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The Yukon Mining Incentives Program (YMIP) is designed to promote and enhance mineral prospecting, exploration and development activities in the Yukon. The program's function is to provide a portion of the risk capital required to locate and explore mineral deposits. Applicants are invited to submit prospecting and exploration proposals. Only well conceived, technically sound applications will receive funding and applicants are encouraged to consult with their district geologist.
The Yukon Mining Incentive Program contains four modules:
Qualified prospectors may apply for a contribution of up to $10,000 per year to cover basic operation expenses while searching for new mineral occurrences in the Yukon. 100 per cent of approved expenses are reimbursed.
Companies or individuals providing prospectors with a grubstake (basic operating expenses while searching for new mineral discoveries in the Yukon) may apply for a contribution of up to $10,000 per person, per year. 75 per cent of approved expenses are reimbursed.
Individuals, partnerships or junior companies undertaking basic exploration work directed at appraising the potential of an under explored area on crown land may apply for a contribution of up to $15,000 per year. 75 per cent of approved expenses are reimbursed.
Individuals, partnerships or junior companies undertaking basic exploration work directed at appraising the potential of an under evaluated occurrence or target may apply for a contribution of up to $20,000 per year. The intent of this funding is to allow prospectors to evaluate new occurrences following discovery and to prepare them for option or sale. 50 per cent of approved expenses are reimbursed.
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Deadline for applications is March 1.
If you would like more information on the Yukon Mining Incentive Program, please contact:
Steve Traynor
Yukon Geological Survey (K102)
Department of Energy, Mines and Resources
Government of Yukon
Box 2703 (K102)
Whitehorse, Yukon Y1A 2C6
Telephone: (867)456-3828
Toll free in Yukon: (800)661-0408
or
102-300 Main St.
Whitehorse, Yukon
Fax: (867)667-3198
E-Mail: mmymip@gov.yk.ca