Economic Opportunities in Mining
The Provincial Government has shown a renewed interest in the areas surounding Terrace. A new mapping program is well underway and the results are promising to say the least.
Mineral exploration activity in 2005 increased significantly for the third successive year. Exploration spending in the Northwest soared to $99.5 million, an 80% increase over 2004. Exploration
drilling rose to about 197 000 metres which demonstrates increased work on advanced properties. There were 52 large projects, 51 of which included drilling. Robust prices for copper, molybdenum, gold and coal caused many dormant prospects to be reactivated. Three major mines continue to operate in the region; two more projects hold Environmental Assessment certificates allowing development of new mines, and a further seven are in the Environmental Assessment Process.
For more detailed information visit the BC Ministry of Energy Mines and Resources .