Friday, November 16, 2018

Canada: Additional Funding Needed for Geothermal Exploration in Nunavut

QEC needs more money to further geothermal studies (Nunavut News)

Geothermal prospects in Nunavut are generally not well understood due to a lack of drilling data and, based on what little is currently known, the potential is generally low.

Qulliq Energy Corporation is seeking federal funding to continue geothermal studies in Nunavut, says QEC president and CEO Bruno Pereira.

Those are two repeated findings in a $98,685, 32-page feasibility study prepared for Qulliq Energy Corporation (QEC) by RESPEC Consulting of Saskatoon, Tuya Terra Geo Corp. of Burnaby, B.C., and Qikiqtaaluk Business Development Corporation.

The report identifies a few areas of “potentially moderate development potential.” Among them is Resolute Bay, which hosts a sedimentary basin “with high enough temperatures for power generation and direct heating at 3-km depth,” the study states. However, certainty can only be established via further study of existing drilling logs, geophysical data and an exploration well, the report indicates.

The study’s authors also recommended drilling wells to ascertain underground temperatures at various depths in Iqaluit and Baker Lake.