BRITISH COLUMBIA

Mineral Exploration andMineral Exploration andMineral Exploration and Mining Overview - 2008

Mineral Exploration and Mining Overview - 2008

Jay Fredericks and David LefebureBC Mi i t f E Mi & P t l R

Jay Fredericks and David LefebureBC Mi i t f E Mi & P t l RBC Ministry of Energy Mines & Petroleum ResourcesBC Ministry of Energy Mines & Petroleum Resources

Minerals North

April 22, 2009

Acknowledgements

Regional GeologistsRegional Geologists (L to R)

Dave Grieve (Cranbrook)Dave Grieve (Cranbrook)

Bruce Madu (Kamloops)

Bruce Northcote (Vancouver)

John Degrace (Prince George)

Paul Wojdak (Smithers)

2008 Value of Mineral Production: $6.7 Billion

(preliminary)

ZincSilver

CoalOthers

Gold4%

1%1%Ind. Min

10%

Coal45%

Aggregates

O e s9%

Copper25%

5%

BC Mineral Exploration Expenditure

$367 million in 2008$

400450

250300350400

100150200250

050

100

1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 21974

1976

1978

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

Current Economic SituationCurrent Economic SituationJanuary - Present

Coal prices: currently $125 – $130/tCoal prices: currently $125 $130/t Copper prices: currently $2.15-2.20/lbGold prices: currently $860 886/ozGold prices: currently $860-886/ozMolybdenum: currently $7-10/lb

vs ?vs ?

British ColumbiaBritish Columbia Industry Activities

• Free Publications – Available Here

New Mines and Mine DevelopmentsNew Mines and Mine DevelopmentsRuby Creek

Kutcho Creek CoalMine Development

Tulsequah Chief

Schaft Creek

BruleFive Cabin

Mount Klappan

Bear River

Galore CreekRed Chris

Morrison

Metal

Aggregate /Industrial

Willow Creek

HermannKerr-Sulphurets

Schaft Creek

Gething

Mount Milligan

Goodrich

Cariboo Gold Quartz

Bear RiverSwamp Point

Davidson

MorrisonMinerals

Trend

Wolverine

QR (shutdown)

Roman Mtn

N AftMAX

Prosperity

Gibraltar

Mount Polley

New Afton

S h lt

Eagle Rock

Hills Bar

Cogburn

Lodgepole

Orca

Lexington-Grenoble

(shutdown)

January 2009Sechelt

Since 2005

Coal

Established New Proposed

Coal Projects

Established New ProposedFording River Trend GethingElkview Wolverine Horizon Greenhills Willow Ck LodgepoleGreenhills Willow Ck LodgepoleLine Creek Hermann Coal Mountain Roman MtnQuinsam CrowsnestQuinsam Crowsnest

Goodrich

CoalCoal Exploration

• Crowsnest (SE) – Drilling to evaluate underground mining• Goodrich (NE) – Proposed Underground bulk sample 100 000 T• Crowsnest (SE) – Drilling to evaluate underground mining• Goodrich (NE) – Proposed Underground bulk sample 100 000 T• Goodrich (NE) – Proposed Underground bulk sample, 100,000 T • Goodrich (NE) – Proposed Underground bulk sample, 100,000 T

Copper Mines

Copper-Moly MinesHighland Valley - Teck & HighmontGibraltar – Taseko Mines Huckleberry – Imperial Metals (50%)

Copper Moly Mines

Huckleberry Imperial Metals (50%)

Copper-Gold MinesppKemess – Northgate Mount Polley - Imperial Metals

Copper-GoldCopper-Gold Mine Construction

• $590 million Underground mine, 11 000 t/day

New Afton$590 million Underground mine, 11 000 t/day

Copper-GoldCopper Gold Mine Development Project

• Built access road to Km 42

Galore Creek

(106 km total length)

Copper-Gold Projects in

Environmental Assessment

• Milligan Reserves - 334 mT Prosperity Reserves 487 mTg@ 0.22 % Cu, 0.43 g/t Au Prosperity Reserves – 487 mT

@ 0.22% Cu, 0.43 g/t Au

Schaft Ck Reserves – 812 mT @ 0.30% Cu, 0.21 g/t Au,

0.020% Mo

Copper-Gold PorphyryCopper Gold PorphyryExploration

Ajax-Afton• 30,000 m drill program Native Copper, p gKSM (Kerr-Sulphurets-Mitchell)• 17,000 m program to expand

Mitchell depositK ik

Native Copper

Kwanika• 40,000 m drilled Snowfield • New Snowfield North = EastNew Snowfield North East

extension of Mitchell zoneWoodjam• Southeast zone discovered in

2007 nea Williams Lk2007, near Williams Lk

Porphyry CopperPorphyry Copper Exploration

Copper MountainCopper Mountain Mining CorpCopper Mountain Mining Corp• Drilled 60,000 m• Financing partnership with Mitsubishi• New mill & permits required

MolybdenumyMines

Endako Mine • Mill Expansion on hold p• Davidson (100% Thompson Creek)

- Project on hold

MAX Mine (Porphyry Molybdenum)

