An aerial magnetic survey of mineral deposits has added to previous work by private companies to encourage exploratory drilling in the area of B.C. hit hard by the mountain pine beetle epidemic.

B.C. promotes search for new mines

The B.C. government is aiming to reverse a slide in mineral exploration investment with tax credits and a new exploration survey

The B.C. government is aiming to reverse a slide in mineral exploration investment that has come after world metal prices peaked and then declined to a 10-year average level in the past two years.

Premier Christy Clark and Energy and Mines Minister Bill Bennett helped open the annual Association for Mineral Exploration B.C.’s conference in Vancouver Monday with a pair of announcements.

Clark told delegates the province’s mining exploration tax credit will be extended for another year in the B.C. budget to be tabled in February. That is expected to provide $10 million for exploration.

Geoscience BC, an industry research organization started by the province in 2005, also released results of its latest aerial survey to identify new mineral potential in the B.C. Interior.

“Every time GeoscienceBC does a project like this, in the ensuing three or four years you see a significant bump in exploration activity in the area where the survey was done,” Bennett said in an interview.

He added that much of B.C.’s Interior is covered by glacial till from the ice age that ended 10,000 years ago, making traditional mineral prospecting impossible over large areas.

He said the tax credit is similar to what B.C. provides for deep drilling and other unconventional natural gas exploration, but on a smaller scale. It supports junior mining companies and is not a subsidy to established corporations, he said.

Clark told the mining conference that the government is halfway to its election commitment of 17 new and expanded mines in B.C., including the new Mt. Milligan copper mine and others that have received permits.

She also referred to the need for a review of B.C.’s environmental assessment system.

“My belief is that the process over the years has gotten less certain, less predictable, and probably not as efficient as people would like,” Clark told reporters after her speech.

 

Just Posted

Red Cross Workers to visit Bella Coola January 23 – 25

Red Cross workers will be at the Moose Hall Jan 23-25 to meet one-on-one with individuals

Bella Coola to benefit from massive investment in coastal internet

A combined investment of $45.4 million will bring new and updated high-speed internet on the coast

Nearly $500,000 available for internships with First Nations government

Funds announced through partnership with Northern Development and Government of Canada

O’Reilly trial scheduled to start January 15 for Anahim Lake murders

O’Reilly is charged with first-degree murder

School District 49 to re-open Nusatsum Elementary in September 2018

SD49 says increasing enrollment is driving its decision to re-open the school

B.C. cougar kitten rescued after mother struck by vehicle

Conservation Officers find home for young kitten found dehydrated and frostbitten near Williams Lake

Two Canadians, two Americans abducted in Nigeria are freed

Kidnapping for ransom is common in Nigeria, especially on the Kaduna to Abuja highway

Are you ready for some wrestling? WWE’s ‘Raw’ marks 25 years

WWE flagship show is set to mark its 25th anniversary on Monday

B.C. woman who forged husband’s will gets house arrest

Princeton Judge says Odelle Simmons did not benefit from her crime

Women’s movement has come a long way since march on Washington: Activists

Vancouver one of several cities hosting event on anniversary of historic Women’s March on Washington

Liberals’ 2-year infrastructure plan set to take 5: documents

Government says 793 projects totalling $1.8 billion in federal funds have been granted extensions

Workers shouldn’t be used as ‘pawns’ in minimum wage fight: Wynne

Comments from Kathleen Wynne after demonstrators rallied outside Tim Hortons locations across Canada

John ‘Chick’ Webster, believed to be oldest living former NHL player, dies

Webster died Thursday at his home in Mattawa, Ont., where he had resided since 1969

World’s fastest log car made in B.C. sells for $350,000 US

Cedar Rocket auctioned off three times at Barrett-Jackson Co., netting $350,000 US for veterans

Most Read