Potential gold and base metals being explored

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NUNAVUT

An alliance between the Inuit-owned Nunavut Resource Corp. and a Sudbury, Ontario-based company, Transition Metals Corp., has turned up potential sites for gold and base metal exploration following aerial surveys on Inuit-owned land last summer.

The surveys revealed high potential gold and base metal target areas within the north portion of parcel IOL CO-20, known as the Izok Corridor, about 175 kilometres southwest of Cambridge Bay.

Transition metals aims to spend at least $18 million on exploration in the area and has support from the Kitikmeot Inuit Association for the project.