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A study was undertaken to investigate the relationship between the quantity and value of economic demonstrated resources discovered for 12 mineral commodities over a ten year period and the expenditure required to yield such mineable resources. The results showed that for every dollar spent on exploration, there is an apparent in-ground average value of around $54 dollars contained in the economic resources found. While this appears to be a satisfactory return, it should be remembered that more than 99.9% of exploration programs are judged to be failures because a viable ore body or mineral deposit was not proved up. What is behind this seeming paradox?   The fundamental truth behind mineral exploration is the fact that the more you explore, the more you find, and that one success will often lead to further discoveries. It appears that one rich and viable deposit creates such surplus that its inherent high value ('the pot of gold') makes up for all the failures. In short, mineral exploration is a high risk business with uncertain returns. However, with skill, enthusiasm, experience and venture capital, it can yield larger than normal returns for the brave and the fortunate.   Analysis of exploration expenditure and economic resources discovered for the period 1987 to 1996 revealed that the apparent in-ground value of economic ore discovered per dollar of exploration expenditure varied from a high of $429 for iron ore and $261 for bauxite to a low of $22 for gold and for lead, and $5 per dollar of diamond exploration expenditure. Preliminary conclusions drawn on the reasons for the variations observed include the inherent ease or difficulty of discovery for different mineral commodities which may in some cases, relate to the natural prospectivity of Australia as a whole. Layered deposits like iron ore and bauxite appear to yield higher in-ground value returns on the exploration dollar. To some explorationists, this may be considered as seemingly obvious, but it may have more to do with very large-exploration tenement grants pursued by various Australian State Governments in the early 1950s and 1960s than the apparent ease of delineating a stratabound deposit.   Despite the apparent relatively low in-ground value produced by the gold exploration dollar of $22, the 5660 tonnes of gold discovered in this ten year period was worth $9.1 billion and representing over a quarter of the new mineral wealth created in the ten years to 1996. This contribution, along with that from the other minerals discovered over the period, led to a significant boost to Australia's export income and standard of living.   It is concluded that, given the nexus between the amount of mineral exploration expenditure and the quantity of new resources likely to be discovered, this knowledge may help policy makers seek to influence the rate of resource discovery in countries like Australia for the benefit of the nation.

Jan 1, 2004

By C. J. Brown

Since its commercialization thirty years ago, the Recoflo® short bed ion exchange process has been extensively utilized for the recovery of a wide variety of acids and metal salts. In addition to a reduction in resin bed height from 200 cm to 300 cm to 15 cm to 60 cm, the process has a number of features such as utilization of fine mesh resins in a compressed bed which together make it ideal for a number of applications. The process has been extensively exploited, for example, in the metal finishing industry for recovery of valuable chemicals from electroplating, anodizing, etching and pickling wastes. More recently, it has also been applied in the primary metals industry for purification of copper electrolytes and metals recovery from leachates. The paper discusses several of these applications and some of the issues that were found to be key to their success.

Jan 1, 2004

By C. -T. Mutale, A. S. Tuling

Titanium can exist in three different oxidation states. Its oxides are numerous and in presence of iron and oxygen, iron-titanium oxide compounds can also form. Some of the oxides are non-stoichiometric, making the determination of the thermodynamic properties of titanium and its oxides in molten steel and in slag difficult. Therefore, for the assessment of titanium activity in molten steel using the electrochemical measurements of oxygen partial pressure, the identification of oxides in equilibrium with titanium is important. This paper reports on an investigation of solid titanium oxide inclusions, which have been identified by combining different methods of analysis on quenched samples. These samples were taken from a Fe-Ti-melt at 1600°C, quenched in cold water then mounted and polished for optical microscopy. The oxide inclusions were analysed using transmission electron microscopy (TEM) with energy dispersive spectroscopy (EDS). Both single crystal and polycrystalline diffraction patterns were used to identify the oxides by comparing the d spacings with those in the ICDD X-Ray Diffraction (XRD) database. XRD was used to analyse the oxide particles on the top of slow cooled samples. It was found in the TEM study that the similarity of the diffraction patterns of the various phases meant that unique identification was difficult to achieve in some of the diffraction patterns. However, TiO, Ti2O3, Ti3O5, Ti4O7were identified in quenched samples, while TiO2, FeO.TiO2and iron oxides were seen in slow cooled samples. It was also confirmed that the type of oxides is related to titanium content of the samples. Keywords: Titanium, Titanium Oxides, Iron, TEM, XRD, thermodynamic.