C i l d ti i A ilDeveloping Denak West Pit

• Commercial production in April; improvements continue

Porphyry MolybdenumExploration

KitsaultStorie• 20,700 m drilled; • large addition indicated by 8

• 10,127 m program to confirm and up grade resource

Pit developed

• large addition indicated by 8 step-out holes

up-grade resource

Pit developed

Volcanic Massive SulphideVolcanic Massive Sulphide Mine

Myra Falls MineBreakwater Resources Ltd

• Temporary shut down announced but may be

Ltd

averted

Volcanic Massive Sulphide pDevelopment

• New Airstrip in operation• Road built from landing to mine

Tulsequah ChiefRedfern Resources gRedfern Resources

Volcanic Massive SulphideVolcanic Massive SulphideExploration

Kutcho Creek - Capstone Mining (formerly Sherwood Copper)• Improve definition of high grade –

81 holes, 9100 m

Mine by Open Pit &Pit &

Underground

Sedex Zinc-LeadSedex Zinc LeadExploration

AkieMantle Resources Inc.

• 6200 m drilled

Volcanic “Massive” Sulphide Exploration/Environmental

Assessment

Harper CreekYellowhead Mining Inc.• Disseminated deposit, 20,000 m drilled

g

Sedex Zinc-Lead Exploration

Ruddock CreekSelkirk Metals Corp.

• 1150 m decline & crosscut to E-zone;

• 6,000 m drilled

Gold - Underground Mines

QR (skarn)QR (skarn)Cross Lake Minerals

Cassiar (vein)Hawthorne GoldHawthorne Gold

Gold-Copper Vein Mine

Lexington-GrenobleMerit Mining Corp.

• Mine start-up in June 2008

g p

• Shut-down in December

Sediment-Hosted GoldSediment-Hosted Gold Exploration

Spanish Mountain Skygold Ventures (70%) & Wildrose Resources (30%)

• 40,000 m program( )

Gold

Carbonatite:l i biTantalum-Niobium

ExplorationpBlue RiverCommerce Resources Corp.• 26,000 m drilled

Pyrochlore

Nickel Exploration

TurnagainHard Creek Nickel

• Working on gmetallurgy, engineering and baseline environmental data.

B C Geological SurveyB.C. Geological SurveySharing Geoscience Expertise

Till prospecting workshopsworkshops

Mineral potentialMineral potential assessments

B C Geologic SurveyB.C. Geologic SurveyPublications and Data Releases

• Geological Fieldwork• 19 articles

• 14 Open Files & Maps• 19 Geofiles• 5 Information Circulars• 800 Assessment Reports• 18 Industrial Mineral

Deposit Profiles

Staking in theStaking in the Chilanko Area 093C

• 12,400 hectares, • 30 titles staked

during Roundup

• Showings:Showings:

Fit – Cu, AgEjowra – Cu, AgET – Cu, Ag, AuErratic – Cu, Ag

Open File 2009-6Geology Map

New Till GeochemicalNew Till Geochemical Release

Open File 2009-4Till Geochemical Exploration

Targets, Babine Porphyry Copper Belt, Central British Columbia

• 509 till samples re-analyzed• Two new till geochemical exploration

targets identifiedR lt d i 1320 h t ki Nilkitk• Resulted in 1320 ha staking – NilkitkwaRiver target

British ColumbiaBritish Columbia Mineral Development Office

Our Mandate:

• Promote B.C.’s mineral exploration and mining industries

• Point of contact for industry on issues

• Provide information about B.C.’s mineral and coal resources

Asia Investment Initiative

• Meet potential business partners or investorsp

• Develop relationships with Asian businesses and governments

• Participate in the Canada-China Mining DayChina Mining Day

• Participate in China Mining October 20-22 2009 inOctober 20 22, 2009 in Tianjin, China

Agreement signing ceremony in Beijing between Goldbrook Ventures and Jilin Jien

November, 2008

Recent InvestmentsRecent Investments From Asia

September 2008Compliance Energy signs agreement with Itochu C (J ) d LG I t ti l C (K ) fCorp. (Japan) and LG International Corp (Korea) for the Raven Coal Project

October 2008Copper Mountain Mining concludes MOU withCopper Mountain Mining concludes MOU with Mitsubishi Materials Corp. (Japan) to develop Copper Mountain Project

November 2008G ldb k J i t V t i ti t ithGoldbrook Joint Venture signs option agreement with Jilin Jien (China) during the NDRC Canada Investment Forum following China Mining in Beijing

April 2009pNanika Resources signs joint venture agreement with Palm Clean Energy and Daewon Chemicals (Korea) on its Lucky Ship Project

P fili Y P j tProfiling Your ProjectWe Can Help!

Post It!• Post your company profile (using our

t l t ) b it f f htemplate) on our website free of chargePrint It!• We will print and distribute your profile

t f i i i i t tto foreign, incoming investment inquiries and delegations

Promote It!P id it t d ti d f i• Provide it to domestic and foreign investors looking for those opportunities

Plug It In!Pl j t i t C d ’ t k• Plug your project into Canada’s network of Trade Commissions at our embassies and offices abroad

BRITISH COLUMBIA

Th k !Thank you!