Toronto firm joins Chinese survey venture

Toronto-based Paterson, Grant & Watson will assist in the compilation of the first magnetic database in China.

The venture, dubbed the China Aeromagnetic Mapping Project (CHAMP), will use high-resolution, aeromagnetic surveys to amass data in an attempt to encourage foreign investment in the country’s mining and oil sectors. Other participants include Britain’s Geophysical Exploration Technology, Texas-based La Fehr-Chan Technologies and the Colorado School of Mines.

The project, which will make use of the global positioning system, is expected to last 2-3 years.

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