On Friday, the minister of Industry, Tourism and Investment cut the ribbon on a special kind of motherlode.

The ceremony marked the opening of the world's largest publicly accessible collection of kimberlite, the main type of rock known to produce significant diamond deposits.

SA国际影视传媒淚t might sound a little bit funny or over the top that we're here to open a warehouse with a bunch of rocks in it,SA国际影视传媒� Wally Schumann told the small crowd that had gathered.

But, he continued, mining is central to the NWT economy, and geoscience is the SA国际影视传媒渇oundation of mining.SA国际影视传媒�

The 900-square-metre Geological Materials Storage Facility, located across from the Buffalo Airways Hangar near the airport, houses about 50 kiloemtres of drill core from about 500 diamond drill holes. It's also home to glacial till and stream sediment samples, petrographic thin sections (thinly cut samples for viewing under a microscope) and geochemical powders.

Core samples stored in the unheated warehouse have been donated by exploration companies.

The facility allows prospective investors to examine existing core and could eliminate the need to travel to properties of interest and drill for new samples.

SA国际影视传媒淭he thing about mineral properties is they change hands all the time and ideas about the rocks change all the time,SA国际影视传媒� said Scott Cairns, manager of mineral deposits and bedrock mapping with the GNWT.

For example, a core may have been tested for silver in the 1960s but not for gold, copper or other elements.

SA国际影视传媒淎 decade or more ago it was quite expensive to analyze for a suite of elements,SA国际影视传媒� said Cairns. Technologicial advancements have slashed those costs.

SA国际影视传媒淣ow you can get about 32 elements analyzed for about $15 a sample,SA国际影视传媒� he said.

Semi-retired prospector Walt Humphries aid the facility will make his job SA国际影视传媒渂etter and easier.SA国际影视传媒�

Drill cores are typically stored on their respective properties, said Humphries in an interview Monday. Having all the samples in one place means prospectors can save time and money that would otherwise be spent on travelling among properties to look at different cores.

Humphries believes easy access to samples at the facility will encourage more work for prospectors.

All specimens in the facility are free, and no one company can lay claim over a core. Once a sample is in the territorial government's collection, it is available to everyone.

If a company wants to do destructive testing on a sample, they must strike a deal with the Northwest Territories Geological Survey office to ensure they as much data as possible from that sample.

That information then becomes public.

In exchange for the data, the government offers assessment credits that can go toward keeping claims in good standing.

Economically viable diamond deposits occur in about one per cent of kimberlite around the world, according to the Alberta Geological Survey.

The storage facility in Yellowknife was made possible by funds allocated to the territory through devolution.

SA国际影视传媒淚t doesn't look like much,SA国际影视传媒� said Schumann of the unheated building. SA国际影视传媒淏ut I bet you if you're in the mining industry this is a very important building when you're looking at a project.SA国际影视传媒