Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
New results of projects funded by Geoscience BC provide valuable information on potential precious and base mineral deposits in an area between Penticton and the Kimberley area in BC’s Kootenay-Boundary region.
The project Geological mapping, compilation and mineral evaluation, Penticton map sheet, east- half (082E/East), southern British Columbia presents new geological interpretations based on field mapping integrated with existing regional geological, geophysical and geochemical information. Today’s release includes a new geological map for the Christian Valley, north of the Greenwood gold district.
Paleomagnetic evidence for extreme block faulting east of the Rocky Mountain Trench near Kimberley, BC is a project that improves understanding of faults in the region. This new interpretation is important in the search for geological environments similar to the nearby world- class Sullivan zinc, lead and silver deposit.
“The results from these projects could breathe new life into mineral exploration in these highly- prospective areas,” said Geoscience BC Vice-President of Minerals and Mining Bruce Madu. “We believe that this latest information will be of great interest to those exploring for minerals and managing resources in BC’s Kootenay-Boundary region.”
Minerals like lead and silver found in the Sullivan deposit are vital in the production of solar panels, such as those found at Kimberley’s SunMine—BC’s largest solar project. In 2017, a Clean Energy Canada report identified that 14 of the 19 metals and minerals required to make solar panels can be found in Canada.[1]
Accessing information
New maps and project reports are available for anyone to view on the Geoscience BC website www.geosciencebc.com, which includes the free Earth Science Viewer web mapping application.
View Project page 2014-006 and Earth Science Viewer
View Report 2017-09 and Earth Science Viewer
About Geoscience BC
Geoscience BC is an independent, non-profit organization that generates earth science information in collaboration with First Nations, local communities, governments, academia and the resource sector. Our independent earth science enables informed resource management decisions. Geoscience BC gratefully acknowledges the financial support of the Province of British Columbia.
