Discovery Air subsidiary signs new deal
March 11, 2011, Yellowknife, N.W.T. - Discovery Air Inc. subsidiary
Discovery Mining Services Ltd. has signed a deal creating a new majority
Inuit-owned joint-venture partnership called Logistics & Expediting
"We are extremely excited to finalize this new partnership, our third
majority aboriginal-owned joint-venture in the North to date," said Andy
Young, Discovery Mining Services President. "Given the level of
exploration activity slated to occur on Baffin Island in the coming
years, this partnership is strategically located and gives us a physical
presence in the Eastern Arctic."
Located in Iqaluit, which serves as the transportation and logistics hub
for Baffin Island and the High Arctic, Logistics & Expediting
Baffin operates under the leadership of President and General Manager
"Especially when you factor in Nunavut's growing economic importance,
specifically in the areas of mineral exploration, creation of mines,
increased scientific and federal government-related sovereignty
activity, I'm excited about what the future holds for our partnership,"
said Gunn. "Working with a proven logistics and expediting industry
leader such as Discovery Mining Services will be a terrific opportunity
for me – in addition to learning from their experts, this new company
benefits from the leveraging of their many contacts and their assistance
with the investment of capital required will allow our company to grow
much faster than I could have done otherwise."
Headquartered in Yellowknife, Discovery Mining Services designs and
constructs exploration camps and provides equipment rentals, logistics
and expediting support in remote locations across Canada. It also
maintains a satellite office and warehouse facility in Thunder Bay to
support companies active in Northern Ontario's "Ring of Fire."