iron Ore
With a number of large mines, there are 80 billion tonnes of known resources with excellent exploration potential. With low phosphorous, alumina, sulphur, and alkalies, our ore is a superior option for high-iron concentrate pellets. There is a large supply of water for processing, along with hydroelectric power. With rail and ocean transport available, the jurisdiction is well positioned for global export, including to emerging markets.
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Gold
Recent option and joint-venture agreements, coupled with new claim-staking, indicate renewed interest in some of the province’s underexplored terranes. Gold occurs in both epithermal and orogenic gold settings, and also as a by-product in base metal (VMS) deposits. The majority of the province’s known gold is on the Island of Newfoundland.
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Uranium
Labrador’s Central Mineral Belt is a major underexplored metallogenic terrane, and contains one of the world’s largest undeveloped uranium resources. With the local Aboriginal government lifting the ban on uranium development, this resource is poised for investment.
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Programs & Assistance

Geoscience Program
Natural Resources carries out impartial, state-of-the-art geoscientific investigations throughout Newfoundland and Labrador in order to interpret and explain the province’s geological evolution and to describe, interpret, and explain the distribution, nature, quantity, and origin of the province’s mineral resources. Specialists are also available free of charge to help you identify areas of interest and connect you with industry.

Access GeoScience Online

Access GeoFiles Online

 

Junior Exploration Assistance Program
The program provides funding for 40-75% of approved exploration costs, up to a limit of $150,000 or $225,000 depending on the region. The program aims to increase the mineral inventory of the province and advance finds to the stage of defining NI 43-101 compliant mineral resources.
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Matty Mitchell Prospectors Resource Room
A public-private partnership, this facility offers assistance to the prospecting community by providing them with mentoring, technical support, and promotional assistance.
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Mines in Production and Proven Reserves

Publicly Available Geological Studies, Data (Government and Industry)

Large, Underexplored Land Mass, Ready for New Surveys

Stable Operating Environment

Diverse Geology with Bulk Commodities, Base and Precious Metals

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Carolina Valverde Cardenas
Promotions Geologist
cvalverdecardenas@gov.nl.ca

709.729.6651