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Mining and Exploration British Columbia 2018

Explore the mining and exploration activities in British Columbia in 2018. Discover the current mining production, ongoing exploration, proposed mines, and new discoveries in the region.

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Mining and Exploration British Columbia 2018

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  1. Mining and Exploration British Columbia 2018 Gordon Clarke BCGS Mineral Development Office AME Roundup 2019

  2. Outline • Mining Overview • Exploration Overview • British Columbia Geological Survey Activities • Summary

  3. Mining Production 2018 Canada’s largest producer of copper and coal. Canada’s only producer of molybdenum. Forecast $10.93 billion

  4. Mining Production 1998-2018 • Increase of $2.09 Billion vs 2017 preliminary estimate • Increase primarily due to: • Increased gold production • Higher copper price Q1-Q2 • Higher HCC (hard coking coal) price $10.93 Billion (forecast)

  5. Current Metal Mines • Five open pit operations • Five underground operations (Silvertip, Brucejack, Bonanza Ledge, New Afton, Myra Falls) Imperial Metals Corp. on Jan 7th announced suspension of operations at Mount Polley mine

  6. Current B.C. Coal Mines • Production is primarily metallurgical coal • Current • 7 operating open pit mines • 1 underground operation • Operations at Coal Mountain suspended Q3 2018

  7. Exploration and mining in 2018

  8. Ernst &Young LLP 2018 Mineral and Coal Exploration Survey • Joint initiative between the Province of British Columbia, Ministry of Energy and Mines and Petroleum Resources, the Association for Mineral Exploration and Ernst & Young LLP • Full report to be released at PDAC

  9. Regional Geologists Five Regional Geologists in BC based in the regional offices (2 vacant positions) One in the BCGS and 4 positions in the Health, Safety and Permitting branch BCGS/MDO co-ordinates their geoscience outputs and publishes the annual Overview of Exploration and Mining in BC publication BCGS/MDO also co-ordinates the Ernst & Young (EY) survey of BC mineral and coal exploration

  10. Exploration Expenditures • Total for 2018 $331.4 million • $281.2 Metal + other • $50.2 – Coal • Increase of $84.8 million over 2017. Second year in a row increase since 2012

  11. Exploration Expenditures by Region

  12. Exploration Expenditures by Category 2018

  13. Exploration Expenditures by stage (2017 vs 2018) Combined grassroots and early stage increase, 44.4% vs 34.7%. (Note: 2015 combined was only 15%.) 2017 2018

  14. Exploration Drilling 730,500 m in 2018 Increase of 103,500 m over 2017

  15. New Mineral Claims (ha) • 2018 total 1,961,719 (ha) • Increase of ~ 348,200 (ha) over 2017 2013 total 246,156 (ha)

  16. New Coal Licenses Issued (ha) 2018 Issued 8,852 (ha) 2017 Issued 48,118 (ha) 2016 Issued 105,991 (ha) 2015 Issued 70,806 (ha) 2014 Issued 2,839 (ha)

  17. 2018 Industry Highlights • Mining • Mine Development • Proposed Mines • New Discoveries • Ongoing Exploration

  18. Mining Highlights • Coeur Mining Inc. declared commercial production in September for the Silvertip mine. Drilling at the mine site returned excellent results (including 11.4 m of 193.3 g/t Ag, 18.3% Zn and 3.2% Pb) and located new mineralization • Conuma Coal Resources Ltd. reopened the Willow Creek mine in July • Pretium Resources Inc. announced steady production in Q2, and received government approval to increase production from 2,500 to 3,800 tpd in Q4 for Brucejack • Nystar N.V. continued with a $100 million upgrade that had begun in 2017 at Myra Falls and concentrate was being produced by the fall Silvertip (Ag, Zn, Pb) Brucejack (Au, Ag) Willow Creek (Coal) Myra Falls (Zn, Cu, Pb, Au, Ag)

  19. Mine Development Centerra Gold Inc. – Kemess Underground (KUG) Project • Porphyry Cu-Au-Ag deposit • Probable reserves of 107.4 Mt grading 0.27% Cu, 0.54 g/t Au, 1.99 g/t Ag • Provincial and Federal environmental assessment certificates in place • Mines Act permit issued in July • Some on site excavation at existing portals undertaken • Anticipated mine start-up date of 2022

  20. Proposed Mine Highlights • Newmont Mining Corporation purchased Novagold Resources Inc.’s 50% ownership of the Galore Creek project. Teck Resources Limited owns the remaining 50%. A prefeasibility study is to be undertaken over a three to four year period. The project has P+Pr reserves of 528 Mt at 0.59% Cu, 0.32 g/t Au, 6.02 g/t Ag • Seabridge Gold Inc., continued to announce good results for drilling of the Iron cap deposit at their KSM project. Results included 548 m grading, 0.44% Cu, 0.63 g/t Au. Results will be used for a new resource estimate. The project has P+Pr reserves of 2.198 Bt at 0.21% Cu, 0.55 g/t Au, 2.6 g/t Ag and 0.00426% Mo • IDM Mining Ltd. received a Provincial EAC in October and just received a Federal EAC for the Red Mountain project. Successful exploration was ongoing and a new resource estimate was released. On Jan 7, 2019 it was announced that Ascot Resources Ltd., planned to acquire IDM. The project has M+I resources of 2.77 Mt grading 7.91 g/t Au, 22.75 g/t Ag Galore Creek (Cu, Au, Ag) KSM (Cu, Au, Ag, Mo) Red Mountain (Au, Ag)

