British Columbia
British Columbia is a province on the coast of the Pacific Ocean. With an area of 944.735 square km, it is the third larges province in Canada after Québec and Ontario. Mountain ranges that have folded up during the Cretaceous period run through the largest part. Vancouver is by far the largest city and centre of commerce in Canada. Victoria is the capital of British Columbia.
British Columbia appeared for the first time in history in the middle of the 19th century. Governor James Douglas shipped a cargo of ore to San Francisco to be examined in 1858. It turned out that this ore mined north of Yale on Thompson river contained gold. This discovery triggered the Fraser Canyon gold rush. But the Fraser Canyon gold rush was barely over when gold was discovered again farther inland: in today’s Cariboo District.
The expenses for exploration activities in the Canadian province British Columbia in the past year amounted to CAD 154 million, whereby 30 mine development
projects were submitted to the province’s government. According to information from the Ministry of Mines, this is the sixth largest sum spent on explorations in the past 20 years. But the exploration investment in 2009 was not even half that of 2008 (CAD 367 million).

Cariboo Regional District
Cariboo Regional District is in the heart of British Columbia and one of the most gold-rich regions in the world. During the Cariboo gold rush in the years 1861/62, approximately 100,000 people flocked to the region surrounding Barkerville, Quesnel and Lillooet.
At the time, they pressed ahead with the surface exploitation in the areas with the simplest of means. Today, the claims right along the former course of the rivers where the most gold was found are especially in demand. Experts therefore assume that only about 2% of the existing gold deposit in the region has been mined up till now.
Since 2003, the location British Columbia has received consistent funding from the Canadian government for companies that mine raw materials. This is reflected impressively in the turnover and yields of local mining companies. While profits exploded, the tax load remained constant or even decreased. In 2009 alone, gold worth USD 309 million was mined in British Columbia. This corresponds to an increase of 34 % in comparison with the previous year.
A striking fact of the mining of gold in British Columbia is that exploration and development costs for mining companies with a yearly turnover of up to USD 9 billion participating in the survey was just CAD 328 million in all in the last 8 years. The reason for this is the fact that the biggest part of British Columbia is made up of alluvial land and swamp areas. The san- dy surface can be removed easily. Raw materials can thus be mined near the surface as cost effectively as hardly anywhere else in the world. Mining areas are hardly ever below 22 meters.