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NEWS

LAKELSE LAKE PROJECT: PRE-FEASIBILITY STUDY COMPLETED

10/23/2017

 
​Borealis GeoPower Inc. announces that Kitselas Geothermal Inc. (a partnership between Borealis GeoPower and Kitselas Development Corp.) has completed a pre-feasibility study for their concession at Lakelse Lake, BC, approximately 10km South of Terrace, BC. Subsurface temperatures, based on available geothermometry, have been estimated to exceed 150° Centigrade at a depth of approximately 2,000m. The reservoir area has been estimated to be approximately 15km2 with an average thickness of 500m. 
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These results indicate 5,300 petajoules ("PJ") of thermal energy in place may exist, relative to 15°C, that is estimated to be capable of yielding at least 23 MWe of continuous electrical power over a 30-year span. Minimum subsurface information data are available. A continued surface exploration program and confirmation drilling plan that consists of drilling to a depth of no more than 2km, are anticipated.
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