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Northern Freegold Resources Ltd. V.NFR

"Northern Freegold Resources Ltd is engaged in the exploration for mineral resources in the Yukon Territory, Canada and Arizona, USA."


TSXV:NFR - Post by User

Post by prospector7on Mar 26, 2009 10:58am
335 Views
Post# 15872726

YTG SUPPORTIVE OF MINERS

YTG SUPPORTIVE OF MINERS

FOR RELEASE #09-043
March 3, 2009

Modernized Mineral Claims Administration to be Implemented

WHITEHORSE – Changes to Yukon’s Mineral Claims administration that streamline and modernize how mining claims are administered will come into effect April 1, 2009.

“The Government of Yukon has acted to modernize and increase the competitiveness of the legislative framework for hard rock mining in Yukon,” Energy, Mines & Resources Minister Brad Cathers said. “These changes directly address some of the administrative and financial barriers to exploration and mine development.”

Seven specific sections of claim administration within the Quartz Mining Act have been changed to better facilitate the day-to-day administration of Yukon’s mineral industry. Changes include:

• New minimum claim post size (1.5” x 1.5”).
• The time limit to record mineral claims streamlined to reflect advances in communication and transportation.
• The number of copies of applications for mineral claims, lease renewals and any transfers of title required has been reduced.
• Claim tags will now be available prior to actual staking in the field – reducing the number of trips to the site to properly record a claim.
• Allowance for larger claim groupings for application of assessment work within a year.

“The amended claims provisions reduce administrative costs, and improve Yukon’s competitiveness for attracting mining, which is especially important in the current and world economic circumstances,” Cathers added.

For more information on mining in Yukon, and detailed information outlining the changes to the mineral claims administration, visit www.yukonmining.com.

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