Vancouver-based Gold Reach Resources is in the midst of advancing its large Ootsa copper and gold (Cu-Au) porphyry deposit. The mineral exploration and development company owns a 100 percent interest in the 47,080-hectare property, located in the Omineca Mining Division of northwest British Columbia.
“Since 2011, we started taking a new approach to project exploration, compiling more information and looking at the science of these targets,” says Dr. Shane Ebert, president. “Last year, we drilled 45,000 meters at our property. We feel we will be able to attract major mining companies because we will have enough contained copper, gold and other metals.”
In a growing industry, there is always more to learn. The boom in oil and gas, aided greatly by the development of hydraulic fracturing, has bolstered economies in states such as North Dakota. The International Energy Agency projects the United States could even surpass Saudi Arabia and Russia to become the world's biggest oil producer by 2020. The technology to retrieve these once-trapped reserves has been in place for a few years, and Tony Little, founder and president of Fortress Proppants, says the industry is still perfecting the art of hydraulic fracturing.
Any geologist can tell you that all sands are not created equal. The typical landowner, however, doesn’t always know that fact. Because of hydraulic fracturing, the oil and gas industry is in the middle of a boom, which means related suppliers, vendors and consultants, have seen the same bump in business.
According to Lee White, president of Del Sol Industrial Services, news reports of sand used in hydraulic fracturing resulted in a kind of gold rush in the industry. While some may have the real deal sitting on their property, others are handling “fool’s sand.”
The Schaft Creek Project in northwestern British Columbia has been extensively explored and drilled since its discovery in the 1950s, but it remains one of Canada’s largest undeveloped copper-molybdenum-gold-silver porphyry deposits. This is why when Copper Fox Metals – a small, private entity – got the option to acquire a 100 percent working interest in the project from Teck Resources in 2002, Copper Fox went public and moved forward on what it saw as a lot of potential in Schaft Creek.
A supplier of new and refurbished modular refinery equipment, Chemex LLC links clients’ oil and gas project needs with new or existing, used modular plants and equipment. Based in South Jordan, Utah, the company has a fabrication facility in Bakersfield, Calif., and is expanding fabrication to Houston.
“We’ve done design and engineering in Utah and fabrication and shipping in Bakersfield,” Director of Business Development Cody Summerhays says. “We’re designing our new Houston facility.”