News

Borealis GeoPower and LL Geothermal obtain exploration permit in Lakelse Lake BC

Lakelse lake BC Canada
Francisco Rojas 20 Jun 2014

Canadian developer Borealis GeoPower reports that it has in tandem with LL Geothermal an exploration license in BC, Canada for a project of possibly up to 15 MW.

As reported on the company website, Borealis GeoPower and LL Geothermal have obtained an exploration license in the Lakelse Lake area.

The Lakelse Lake area is located in central British Columbia, about 10 km south of Terrace, British Columbia, on Highway #37.

LL Geothermal, of whom Borealis is a Joint Venture partner, obtained a geothermal exploration permit [GP2014001] for ~2,865 hectares in the Lakelse Lake area from the Ministry of Energy and Mines on January 21, 2014. (For specific details, please see http://www2.gov.bc.ca/gov/topic.page?id=763564EF60F144F2BF7BD122CF88C231 )
[Parcel GP2014001]

Our view is that the geological environment in the Lakelse Lake area is highly conducive to developing a geothermal project. Our initial exploration and analysis suggests that we have the requisite subsurface features to continuously supply, and replenish, high temperature brines that would support ongoing power generation.

As of June 1st, 2014, we are currently entering into the initial phase of our surface exploration program.
Dependent on successful exploration results, the ultimate goal of the project is to develop and put into service a +/- 15 MW (net) geothermal power plant.

Source: Borealis Geopower Website