By Carl BR Johnson
Revelstoke has a long history of mining and it continues to be an active member of the mining community to this day.
The first discovery of placer gold in the mid-1860s solidified Revelstoke’s geographic location as a prolonged source of mineral wealth.
Pronounced plas-er not pley-ser, placer gold is gold that has been picked up from the original host rock and ‘placed’ elsewhere due to natural forces – most likely thanks to the action of a river or an active glacier.
Fast forward to the 21st century and the J&L property, 35 km north of Revelstoke, has been hailed as one of the largest undeveloped precious and polymetallic deposits in B.C..
A spokesman for the B.C. mining ministry says that property is currently the focus of a major underground diamond drill exploration program.
In June of 2012, Huakan International Mining Inc., who has a 100 per cent controlling interest in the mine, completed its Phase II drilling program which revealed that the mine also has contains traces of zinc, silver and lead.
The Phase II program effectively doubled the initial mineral tonnage estimates in the so-called ‘Main Zone’ of the mine.
In addition to several gravel pits in the Revelstoke area, there are occurrences of copper, zinc, lead, silver gold, molybdenum and industrial minerals such as garnet.
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In the mid-1980s, the Goldstream Mine provided opportunity for local employment until its closing in the mid-1990s.
That mine contained primarily copper, zinc and silver and was situated approx. 90 km north of Revelstoke.
A ministry spokesman said that in 2012, mineral exploration expenditures in B.C. were up 50 per cent – well over $600 million.
The much hyped ‘B.C. Jobs Plan’ goal is to have eight new mines opened elsewhere in B.C., and nine more expanded by 2015.
Since the B.C. Jobs Plan was released, the province has approved six major expansions of existing mines in addition to the massive Copper Mountain Mine, near Princeton.
It began production in June 2011 and two new mines have begun production with three more which are now under construction.
The province’s revenue sharing agreements with First Nations, low corporate taxes, rich mineral deposits, world-class infrastructure and an abundant source of clean and affordable energy all combine to make B.C. an attractive proposition for mining investors.