Selective exploration of prospective nickel sulphide and IOGC
targets will continue for the remainder of the year.
On the one hand, a lot of the First Nations in the basin are very small and could never have their own organization of geologists, land agents, and economists so having IOGC
do all that for them works out.
Historically, readings of such a nature have been associated with an IOGC
Minor sulphides were encountered and the geological environment is regarded to be very encouraging for IOGC
IOGC works with band governments to give advice on title and the potential of oil and gas assets, together with technical aspects of drilling and production, and the all important collection of royalties and other money.
In a parallel development, IOGC set up a pilot project with two Alberta bands (Siksika and Blood) and a Saskatchewan band (White Bear) to develop the infrastructure of those bands to deal directly with their own resources.
Though preliminary drilling results indicated that the iron resource was of sub-economic grade, Hole IR08-06 intersected high-grade gold mineralization consistent with IOGC
deposit models within altered material of the Iron Mountain structure.
Smith is joining IOGC after 15 years heading the Treaty 7 Tribal Council as its Executive Director.
IOGC is also responsible for facilitating and supporting initiatives to transfer control of oil and gas resources to First Nations.