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

Pedestrian killed on Highway 22 Saturday evening

Police say 51-year-old man died after being hit by car

UPDATE: DriveBC says highway re-opened after accident

Highway 22 closed for seven hours on Saturday

Forestry workers set to begin job action in Kootenays

Operations in Castlegar, Cranbrook, Galloway, Elko, Radium, Golden may see job action this week.

Métis Flag flies in Trail on Louis Riel Day

Area students, officials and public attend flag raising at Trail City Hall

Early Trail borrowed a couple of names from the U.S.

Place Names: Connection between Trail and Butte, Montana

1st Indigenous woman to start Canadian airline looks to B.C.’s remote regions

Teara Fraser is the first Indigenous woman in Canada to start her own airline, called Iskwew Air

UPDATE: Death of 38-year-old Fernie man at B.C. coal mine under investigation

Vehicle collision occurred at approximately 10:45 a.m. Sunday morning

Breathing polluted air during pregnancy may increase odds of baby having autism: SFU study

Study looked at nearly all births in Metro Vancouver between 2004 and 2009

Six students arrested, charged in sex assault probe at Toronto all-boys school

The school’s principal, Greg Reeves, described the video of the alleged sexual assault as ‘horrific’

Bankruptcies in British Columbia on the rise

Consumer bankruptcies climbed by 6. 1 per cent in August 2018 from the same month last year.

22 public toilets in Victoria: 136 people currently peeing

World Toilet Day floats some serious health issues

Calgary Stampeders back to Grey Cup with 22-14 win over Winnipeg Blue Bombers

Calgary was favoured to win the 2017 and 2016 Grey Cups, but lost to the Toronto Argonauts and Ottawa Redblacks respectively.

‘A giant step forward’: new $10 bill featuring Viola Desmond to enter circulation

A new $10 banknote featuring Viola Desmond’s portrait will go into circulation, just over 72 years after she was ousted from the whites-only section of a movie theatre in New Glasgow, N.S.

Searchers in California wildfire step up efforts; 77 dead

Trump arrived at the oceanside conclave Saturday afternoon after visiting Northern California to survey the wildfire damage in the town of Paradise.

Most Read