Borealis GeoPower Inc. announces that they have completed a pre-feasibility study for their concession at Canoe Reach, BC, 15 km South of Valemount, B.C. Subsurface temperatures, based on available geothermometry, have been estimated to exceed 200° Centigrade at a depth of approximately 1,000 m. The reservoir area has been estimated to be approximately 30 km2 with an overall thickness of 500 m.
These results indicate 11,200 petajoules (PJ) of thermal energy in place may exist, relative to 15°C, that is estimated to be capable of yielding at least 58 MWe of continuous electrical power over a 30-year span. Subsurface confirmation drilling needs to take place before a more accurate understanding of the resource can be made.
It should be noted that this geothermal system can be considered an “Inferred Geothermal Resource” in accordance with the Canadian Geothermal Reporting Code for Public Reporting (CanGEA, 2010). Borealis GeoPower has recently performed multiple geophysical surveys including magnetotelluric, gravity and seismic surveys. These surveys, in combination with other ongoing exploratory and reservoir modelling activities, are sufficient for targeting initial test drilling sites.
The confirmation drilling plan consists of drilling up to five temperature gradient holes to depths of 200 – 1,000 m.
The successful wells are intended to energize Borealis GeoPower’s Sustainaville demonstration project – a geothermal powered and heated commercial Geo-Park. A request for budget quote for the micro-electricity plant was released last week to a short list of international vendors.
The resource estimate has been prepared in accordance with the CanGEA Code. Warren T. Dewhurst of the Dewhurst Group, LLC (DG) who is responsible for its content, prepared the pre-feasibility report. Dr. Dewhurst, the founder of DG, is a "Qualified Person" under the Code, a member of the Geothermal Resources Council and the Geothermal Energy Association and a member of both respective Boards of Directors.