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Last modified on: Feb 16/06 email the webmaster |
Yukon Mining Incentive Program What is YMIP- The Yukon Mining Incentives Program (YMIP) is designed to promote and enhance mineral prospecting, exploration and development activities in the Yukon. The program's function is to provide a portion of the risk capital required to locate and explore mineral deposits. Applicants are invited to submit prospecting and exploration proposals. Only well conceived, technically sound applications will receive funding and applicants are encouraged to consult with their district geologist. The Yukon Mining Incentive Program contains four modules: Grassroots - Prospecting Qualified prospectors may apply for a contribution of up to $10,000 per year to cover basic operation expenses while searching for new mineral occurrences in the Yukon. 100 per cent of approved expenses are reimbursed.
Grassroots - Grubstake Companies or individuals providing prospectors with a grubstake (basic operating expenses while searching for new mineral discoveries in the Yukon) may apply for a contribution of up to $10,000 per person, per year. 75 per cent of approved expenses are reimbursed.
Focused - Regional Individuals, partnerships or junior companies undertaking basic exploration work directed at appraising the potential of an under explored area on crown land may apply for a contribution of up to $15,000 per year. 75 per cent of approved expenses are reimbursed.
Target Evaluation Individuals, partnerships or junior companies undertaking basic exploration work directed at appraising the potential of an under evaluated occurrence or target may apply for a contribution of up to $20,000 per year. The intent of this funding is to allow prospectors to evaluate new occurrences following discovery and to prepare them for option or sale. 50 per cent of approved expenses are reimbursed.
Deadline for applications is March 1. If you would like more information on the Yukon Mining Incentive Program, please contact:
Steve Traynor
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