Geoscience BC has announced that it is launching a new 'Search' project in northwest British Columbia (B.C.), Canada, to help explorers identify new mineral deposits and diversify the local economy.
It is hoped that the project will bring renewed exploration interest to the area, which has recently seen Pretium Resources Inc.'s Brucejack project begin development work toward commercial production.
The project will consist of a 6700 km2 airborne magnetic survey between Terrace and Smithers at close line spacing, providing detailed data to attract exploration and investment to the area. Precision GeoSurveys Inc. has been selected to fly the survey.
Complementing LNG projects
Bill Bennett, Minister of Energy and Mines, said: "These types of surveys are vitally important in identifying new mineral deposits and diversifying local economies […] The northwest is a very prospective area and regional geoscience programmes like Search stimulate much-needed mineral investment and help complement other projects in northwestern BC, such as LNG projects."
Robert Quartermain, Chairman and CEO of Pretium Resources Inc. and Geoscience BC Board member, added: "This high resolution airborne magnetic survey will provide the public with much more detailed information about the area's mineral potential compared to the data that are currently available […] Mineral exploration is a high risk business venture but it has the potential to provide a significant economic return. The airborne information helps reduce some of the discovery risk and attract the investment that can lead to the discovery of new mines."
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11092015/geoscience-bc-launches-new-project-to-help-explorers-1271/