Minerals exploration company NiCAN has received approval for a C$300 000 grant from the Manitoba Mineral Development Fund (MMDF) to support its exploration activities at its Wine project, in the Snow Lake/Flin Flon area.
The company has received the first C$150 000 of the grant, with the remainder expected in June.
"This funding is earmarked for continued exploration at the Wine project, which has returned truly impressive drill results to date. We look forward to announcing additional exploration results from the Wine Gabbro area in the coming weeks,” said president and CEO Brad Humphrey.
“The company also plans to complete geophysical and geochemical surveys that will drive the exploration programme for our next phase of drilling in this area."
The MMDF is a C$20-million provincial fund, launched in July 2020 by the Manitoba government and administered by the Manitoba Chamber of Commerce. This fund is specifically dedicated to providing funding for and supporting economic development and mining projects in northern Manitoba.