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What significant natural resource is the Northwest Territories known for?

  1. Gold

  2. Diamonds

  3. Both A and B

  4. None of the above

The correct answer is: Both A and B

The Northwest Territories is known for both gold and diamonds. Gold was first discovered there in the late 1800s, leading to a gold rush and the establishment of several mines. In the 1990s, significant diamond deposits were also found in the territory, leading to a diamond boom and the establishment of the Diavik and Ekati diamond mines. Option D (None of the above) is incorrect as the Northwest Territories does possess these valuable natural resources. Option A (Gold) and B (Diamonds) are also incorrect as they only represent individual resources, while the Northwest Territories is known for having both of these resources.