Northern Vancouver Island Geoscience Exploration

Geoscience BC

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

Within a year of Geoscience BC publishing the airborne magnetic survey in January 2013, there were 237 new, expanded or changed mineral claims covering 503 square kilometres. Data from another survey was published in January 2020 and covered +6,000 square kilometres. By the end of February 2020, +30 new minerals claims had been staked in the area.

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. Despite falling commodity prices, there were 237 new, expanded or changed mineral tenures in the area within 12 months with claims staked by multinational corporations and local prospectors. With input from the Vancouver Island Exploration Group and communities, Geoscience BC completed an additional airborne geophysical survey to the east covering more than 6,000 square kilometres. Data was published in January 2020, with more than 30 new minerals claims staked by the end of February 2020. 

ICET By The Numbers

2,500
person years employment created (construction phase)

ICET By The Numbers

50
locally elected officials and MLAs working together

ICET By The Numbers

$10.4
million annual provincial government revenue generated

ICET By The Numbers

2,750
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$246
million leveraged into the region

ICET By The Numbers

$52.3
million disbursed

ICET By The Numbers

$55.2
million committed

ICET By The Numbers

230
economic development projects

ICET By The Numbers

210
projects completed

ICET By The Numbers

36%
projects in small (less than 5,000) communities

ICET By The Numbers

50+
communities with ICET projects

2020-2021
ANNUAL REPORT

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