Released on December 4, 2018
The results from this year’s work of the Saskatchewan Geological Survey (SGS), which is celebrating its 70th anniversary, will be featured at the 49th Saskatchewan Geological Open House beginning this morning in Saskatoon.
The two-day Open House offers an annual snapshot of Saskatchewan’s mineral resources by providing a forum for sharing new, high-quality geological information presented by the SGS. This data drives industry investment in the province by enabling the design of effective exploration programs and strategic expenditures for the coming year.
“Since 1948, the SGS has provided maps, reports, studies and more to document the geological framework of Saskatchewan,” Energy and Resources Minister Bronwyn Eyre said. “That work has been instrumental in guiding the exploration and development of our province’s mineral and petroleum resources. It has helped to make Saskatchewan what it is today—a jurisdiction of choice among global mining investors seeking accessible opportunities in a business-friendly environment.”
The Ministry of Energy and Resources, through the SGS, co-hosts the Open House in partnership with the Saskatchewan Geological Society. In addition to the results of the minerals-related geoscience research carried out by the SGS and its partners during the past year, industry representatives will take part in technical sessions to discuss mining activities in the province. The program also features meetings with the Saskatchewan Mining Association, the Geological Survey of Canada, and participating universities regarding geoscience activities and mining lands programs.
In 2017, Saskatchewan remained the world’s largest potash producer and second-largest uranium producer, with total mineral sales of $6.7 billion. The Targeted Mineral Exploration Incentive, part of the government’s Mineral Development Strategy, is one example of the province’s ongoing efforts to encourage industry investment and economic growth. Designed to cover a portion of expenditures associated with exploration drilling, the incentive focuses on base metals, precious metals, and diamonds—some of which have significant unrealized potential in the Creighton-Denare Beach-Flin Flon region of Saskatchewan.
The Mining Journal, one of the world’s most influential and prestigious mining industry publications, ranked Saskatchewan third out of 96 global jurisdictions in the Investment Risk Index of its 2018 World Risk Report.
The public are welcome to attend the Geological Open House at the Delta Bessborough Hotel in Saskatoon, December 3-5. To find out more about the 2018 Geological Open House, visit www.openhouse.sgshome.ca.
For more information, contact:
Energy and Resources