The company has mineral rights to a large, proven talc-magnesite deposit located about 300 km north of Vancouver, B.C., which is amenable to open pit mining. Its goal is to bring the property into production and build a $15 million processing plant in the lower Fraser Valley.
While there are an estimated 38 known major deposits of talc in the province, none are currently in production. According to the Western Economic Diversification agency which provided some federal assistance to Pacific Talc, the new facility could have the potential to replace the 51,000 tonnes (1987) of talc annually imported to the region from eastern Canada and the U.S.
In addition, the company hopes to displace a large proportion of the 360,000 tonnes of kaolin imported each year by pulp and paper mills in British Columbia and the Pacific Northwest.
As part of the feasibility study the company will process a 50- tonne bulk sample to prove the proposed processing method and the quality of the ore. If pilot testing is successful, the company would then proceed with mine planning and development, construction of an access bridge, plant site selection, engineering, design and environmental studies.
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