CANOE REACH PROJECT: PRE-FEASIBILITY STUDY COMPLETED

​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.

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