Linked with MV2012X0001 Borealis GeoPower proposes to drill two wells approximately 1.5 km southeast of the hamlet of Fort Liard, NWT for the purposes of better defining the deep subsurface geothermal resource qualities. The well location is L-55, located in the Grid Area 60° 20’ N, 123° 40’ W. The production well centre is 60° 14’ 36.21’’ N, 123° 26’ 02.47’’ W and is expected to be ~4,320m deep; the injection well centre is 60° 14’ 37.38’’ N, 123° 26’ 01.29’’ W and is expected to be 1,500m deep. If successful, Borealis further proposes to operate a geothermal power plant on the site. The surface facility for this plant is to include a 10x5x1 m3 man- made, thermal barrier-lined cooling pond, which will serve to cool fluids from the plant that will be contained within piping in a closed-loop system circulating through the pond. The water required for the cooling pond will be sourced on-location as the water table sits ~6" below the ground surface and will be easily obtainable by digging. The water will be obtained only once to fill the pool and will not be returned to its source.