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Major copper shift in BC's Golden Triangle highlights region's mineral potential
Summary
Provincial and federal strategies and developing First Nations partnerships are advancing plans to develop Northern B.C.'s Golden Triangle, which Natural Resources Canada reports holds about 75% of Canada's known copper reserves and large quantities of other critical minerals.
Content
Northern British Columbia is seeing renewed efforts to develop the Golden Triangle's mineral resources. Provincial and federal strategies are being coordinated to unlock deposits in the area. First Nations are reported to be forming partnerships intended to share economic benefits and protect traditional territories. The region is described as rapidly emerging into a multi-billion-dollar component of Canada's nation-building agenda.
Key facts:
- Natural Resources Canada reports about 75% of Canada's known copper reserves are in B.C.'s Golden Triangle.
- The region is reported to host more than 230 million ounces of gold, 650 million ounces of silver, 8 billion pounds of zinc, 4.3 billion pounds of nickel and 27 million pounds of cobalt.
- The article notes prices for copper, gold and silver are at historic highs and that Western nations are seeking secure supplies of critical minerals.
- Michael Goehring, president and CEO of the Mining Association of British Columbia, is quoted saying the region represents significant opportunities for critical minerals development.
- Respondents to the Fraser Institute's Survey of Mining Companies ranked B.C. fourth in the world for pure mineral potential, behind Alaska, Finland and Russia.
Summary:
The concentration of critical minerals and coordinated policy attention have drawn notice from industry and government and are being presented as strengthening Northern B.C.'s economic role within Canada's nation-building plans. The global mining sector's interest is reported alongside local partnership efforts. Undetermined at this time.
