Exploration in Northeastern South America, Pursuing Windows of Opportunity: A Review of Golden Star Resources' Experience

Fleming, Adrian
Organization: Society for Mining, Metallurgy & Exploration
Pages: 8
Publication Date: Jan 1, 1998
Adrian Fleming is Executive Vice President of Exploration for Golden Star Resources Ltd., Denver. Adrian is an Australian who graduated in 1973 with an honors degree in geology from Newcastle University, New South Wales. His extensive international experience has spanned exploration, project development, and operations for both large and small companies in Australasia, Southeast Asia, North and South America, and Africa. Adrian has been with the Golden Star group of companies for four years and he is responsible for all exploration activity. ABSTRACT Golden Star acquired the rights to the Omai prospect in 1985 at a time when the country of Guyana was out of favor with the exploration fraternity. Subsequently in the late 1980s and early 1990s, Golden Star acquired exploration properties in Suriname and French Guiana well ahead of its competitors. Golden Star's strategy entailed identifying windows of opportunity and aggressively pursuing them. We also recognized that the Guiana Shield hosted a significant area of highly prospective greenstones which were comparable in metallogenic potential to similar terrains in eastern Canada, western Australia and west Africa. The geological skills Golden Star developed and the exploration techniques employed to explore deeply weathered rocks are described. The paper highlights the key elements of Golden Star's strategy and illustrates how some of the milestones reached by the company led Golden Star to establish an enviable portfolio of gold and diamond properties in the Guiana Shield.
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