Gordon Clarke

Director, Mineral Development Office, BC Geological Survey

Gordon Clarke is the Director of the Geological Survey of British Columbia’s Vancouver-based, Mineral Development Office. Mr. Clarke holds a B.Sc. in Geology from Acadia University and an M.Sc. in Geology from the University of New Brunswick. Mr. Clarke has over thirty years of experience working in mineral exploration and mining. He was a principal owner of Aurora Geosciences Ltd. before working as a senior mine geologist and superintendent of exploration for Diavik Diamond Mines Inc. After leaving Diavik in 2007, he held public company officer positions as President and Vice President Exploration for North Arrow Minerals Inc. and Vice President Exploration for Elgin Mining Inc.

Abstract

Mineral Exploration and Mining in British Columbia, 2021

Mineral and coal production for 2021 continued to be a major contributor to the provincial economy, and higher coal prices resulted in the Willow Creek coal mine re-opening. One metal mine (Silvertip, silver-lead-zinc) was expected to restart, but Coeur Mining Inc. is instead assessing the potential for a larger scale expansion due to successful exploration results.

Although mining and exploration continued to successfully adapt to COVID-19, floods late in the year caused disruptions. Nonetheless, exploration activity in British Columbia increased relative to 2020, continuing an upward trend that began in 2019. Commodity prices, particularly for coal, gold and copper remained strong. The value of mining production increased significantly. Acquisitions highlighted the quality of BC projects and the province’s attractiveness for investment. For example, Newmont Corporation acquired GT Gold Corp. for approximately C$393 million and now holds the Tatogga project, which includes the Saddle North porphyry copper-gold deposit. Hochschild Mining PLC intends to take over as operator of Skeena Resources Limited’s Snip Gold project, spending a potential C$115 million. Newcrest Mining Limited announced its having entered into an agreement to purchase Pretium Resources Inc.’s Brucejack gold mine for approximately C$3.5 billion.

Numerous revised resource estimates were announced, and initial resource results were reported for the Lawyers project (Benchmark Metals Inc.) and Treaty Creek project (80% Tudor Gold Corp., 20% Teuton Resources Corp.). Preliminary economic assessments were announced for the Schaft Creek Cu-Mo-Au-Ag project (75% Teck Resources Limited, 25% Copper Fox Metals Inc.) and the Wicheeda REE project (Defense Metals Corp.).

Kutcho Copper Corp. released a feasibility study for their Kutcho copper-zinc project, Artemis Gold Inc. released a feasibility study for their Blackwater Gold project, Newcrest Mining Limited (70%) and Imperial Metals Corp. (30%) released a pre-feasibility study for block cave mining at the Red Chris copper-gold mine, Skeena Resources Limited released a prefeasibility study for their Eskay Creek gold-silver project, and Spanish Mountain Gold Ltd. released a pre-feasibility study for their Spanish Mountain gold-silver project.

Many companies reported excellent results from large drilling programs for both copper and precious metal projects. The potential of deep porphyry targets continues to be highlighted with continued announcements of high-grade intersections. Reports of new discoveries and significant results continue for precious metals, base metals and other commodities, supporting BC’s reputation as a premier exploration and mining jurisdiction.

Speaking at

Regional Overviews

January 31, 2022 @ 10:00 am - 11:45 am PDT