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

Local rock hound carves a 9-tonne granite grizzly bear

Chilliwack’s Paul McCarl’s about to complete a carving project 14 years in the making

Auditors couldn’t tell if Fraser Health executives bought booze on taxpayers’ dime

Review from 2014 says one administrator bought Bose headphones on company credit card

GW Graham basketball star signs on with Trinity Western Spartans

Grizzly grad Jaya Bannerman is opting to stay close to home after graduating in June.

Metro gas prices hit 155.7 cents a litre and higher

Lower Mainland could see 1.60 cents by April

WATCH: Giant Flowers artwork going up at Evans roundabout in Chilliwack

The artwork installation Tuesday was causing very little traffic disruption for Chilliwack drivers

Ottawa proposes restricted pot labels, packages

Packaging will include red stop sign with marijuana leaf and ‘THC’

B.C.-pioneered wood construction on a roll internationally

Washington state considers mandatory engineered wood for public buildings

Cops say gun-toting robbers used fake police lights to pull over victims

Information wanted on North Shuswap robbery, police impersonation, burnt vehicle, motorhome theft.

BCHL Today: Surrey Eagles and Powell River Kings close to advancing

BCHL Today is a (near) daily look at what’s going on around the league and the junior A world.

Plane filled with smoke lands at Nanaimo Airport

WestJet flight came in from Vancouver

VSO to perform ‘Star Wars’ music while 1977 movie plays on big screen

Three shows for the classic at iconic Orpheum Theatre this summer

B.C. emergency alert system being tested Wednesday

Alarm tone and message will play on TV and radio

BC Conservatives pumped by poll results

Surge in popularity has BC party picturing elected representatives in Victoria

5 to start your day

A serious crash in Langley, Surrey man wanted in connection to vicious assault and more

Most Read