Prospectors’ Incentive
Plan rewards 

Any time exploration that comes along with one or more geological, geophysical, or geochemical surveys is done, a cash bonus is given to the prospector or prospectors who make the discovery, and this bonus is of one thousand dollars. If diamond drilling is carried out to test the discovery, there is a cash bonus of fifty cents per feet of up to two thousand feet of drilling, and twenty five cents per foot beyond that amount to a complete bonus that does not go above that of $50,000, which is paid to the prospector or prospectors over a time period of seven years or less depending on the date the discovery was made. If a producing mine has been set up on the area, the prospector or prospectors have the right to one percent of the value of the ore at the starting point of the mine. When more than one person has participated in the discovery, the bonus and the royalty that is paid on the ore mine is divided half, half. There is in addition an agreement that has been set up for the free lance prospector that is not interested in participating in the Prospectors’ Incentive Plan. With this agreement, the prospector is not given a wage, equipment, transportation, food etc. Nonetheless, if a discovery is made by the prospector and if in the opinion of a qualified representative of the Department of Northern Saskatchewan, an agreement can be carried out in which the Province obtains the property for a certain amount if it is staked and in cases in which it is in open ground, it is required to be staked on the behalf of the Department of Northern Saskatchewan. From that point of negotiation, the finder will be entitled to receive the bonuses and royalties that have been set out under the Prospectors’ Incentive Plan.