History
The
Duncan Lake Resources deposit was discovered in 1970 while BC Hydro was
building a road to the north end of the valley. The ensuing
discovery of magnesite, talc and dolomite confirms
that this is one of Western Canada's major deposits. This deposit
is in a very accessible area of the West Kootenays that has been
developed primarily for its extensive timber resource. This has
resulted in a good network of logging roads.
In
the late 1980s, geological work indicated that there is a
significant resource located on the property. The first reports of
talc, and later magnesite, were noted in the early 1970’s during
the construction of the ‘new’ Duncan Lake Main FSR where it cut through
the Bluff Area 28 km north of the Glacier Creek provincial campground on
the east shore of Duncan Lake.
In
the recent several years, the demand and also the price for Mg0
has risen significantly. DLR has therefore focused more effort
toward developing these resources. With the expanding market for
magnesite in the construction industry, DLR is working to produce raw
and calcined magnesite for the growing construction paneling
market and other markets.
Permitting
is in progress, but the actual date for final production permits cannot
be yet determined. However, in-company economic reviews indicate
that future production will yield significant dividends. The
objective at this date is to continue putting pressure on government
agencies to accelerate the needed permit approvals.
Any questions can be directed to:: Ed Lawrence at 250-768-5554 or edlaw@shaw.ca and also at info@duncanlakeresources.ca