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By Rose Ragsdale
For Mining News 

Exploration spending peaks in Nunavut

Uranium hunters drive mineral industry activity to eighth yearly high in Canada's Far North territory

 

Last updated 11/25/2007 at Noon



The government of Nunavut reported figures in early November suggesting the Canadian territory is heading for its eighth year of record spending on mineral exploration and development.

A sector that injected about C$26 million into the economy in 1999 is now expected to pump in more than C$256 million in 2007. That's nearly one-quarter of Nunavut's entire gross domestic product and a 17 percen...



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