Jan 1, 2004

Jan 1, 2004

By M J. Saynor, W D. Erskine an, D R. Moliere

The Jabiluka uranium mine was constructed in the Ngarradj catchment, a right bank tributary of Magela Creek in the Northern Territory. The Jabiluka Mineral Lease is adjacent to Kakadu National Park, near an area listed as Wetlands of International Importance under the Ramsar Convention and recognised under the World Heritage Convention. In the late dry season of 1998 and prior to the 1998 - 1999 wet season, a stream-monitoring program was implemented in the Ngarradj catchment to collect baseline data on sediment transport within the catchment to assess and proactively manage associated impacts caused by mining at Jabiluka. Stream suspended mud concentration, stream discharge and rainfall data were collected for four wet seasons (1998 - 2002) giving an almost continuous data set. The stream system has high natural variability dependent on rainfall intensity and subsequent discharge and pre-wet season fire distribution and intensity. In general, mud concentration is elevated at the commencement of the wet season until about February. This is caused by first-flush removal of surface material detached during the dry season by agents such as bioturbation (including anthropogenic activity), wind erosion and surface desiccation. Water quality trigger values downstream of the mine were derived using upstream percentiles and the before-after-control-impact, paired site design. Both analyses showed no observable impact from mine construction in 1998 or during the study period. However, the impacts of dry season fires could be clearly detected. The data set provides good baseline information for future assessment at Jabiluka and demonstrates the need to view measured parameter values on a catchment-wide basis with knowledge of rainfall, discharge and fire distribution.

Jan 1, 2004

By S. Erçayhan, B. Derin, O. Yücel

In the present study, the production of low carbon ferrochromium (LC-FeCr) from chromite concentrates containing 55.09% Cr2O3 and 13.06% Fe via metallothermic process was investigated. For this aim, in the experiments, the aluminothermic reduction method was applied in an open crucible. 10% CrO3 + 10% NaClO3, 15% CrO3 + 5% NaClO3 and 20% CrO3 by weight of concentrate were added to the charge, respectively and the charge was reduced with aluminium. The experiments were done with the additions of 90, 100, 110, 120 and 130% of stoichiometric requirement of aluminium. The highest Cr content in alloys was found as 71.7% at 120% of stoichiometric Al whereas the highest Cr recovery in alloys was found as 71.8% at 130% of stoichiometric Al when the both charge contained 15% CrO3 + 5% NaClO3 by weight of chromite concentrate.

Jan 1, 2004

By B. I. Whittington

This paper examines the effect of cation type (i.e. NH4+, Na+ and K+) and anion type (i.e. SO42- and C1-) on the extraction of nickel during the pressure acid leaching of a Western Australian laterite ore. The results are compared with testwork conducted with other Western Australian nickel laterite ores and the possible process implications of adding an additive to a plant autoclave are considered. Addition of either (NH4)2SO4, Na2SO4 or K2SO4 increased both the nickel extraction and the acid consumption, provided that the level of additive was not too great. For example, the nickel extraction of 93% increased to above 96% in the presence of additives, but decreased to 94% when, for example, NH4 levels increased from 7 kg/t ore to 21 kg/t ore. The relative stability of the jarosite species formed when additives were present influenced the amount of jarosite in the residue and, hence, both the final free acidity and overall nickel extraction. The use of Cl- versus SO42- salts as additives had little effect on overall nickel extraction or overall free acid values, although the presence of SO42- additives appeared to enhance nickel extraction kinetics over the first 60 minutes of the reaction. In contrast, manganese extraction was enhanced by the presence of Cl- additives.

Jan 1, 2004

By T. T. Chen, J. E. Dutrizac, G. Poirier

In the Waelz kiln process, EAF dust is converted to an Fe-rich slag, a (Zn, Fe)-rich dust that is recycled to the kiln and the Zn-rich Waelz oxide which is subsequently up-graded for the recovery of zinc. To clarify the reactions occurring, the Waelz kiln products from a European Waelz plant were characterized mineralogically to determine the mineral species present, their micro-textures and the metal carriers. The EAF dust contains 27 % Zn, and consists mainly of ZnFe2O4 and ZnO, together with minor to trace amounts of NaCl, PbCl2, KCl, CaO, Ca2Fe2O5, Fe203, FRO, Pb oxide and various Ca-Fe-Al-Mn silicates. The KCI and NaCI sometimes agglomerate the other particles. The slag consists of nodules which often exhibit colloform structures. The slag contains of variable amounts of Fe, FeO(OH), FeO, gypsum, Ca(OH)2, Ca2SiO4 and various Ca-Fe¬Al-Mg-Mn silicates as well as minor to trace amounts of ZnFe2O4, Cr-Fe oxide, Mn-Fe oxide and other species. The Waelz oxide contains 57-61 % Zn, and consists predominantly of ZnO, with minor to trace amounts of KCI NaCl, Pb(OH)Cl, Pb20(SO4), Pb chloride, ZnSO4, ZnFe2O4, Ca2SiO4, Ca2Fe2O5, Ca-Fe silicate and NaZn4(SO4)(OH)6Cl.6H2O. The KCI agglomerates the other particles in the Waelz oxide. The recycled dust appears to be a mixture of EAF dust and Waelz oxide, but it contains relatively more coarser-grained metallic Pb and Pb oxide particles.

