Northern Vancouver Island GeoScience Exploration

Geoscience BC

Sources of Funding
ICET:$400,000
Geoscience BC:$530,000
Total Budget: $930,000
Quick Facts: 

Since Geoscience BC released the airborne magnetic survey in January 2013, over 16,000 hectares of new mineral exploration claims have been staked on Northern Vancouver Island.

The Northern Vancouver Island region has faced a serious decline in the natural resource sector which has led to a population decline in most of its communities.  The region is now focused on finding new high value employment opportunities to retain its residents and attract new families.  With a strong history of mineral exploration and mining, a geoscience exploration project was a good fit for the region.

Developed in collaboration with all the communities and First Nations of the North Island area, the geoscience exploration project, completed in 2014, included a high-resolution airborne geophysical survey of the northwestern tip of the Island, as well as a geochemical and stream sediment sampling and analysis program.  The project also included First Nations and community workshops related to exploration and mining.

The results of the airborne survey and geochemical program were released in early 2013.  Early results of exploration are promising and have yielded new staking of claims by multinational corporations and well as private sector economic activity related to further exploration. 

2,500
person years employment created (construction phase)
50
locally elected officials and MLAs working together
$10.4
million annual provincial government revenue generated
2,600
post completion jobs created
$4.6
dollars leveraged for every ICET dollar invested
$230
million leveraged into the region
$49.1
million disbursed
$50.9
million committed
185
economic development projects
150
projects completed
36%
projects in small (less than 5,000) communities
50+
communities with ICET projects

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