CRA rules that drilling from an abandoned mine qualified as para. (f) CEE
CRA ruled that expenses of drilling from an abandoned mine to delineate a deposit at the pre-feasibility study phase qualified under para. (f) of the Canadian exploration expense definition. Although the ruling letter is heavily redacted, more details are provided in a ruling (2014-0534121R3) on the project at an earlier stage. The two ruling letters, when read together, may imply that CRA accepted that work conducted between the first and second rulings, which consisted mostly of analyzing data from drill holes that were drilled by previous owners of the mine and from drill core assays left by them, in order to arrive at an inferred or indicated resource, qualified as CEE.
Neal Armstrong. Summary of 2016 Ruling 2016-0639671R3 under s. 66.1(6) - Canadian exploration expense – para. (f).