  21. Proposed Mine Highlights (cont.) • HD Mining International Ltd., has its Provincial and Federal EAC’s and in April received its Mines Act permit for the proposed Murray River coal mine. A final investment decision is required by HD’s parent company China Huiyong Holdings. The project has Proven reserves of 261 Mt mineable coal • New Gold Inc., continued to advance its EAC process in 2018 for the Blackwater project. A major drilling program of up to 75,000 m over five years is planned to extend the resource and collect material for metallurgical studies. The project has P+Pr reserves of 344.4 Mt at 0.74 g/t Au, 5.5 g/t Ag • The Ruddock Creek project is a joint venture with Imperial Metals Corporation (50%), Mitsui Mining and Smelting Co. Ltd. (30%) and Itochu Corporation (20%). Japan Oil, Gas and Metals National Corporation funded a 2018 drilling program and can earn 1.57% of Imperial’s interest. Results included 21.7 m grading 17% Zn, 3.4% Pb, 2.41 g/t Ag. The project has M+I resources of 6.25 Mt at 6.5% Zn, 1.33% Pb Murray River (Coal) Ruddock Creek (Zn, Pb) Blackwater (Au, Ag)

  22. New Discoveries • GT Gold Corp. reported discovering a new porphyry at their Tatogga project’s Saddle North Target. Results included 363 m grading 0.51% Cu, 1.02 g/t Au, 1.72 g/t Ag • Golden Ridge Resources Ltd. reported discovering a new porphyry at their Hank project’s Williams zone. Results included 327 m grading 0.31% Cu, 0.35 g/t Au and 1.94 g/t Ag • Surge Copper Corp. reported discovering a new copper zone 500 m northeast of their East Seel deposit at their Ootsa project. Results included 202 m grading 0.26% Cu, 0.31 g/t Au, 1.32 g/t Ag Saddle North (Cu, Au, Ag) Hank (Cu, Au, Ag) Ootsa (Cu, Au, Ag)

  23. New Discoveries (cont.) • ML Gold Corp. reported that drilling at two new targets on their Stars project intersected mineralized porphyry. Results included 204 m grading 0.45% Cu, 0.045 g/t Au, 1.64 g/t Ag, 0.0048% Mo • Westhaven Ventures Inc. reported a new epithermal gold discovery at their Shovelnose project. Results included 17.77 m grading 24.5 g/t Au, 107.92 g/t Ag. The discovery prompted B.C.’s largest 24 hour on line staking acquisition (189,197 ha) with claims recorded over virtually all open ground in the Spences Bridge belt Stars (Cu, Au, Ag, Mo) Shovelnose (Au, Ag)

  24. Ongoing Exploration • Kutcho Copper Corp. reviewed historic data for the Kutcho project deposit and selected new drill targets. Results included 28 m grading 2.09% Cu, 6.1% Zn, 65.8 g/t Ag, 0.82 g/t Au. A feasibility study is planned for 2019 • Skeena Resources Limited carried out drilling programs on their Snip and Eskay Creek projects. Results included 18 m grading 13.8 g/t Au at Snip and 31.5 m grading 10.16 g/t Au, 331 g/t Ag at Eskay Creek • Dolly Varden Silver Corporation continued with a large drilling program (29,000 m) at their Dolly Varden project. Results included 75 m grading 419 g/t Ag (including 16 m at 1,240 g/t Ag) and a new zone returned 15.5 m grading 161.4 g/t Ag Snip and Eskay Creek (Au, Ag) Kutcho (Cu, Zn, Ag, Au) Dolly Varden (Ag)

  25. Ongoing Exploration (cont.) • Garibaldi Resources Corp. continued to have drilling success at their Nickel Mountain project. Results included 6.55 m grading 6.82% Ni, 3.16% Cu along with significant Co, Pt, Pd, Au and Ag • Ascot Resources Ltd., drilled 45,800 m on their Premier/Dilworth project. Results included 20 m grading 8.04 g/t Au, 21.4 g Ag. A new resource estimate was released in December • Decade Resources Ltd. (65%), Mountain Boy Minerals Ltd. (35%) continued drilling on their Red Cliff project. Results included 4.54 m of 12.11 g/t Au and 7.26 m of 10.6 g/t Au Nickel Mountain (Ni, Cu, Co) Premier/Dilworth (Au, Ag) Red Cliff (Au)

