Common use of Mineral Resource Assessments Clause in Contracts

Mineral Resource Assessments. 10.2.1 As part of the Inventory of Resources for a Territorial Park conducted pursuant to section 14.4, and before its establishment, the GN shall undertake an assessment of the Mineral resource potential within the boundaries of the Park. 10.2.2 Pursuant to subsection 10.2.1, and subject to section 14.4.3 of this IIBA, the GN and the Relevant CJPMC, in consultation with NTI, shall determine the scope of the assessment conducted, including what Minerals will be included in the assessment. 10.2.3 In making a determination under subsection 10.2.2, the GN and the Relevant CJPMC shall consider factors including: (a) the size and location of the Park; (b) the state of current knowledge in the area within and surrounding the Park; (c) the class of Park being proposed; (d) existing knowledge of Mineral resource potential; and (e) any funding that may be available from any sources to conduct an assessment. 10.2.4 Unless otherwise agreed by the Parties, IIBA implementation funding shall not be used to fund the cost of the assessment required pursuant to this Article. 10.2.5 The assessment conducted pursuant to subsection 10.2.1 shall be undertaken by appropriately qualified persons or organizations such as the Canada-Nunavut Geoscience Office, and shall follow accepted standards and practices. 10.2.6 The GN, in consultation with the Relevant RIA, shall ensure that, to the maximum extent possible, local Inuit prospectors and carvers are hired and that employment and training opportunities for Inuit are provided in the conduct of the assessment and in keeping with subsection 14.4.7 of this IIBA. 10.2.7 If the assessment determines significant Mineral resource potential, and as agreed by the CJPMC, the GN, in consultation with NTI, shall retain a consultant to reasonably evaluate the economic significance of the Mineral resource potential identified by the assessment. 10.2.8 If the assessment indicates a significant deposit or deposits of carving stone, the GN shall engage the services of local carvers to assist in the evaluation of the economic significance of the deposits. 10.2.9 All data and information collected, and interim reports produced in connection with the assessment, shall be made available to NTI, the NJPMC, the Relevant RIA and the Relevant CJPMC. The GN shall publish, in English and Inuktitut, a complete summary of the assessment in non-technical language. 10.2.10 The information described in subsection 10.2.9 shall be used by the GN and the Relevant CJPMC in determining Park boundaries, and in developing Park Master Plans, and Management Plans. In recommending the plans to the NJPMC for approval in accordance with Article 14 of this IIBA, the CJPMC shall demonstrate its consideration of the information. 10.2.11 In its approval of Master and Management Plans pursuant to Article 14, the NJPMC shall review all relevant aspects of Parks considering the assessment undertaken pursuant to this Article. 10.2.12 If the NJPMC feels the information described in subsection 10.2.9 was not sufficiently considered by a CJPMC, the NJPMC shall so advise the GN and CJPMC and request that the GN and CJPMC further review the Plan and any alternatives the NJPMC feels should be considered, and resubmit the Plan to the NJPMC for approval.