May 28, 2013
Geoscience BC Releases Geochemical Results from Northern Vancouver Island Exploration Geoscience Project

 To download the Northern Vancouver Island geochemcial data set, go to
http://www.geosciencebc.com/s/DataReleases.asp



Geoscience BC and the Island Coastal Economic Trust (ICET) are pleased to announce the release of the results of a regional geochemical sampling and reanalysis program conducted on Northern Vancouver Island last summer. The sampling program is part of the Northern Vancouver Island Exploration Geoscience Project, which was funded by Geoscience BC and ICET, and has received generous support from the Ministry of Jobs, Tourism and Skills Training through the Campbell River Regional Economic Investment Initiative and Rivercorp, the Campbell River Economic Development Corporation.

The Northern Vancouver Island (NVI) Exploration Geoscience Project was developed by Geoscience BC to generate new geoscience information in an area that has a strong history of mineral exploration and mining but today is under-explored. Island Copper is a past-producing mine in the area, and local communities are looking for new opportunities to diversify their economies.

"This new data will provide a key competitive advantage to North Vancouver Island communities and First Nations seeking to attract high value investment in the region. We are pleased to see positive early results, and look forward to the benefits that new staking and further exploration will provide to our communities and businesses," stated ICET Chair Phil Kent. "This project is an excellent example of how collaboration between ICET, Geoscience BC, the Ministry of Jobs, Tourism and Skills Training, North Island First Nations and communities can leverage the region's assets into high value employment opportunities."

The project area includes the communities of Campbell River, Port Hardy, Port McNeill, Alert Bay, Port Alice, Sayward and Zeballos. The project has also worked with partners to deliver information on geoscience, mineral exploration and mining to local First Nations and communities through interactive workshops and information sessions.

"We are happy to have been a part of this highly collaborative effort on the NVI Geoscience project from the beginning" said Nanwakolas President Dallas Smith. "This kind of coordination will help to ensure that the results of the project lead to much needed exploration activities and sustainable mineral development for the region."

The Northern Vancouver Island Exploration Geoscience Project was launched in July 2012, and includes two separate technical activities: an airborne magnetic survey (results released January 28, 2013) and a regional geochemical program. The regional geochemical program itself consists of two parts: the reanalysis of over 400 previously-collected till samples and the collection of over 700 new stream sediment and moss-mat infill samples. Noble Exploration Services Ltd. of Sooke, BC, managed the geochemical program.

Jacques Houle of the Vancouver Island Exploration Group said "this new scientific data in the NVI Project Release will help explorationists to generate new ideas and targets in this highly prospective area, and thereby provide new mineral resource development opportunities for the region and the province. Possible future geological, geophysical and geochemical surveys to the southeast on Vancouver Island could be just as valuable."

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

"Geoscience BC is very pleased to be releasing this new geochemical data today," said 'Lyn Anglin, President & CEO of Geoscience BC. "When merged with an earlier Geoscience BC initiative to reanalyze existing government-collected geochemical samples on Northern Vancouver Island, the addition of this new data has considerably increased the effectiveness of the area's publicly available regional geochemical dataset."

About the Island Coastal Economic Trust
The Island Coastal Economic Trust is a $50 million endowment established in 2006 by the Government of British Columbia to help diversify the economies of central and northern Vancouver Island and the Sunshine Coast. ICET funds community driven economic development initiatives in targeted sectors to spark new and sustainable regional economic growth. These sectors include: forestry, transportation, tourism, mining, energy, economic development, agriculture and aquaculture, and small business. ICET is managed by an independent Board of Directors comprised of thirteen members -- eight Mayors and five provincial appointees from the ICET Region. ICET has approved $47 million for almost 90 projects on the Island and Sunshine Coast since implementing its grant program in 2007. ICET investments have leveraged over $260 million in additional funding to the region. A full overview of ICET can be found at www.islandcoastaltrust.ca.

About Geoscience BC
Geoscience BC is an industry-led, industry-focused not-for-profit society. Its mandate includes the collection, interpretation and marketing of geoscience data and expertise to promote investment in resource exploration and development in British Columbia. Geoscience BC is funded through grants from the Provincial Government and works in partnership with industry, academia, government, First Nations and communities to attract mineral and oil & gas investment to BC. For more information, go to www.geosciencebc.com.
 
 

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