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BC Mining Expenditures $220 million in 2005
Thu, January 19 2006
Vancouver — Investment in mineral exploration reached $220 million in 2005, signalling the best year for B.C.‘s mining industry in over a decade, Minister of State for Mining Bill Bennett announced today.

“We‘ve come a long way from four years ago, when exploration spending in B.C. was only $29 million,“ said Bennett. “The fact is the work of this government has been a major catalyst for the spectacular turnaround in the international mining and investment community‘s interest in British Columbia. This has supported over 4,000 seasonal exploration jobs, and we will need even more trained, skilled workers as the industry continues to grow.“

“Finding qualified employees is a significant challenge for the mineral exploration industrytoday,“ said David Caulfield, president of the Association for Mineral Exploration British Columbia (AME BC). “But the province‘s stable economy and supportive government policies have helped make B.C. the preferred international destination for exploration investment attracting more workers to the industry.“

“While the northwest has been a hotbed for growth this past year, every area of the province has prospered,“ said Energy, Mines and Petroleum Resources Minister Richard Neufeld. “There were 650 projects underway in B.C. in 2005 — up almost 40 per cent over last year, and that‘s something allBritish Columbians should be proud of.

Regionally, the projects break down as follows:

REGION # of PROJECTS EXPENDITURE

Northwest B.C. 191 $100 million
Northeast B.C. 36 $30 million
Central B.C. 122 $30 million
Thompson-Okanagan 140 $36 million
Kootenays 106 $13 million
Southwest B.C. 52 $11 million
Provincewide 3 (incorporated into above figures)

Total 650 $220 million

Bennett and Neufeld released the figures at the British Columbia Institute of Technology‘s Mining Program Facility, where students are trained in everything from basic science to all aspects of mining, exploration and surveying.

The ministry also released several different publications and maps that indicate the phenomenal growth in exploration and investment in B.C.‘s revitalized mining sector. These publications assemblefieldwork results from the B.C. geological survey. They include:

 
• Mining and Communities Maps
• Exploration and Communities Maps
• Mining Development Projects
• Exploration and Mining Activities
“More geoscience information is being produced around the province,“ said Bennett. “Mining is back in British Columbia, and this new data will lead the way to new opportunities in the north and more family supporting jobs for B.C.‘s regions.”

B.C. MINING QUICK FACTS AND STATS FOR 2005

• Exploration expenditures were $220 million, up 70 per cent from 2004.
• Over 650 exploration projects, up 38 percent from 470 in 2004.
• Drilling projects at 235, up 38 per cent from 2004.
• Mineral Tenures acquired 190,000 units, up about 400 per cent from 2004 (largely due to the success of Mineral Titles Online).
• Number of major exploration projects withbudgets in excess of $100,000 was 200, up 19 per cent from 2004.
• Number of exploration projects with budgets in excess of $1 million was 43, up 43 per cent over 2004.
• Total seasonal exploration jobs in 2005 was over 4000, up 48 per cent over 2004.
• Number of new mineral discoveries in 2005 was 28.
• Number of projects under environmental review is 18.

NEW PUBLICATIONS AND MAPS AVAILABLE

New publications available online offer a detailed review of the year in exploration and mining activities in B.C., including:

• British Columbia Mines and Mineral Exploration Overview 2005, which outlines B.C.‘s most active exploration and mining programs and helps identify new exploration opportunities:
www.em.gov.bc.ca/DL/GSBPubs/Reviews/2004/EX-REVIEW_IC2006-1.pdf
 
• Exploration and Mining in B.C. 2005, which gives a detailed technical breakdown of B.C.’s mining regions:
www.em.gov.bc.ca/Mining/Geolsurv/Publications/expl_bc/2005/toc.htm
 
• Geological Fieldwork 2005, which provides new geoscience data and helps mining companies and prospectors identify areas of enhanced mmineral potential throughout the province:
www.em.gov.bc.ca/Mining/Geolsurv/Publications/Fieldwork/2005/toc.htm

Several new maps include communities where major exploration projects benefit the surrounding regions, and identify more than 100 individual project locations, minerals and metals and the deposit type being explored. These include:

• Communities Benefiting from Exploration Map, showing those communities benefiting most from mineral exploration activity during 2005:
www.em.gov.bc.ca/Mining/Geolsurv/Publications/OpenFiles/OF2006-7/toc.htm
 
• Communities Benefiting from Mining Map, showing the communities benefiting most from mining activity:
www.em.gov.bc.ca/Mining/Geolsurv/Publications/OpenFiles/OF2006-9/toc.htm
 
• Properties for Sale Map: An updated listing of mineral properties available for sale in B.C., providing details about the property on MapPlace, commodity type, and contact number.
www.em.gov.bc.ca/Mining/Geolsurv/Publications/OpenFiles/OF2006-10/toc.htm
 
• Geology of the Central Toodoggone River Map Area
www.em.gov.bc.ca/Mining/Geolsurv/Publications/OpenFiles/OF2006-4/toc.htm

• Geology of the Upper Iskut River Area, British Columbia http://www.em.gov.bc.ca/Mining/Geolsurv/Publications/OpenFiles/OF2006-2/toc.htm