BRITISH COLUMBIA Mineral Exploration and Mineral Exploration and Mineral Exploration and Mining Overview - 2008 Mineral Exploration and Mining Overview - 2008 Jay Fredericks and David Lefebure BCMi i t fE Mi &P t l R Jay Fredericks and David Lefebure BCMi i t fE Mi &P t l R BC Ministry of Energy Mines & Petroleum Resources BC Ministry of Energy Mines & Petroleum Resources Minerals North April 22, 2009
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BRITISH COLUMBIA
Mineral Exploration andMineral Exploration andMineral Exploration and Mining Overview - 2008
Mineral Exploration and Mining Overview - 2008
Jay Fredericks and David LefebureBC Mi i t f E Mi & P t l R
Jay Fredericks and David LefebureBC Mi i t f E Mi & P t l RBC Ministry of Energy Mines & Petroleum ResourcesBC Ministry of Energy Mines & Petroleum Resources
Minerals North
April 22, 2009
Acknowledgements
Regional GeologistsRegional Geologists (L to R)
Dave Grieve (Cranbrook)Dave Grieve (Cranbrook)
Bruce Madu (Kamloops)
Bruce Northcote (Vancouver)
John Degrace (Prince George)
Paul Wojdak (Smithers)
2008 Value of Mineral Production: $6.7 Billion
(preliminary)
ZincSilver
CoalOthers
Gold4%
1%1%Ind. Min
10%
Coal45%
Aggregates
O e s9%
Copper25%
5%
BC Mineral Exploration Expenditure
$367 million in 2008$
400450
250300350400
100150200250
050
100
1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 21974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
Current Economic SituationCurrent Economic SituationJanuary - Present
Coal prices: currently $125 – $130/tCoal prices: currently $125 $130/t Copper prices: currently $2.15-2.20/lbGold prices: currently $860 886/ozGold prices: currently $860-886/ozMolybdenum: currently $7-10/lb
vs ?vs ?
British ColumbiaBritish Columbia Industry Activities
• Free Publications – Available Here
New Mines and Mine DevelopmentsNew Mines and Mine DevelopmentsRuby Creek
Kutcho Creek CoalMine Development
Tulsequah Chief
Schaft Creek
BruleFive Cabin
Mount Klappan
Bear River
Galore CreekRed Chris
Morrison
Metal
Aggregate /Industrial
Willow Creek
HermannKerr-Sulphurets
Schaft Creek
Gething
Mount Milligan
Goodrich
Cariboo Gold Quartz
Bear RiverSwamp Point
Davidson
MorrisonMinerals
Trend
Wolverine
QR (shutdown)
Roman Mtn
N AftMAX
Prosperity
Gibraltar
Mount Polley
New Afton
S h lt
Eagle Rock
Hills Bar
Cogburn
Lodgepole
Orca
Lexington-Grenoble
(shutdown)
January 2009Sechelt
Since 2005
Coal
Established New Proposed
Coal Projects
Established New ProposedFording River Trend GethingElkview Wolverine Horizon Greenhills Willow Ck LodgepoleGreenhills Willow Ck LodgepoleLine Creek Hermann Coal Mountain Roman MtnQuinsam CrowsnestQuinsam Crowsnest
ExplorationpBlue RiverCommerce Resources Corp.• 26,000 m drilled
Pyrochlore
Nickel Exploration
TurnagainHard Creek Nickel
• Working on gmetallurgy, engineering and baseline environmental data.
B C Geological SurveyB.C. Geological SurveySharing Geoscience Expertise
Till prospecting workshopsworkshops
Mineral potentialMineral potential assessments
B C Geologic SurveyB.C. Geologic SurveyPublications and Data Releases
• Geological Fieldwork• 19 articles
• 14 Open Files & Maps• 19 Geofiles• 5 Information Circulars• 800 Assessment Reports• 18 Industrial Mineral
Deposit Profiles
Staking in theStaking in the Chilanko Area 093C
• 12,400 hectares, • 30 titles staked
during Roundup
• Showings:Showings:
Fit – Cu, AgEjowra – Cu, AgET – Cu, Ag, AuErratic – Cu, Ag
Open File 2009-6Geology Map
New Till GeochemicalNew Till Geochemical Release
Open File 2009-4Till Geochemical Exploration
Targets, Babine Porphyry Copper Belt, Central British Columbia
• 509 till samples re-analyzed• Two new till geochemical exploration
targets identifiedR lt d i 1320 h t ki Nilkitk• Resulted in 1320 ha staking – NilkitkwaRiver target
British ColumbiaBritish Columbia Mineral Development Office
Our Mandate:
• Promote B.C.’s mineral exploration and mining industries
• Point of contact for industry on issues
• Provide information about B.C.’s mineral and coal resources
Asia Investment Initiative
• Meet potential business partners or investorsp
• Develop relationships with Asian businesses and governments
• Participate in the Canada-China Mining DayChina Mining Day
• Participate in China Mining October 20-22 2009 inOctober 20 22, 2009 in Tianjin, China
Agreement signing ceremony in Beijing between Goldbrook Ventures and Jilin Jien
November, 2008
Recent InvestmentsRecent Investments From Asia
September 2008Compliance Energy signs agreement with Itochu C (J ) d LG I t ti l C (K ) fCorp. (Japan) and LG International Corp (Korea) for the Raven Coal Project
October 2008Copper Mountain Mining concludes MOU withCopper Mountain Mining concludes MOU with Mitsubishi Materials Corp. (Japan) to develop Copper Mountain Project
November 2008G ldb k J i t V t i ti t ithGoldbrook Joint Venture signs option agreement with Jilin Jien (China) during the NDRC Canada Investment Forum following China Mining in Beijing
April 2009pNanika Resources signs joint venture agreement with Palm Clean Energy and Daewon Chemicals (Korea) on its Lucky Ship Project
P fili Y P j tProfiling Your ProjectWe Can Help!
Post It!• Post your company profile (using our
t l t ) b it f f htemplate) on our website free of chargePrint It!• We will print and distribute your profile
t f i i i i t tto foreign, incoming investment inquiries and delegations
Promote It!P id it t d ti d f i• Provide it to domestic and foreign investors looking for those opportunities
Plug It In!Pl j t i t C d ’ t k• Plug your project into Canada’s network of Trade Commissions at our embassies and offices abroad