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Ottawa invests $5M in Dene-owned Camsell River mine project – Cabin Radio

by ahnationtalk on April 11, 202419 Views

April 11, 2024

The federal government is injecting $5 million into an Indigenous-led plan to develop a mine near Great Bear Lake.

The money will be received by the Denendeh Exploration and Mining Company, or Demco, a 100-percent Dene-owned mining and exploration firm.

Demco was created a decade ago on behalf of Dene First Nations in the Northwest Territories, and is operated through Denendeh Investments to “explore, find and participate in the operation of mines on and off selected lands in settled land claim areas.”

Demco’s focus is its Camsell River property, a collection of former silver mines near the southeastern corner of Great Bear Lake.

“With new geology and techniques, what we found over our exploration period was we have an IOCG,” said Darrell Beaulieu, the president and chief executive of Denendeh Investments.

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