$5.1 Million Project Aims to Increase Exploration Success Rates

TORONTO, ONTARIO -- (Marketwired - May 14, 2013) - The Honourable Gary Goodyear, Minister of State (Science and Technology), today launched a pan-Canadian research collaboration among 24 leading mining companies and 17 universities from across Canada, to develop tools to increase mining and mineral exploration success rates.

"Canada's economic competitiveness depends on supporting business-related research and development that drives innovation," said Minister of State Goodyear. "Our government remains committed to supporting partnerships that will create jobs and strengthen Canada's long-term prosperity."

The "Footprints" project, led by Laurentian University and the Canada Mining Innovation Council, will focus on researching and developing more effective tools to find deeply buried or remote ore deposits by following the "footprints" or trace elements of these ores.