Borealis GeoPower starts seismic program at Canoe Reach geothermal project, Canada
Borealis GeoPower has started a seismic characterization program at the Canoe Reach geothermal project in British Columbia, Canada.
In a release by P Squared Renewables Inc. it is announced that Borealis GeoPower Inc. has started exploration work at the Canoe Reach geothermal project in the province of British Columbia, Canada.
Borealis has initiated its Passive Seismic Reservoir Characterization program at the Canoe Reach Energy Project, one of the final steps in the pre-drilling evaluation of the Project. Passive seismic is a technique that uses seismometers to detect subsurface structures including faults and fractures without the use of man-made external stimuli. This tool has been used since the 1970’s in delineation of the subsurface geothermal structures in Iceland and California, and is most effective when used in conjunction with the additional exploratory methods exercised by Borealis. “This is a first for geothermal exploration in Canada” stated Craig Dunn, chief geologist for Borealis, “and represents a milestone in the development of Canada’s first commercial Geothermal Heat and Power Plant.”
“This is an exciting development for Borealis and P Squared. Canadians have enthusiastically endorsed recent National and Provincial government initiatives for the domestic development of renewable power sources as important contributors to the future energy mix. We are pleased to provide public investors a means of participating in Canadian-focused renewable energy projects such as the Canoe Reach Energy Project ” states Shabir Premji, Executive Chair of P Squared.
Source: Company release