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

Okanagan RCMP look for owners of various keys located during arrest

RCMP seek to reunite the owners of various keys found at the arrest of suspects in a stolen vehicle.

VIDEO: This is what buying legal pot in B.C. looks like

Take a look inside B.C.’s first and only legal pot shop located in Kamloops

Salmon Arm pot shops close as cannabis becomes legal in Canada

Three of four local marijuana dispensaries have already applied for licences

North Okanagan-Shuswap trustee hopefuls state stance on education

Retired teachers association holds forum for School District 83 board candidates

Shuswap goat delivery way above quota

Hillside Dreams Callekno produced sextuplets, a rare event among goats

Mellow opening to B.C.’s only legal pot shop

About five people lined up early for the opening of the BC Cannabis Store in Kamloops.

Video: Trustee candidates outline why they’re running

Ten candidates hope to claim one of the two trustee positions available for Salmon Arm

Jagmeet Singh says marijuana pardons are not enough

Trudeau government will streamline pardon process for Canadians convicted of simple possession of marijuana in the past

BC Ferries begins taking debit in two-month pilot project

Company is giving customers option to use Interac on two-month trial on select vessels

Caregivers banned from smoking, growing cannabis around children-in-care: MCFD

Ministry has limited cannabis use for caregivers, stating it may “pose a risk to children and youth.”

Cheaper strains sell out within minutes on online BC Cannabis Store

Province says new strains will become available in the coming months

Only 40% of B.C. car dealerships have electric cars available: report

Researchers found buyers frustrated at the lack of options

Most Read