  26. Ongoing Exploration (cont.) Turnagain (Ni, Co) • Giga Metals Corp. carried out a drill program at their Turnagain Ni-Co project. Drilling was to test new targets, provide infill, yield geotechnical information and collect samples for metallurgical testing • GT Gold Corp. continued to drill on their Tatogga project’s 2017 Saddle South discovery. Results included 40.89 m grading 9.55 g/t Au • In 2018 Itochu Corporation took on a 20% interest in Allegiance Coal Limited’s Tenas coal project. Drilling was carried out for geotechnical purposes and sample collection. A feasibility study is expected early in 2019 Tatogga, Saddle South (Au, Ag) Tenas (Coal)

  27. Ongoing Exploration (cont.) • ZincX Resources Corp. released a new Preliminary Economic Assessment for its Akie SEDEX project • Kwanika Copper Corporation drilled at their Kwanika projects Central zone deposit. The program was part of an ongoing Pre-Feasibility Study. Results included 500.3 m grading 0.66% Cu, 0.80 g/t Au, 2.24 g/t Ag • Ethos Gold Corp. announced continuous chip sample results for two trenches at their Pine Pass project. Trench 1 returned 198 m grading 0.326% V2O5. Trench 2 has an offset and returned 29 m grading 0.52% and 130 m grading 0.54% V2O5. The trenches are 1100 m apart Akie (Zn, Pb, Ag) Kwanika (Cu, Au, Ag) Pine Pass (V)

  28. Ongoing Exploration (cont.) • Sun Metals Corp. carried out a comprehensive program including drilling on their Stardust project. Results included 100 m grading 2.51% Cu, 3.03 g/t Au, 52.5 g/t Ag, 0.41% Zn • Barkerville Gold Mines Ltd.’s multi target Cariboo Gold project is the largest in the South Central region. In 2018, 123,000 m of drilling was carried out returning good results. A new resource estimate of M+I 8.11 Mt grading 6.1 g/t Au was released • The Harper Creek deposit has P+Pr reserves of 716 Mt grading 0.26% Cu, 0.029 g/t Au, 1.18 g/t Ag. In December Taseko Mines Limited announced an agreement to acquire the project from Yellowhead Mining Inc. Stardust (Cu, Au, Ag, Zn) Cariboo Gold (Au) Harper Creek (Cu, Au, Ag)

  29. Ongoing Exploration (cont.) • Blackstone Minerals Limited announced drill results for their Little Gem project. Results released in early 2018 for 2017 drilling included 4.3 m grading 1.0% Co and 15 g/t Au. Sampling in 2018 identified new drill targets for 2019 • Copper Mountain Corporation (75%) and Mitsubishi Materials Corporation (25%) drilled over 10,000 m on their New Ingerbelle deposit adjacent to their Copper Mountain mine. M+I resources for the deposit are 151.3 Mt grading 0.29% Cu, 0.18 g/t Au, 0.57 g/t Ag. A preliminary economic assessment indicates favourable economics using existing infrastructure Little Gem (Co, Au) New Ingerbelle (Cu, Au, Ag)

  30. Ongoing Exploration (cont.) • Amarc Resources Ltd. continued to drill at their Ike project. Results included 222 m grading 0.35% Cu, 0.022% Mo and 2.4 g/t Ag • GGX Gold Corp. continued to drill at their Gold Drop project. Recently reported results for the COD vein include 6.9 m grading 107 g/t Au, 880 g/t Ag and 7.3 m grading 129 g/t Au, 1,154 g/t Ag • Pacific American Coal Limited announced initial drilling results for 8 RC holes and one large diameter core hole for their Elko coking coal project. All holes intersected multiple coal seams. An updated JORC resource statement is expected early in 2019 Ike (Cu, Mo, Ag) Elko (Coal) Gold Drop (Au, Ag)

  31. British Columbia Geological Survey • Deposits studies • Nb, REE – rich fersmite from the Mount Brussilof magnesite deposit • Age constraints on the Rock and Roll and Granduc deposits • Regional Mapping and compilation • Geology of the Nicola Group in the Bridge River – Quesnel area • Preliminary geology of the northern Hogem batholith • Geochemistry and petrography of the Cache Creek Group in the Decar area • Geology of the Tsaybahe, Stuhini and Hazelton groups south of Dease Lake • Databases • A data model for geochemical databases at the BC Geological Survey

  32. MapPlace 2 MapPlace 2 is the new BCGS web service launched in 2016. User Guide (IC 2017-3) MapPlace 2 goes beyond simply displaying information Databases are continuously updated and “talk” to each other, enabling users to conduct queries and generate custom results by connecting to current data from many sources

  33. Summary • Forecast value of mine production increase • Investment in known deposit projects for the purpose of development • Exploration expenditures, second year of increase since 2012 • Exciting new discoveries being made

  34. 2019 publications are now available Please visit our booth #617 or go on-line at www.gov.bc.ca/mineraldevelopment

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