Jan 1, 2004

By SMF Hossaini

With the aim of a clearer understanding of the applicability of existing empirical equations for blast induced ground vibration, an investigation has been conducted on three mostly applied forms of such equations. The effect of explosive type on the applicability of these equations has been assessed by analysing 44 sets of data produced by using two types of explosives, namely ANFO and slurry explosive, in an open pit coal mine. The analysis of the data has revealed that the type of explosive affects the applicability of the criteria of the three equations. All three criteria have better correlation with the data of shots in which ANFO was used than the shots with slurry explosive. However, the applicability of one of the criteria is reduced, by far, only by replacing ANFO with slurry explosive for the same ground conditions. It was also found that one of the parameters of these criteria (i.e. “k”) is significantly sensitive to the type of explosive in all the three equations. The degree of influence to the values of “k” obtained by the variation of explosive from ANFO to slurry explosive in the three equations is 76.3%, 811% and 39%. This implies that “k” is not only dependant on ground conditions, as stated in most previous publications, but is also strongly a function of the type of explosive.

Jan 1, 2004

By L McCarthy, B W. Cuffley, O K. Thomas an

The Central Victorian Goldfield is a world-class field located in Victoria, Australia. It is currently undergoing a revival through activities in the Bendigo, Ballarat, Tarnagulla, Maldon, Castlemaine and other fields. Sediment-hosted auriferous gold-quartz reefs that are structurally and geometrically complex dominate the region. To date, no remote methods have been developed to assist in the targeting of the discrete high-grade oreshoots that characterise the mineralisation. An understanding of the structural setting and controls, and thus likely frequency of repetition of oreshoots remains the main exploration tool. Gold within the reefs is generally characterised by both its coarse nature (>100 up to 10 000 microns) and erratic distribution; as a result, most of the Victorian deposits are classed as high- to extreme-nugget effect systems. This characteristic ensures that mineralisation is very challenging to explore, evaluate and exploit. The key issues facing the explorer and miner are related to effective sampling, and definition of geological and grade continuity, and ultimately grade and tonnage. Tonnage can often be estimated to a reasonable level of confidence, whereas the grade estimate generally carries a medium- to high-level of uncertainty. In these deposits, surface diamond drilling alone is generally only able to define an Inferred Mineral Resource, with underground development, closely spaced in-fill drilling and bulk sampling/trial mining required to define Ore Reserves. The extraction of gold from ores is relatively simple, based on the coarse nature and hence amenability to gravity recovery. Ground conditions and the need for in-stope grade control (eg mapping, sampling etc), generally point toward mechanised cut-and-fill as the primary stoping method in the region. To potential investors this style of mineralisation has been viewed as high risk, because of the associated low confidence in the grade estimate, general paucity of Ore Reserves at mining start-up and need for underground development at the Feasibility Stage.

Jan 1, 2004

The Favona Underground Project is located approximately two kilometres east of Martha Mine Open Pit in Waihi, 150 km south east of Auckland, New Zealand.   The underground reserve of 354 koz Au contained in resources of almost 600 koz lies within 600 m of the existing process plant presenting an attractive development target in a challenging environment.   The Martha Mine Open Pit is surrounded by urban housing on the north western edge of Waihi township and the Favona Underground abuts residences on the eastern edge of town. Environmental, community and social licence aspects influence project strategies as the new underground mine extends mining in a town that is planning for closure of current open pit operations in late 2006.   The Favona Underground Project has successfully passed through a detailed feasibility study, the third stage of the five stage Newmont project appraisal system. Methodologies used in the feasibility study and parallel permitting draw on a high level of stakeholder involvement to streamline the development and permitting phases.   This paper discusses the project appraisal process and design innovation required for developing an underground mine adjacent to town.

Jan 1, 2004

By M Littlefair, D Gribble, R Rounsley, I Te

Low-density explosives (LDE) have applications where the explosive properties of ANFO are not well matched to the rock. In particular, rocks that are of low strength and/or well fragmented in situ. Dyno Nobel Asia Pacific (DNAP) has developed a new LDE, BlastLiteTM, which can be used as a cost-effective replacement for ANFO with excellent detonation characteristics. The product is based on ANFO with the addition of a bulking agent. The key to the product lies in the ability of the bulking agent to form a homogeneous blend with ANFO without the need for any emulsion matrix to bind the product together. This results in an LDE of low cost and high weight strength compared to existing commercial LDE products. The product has been trialled extensively and has proven to provide results that are equivalent to, and often better than, ANFO with reduced powder factors. This paper details the laboratory development and results of field trials for DNAPÆs LDE solution: BlastLite.

Jan 1, 2004

By F. Hassani, K. Moozar, J. Ouellet, P. Gauthier

"This paper describes a sudden spill of waste rock used for backfilling from a waste pass at an underground mine in Canada, thus causing a major failure/accident. The mine operator immediately launched a detailed investigation to understand the causes of this accident and develop procedures to prevent any recurrence of such events in the future. The authors from McGill University were invited to collaborate with the engineers at the mine to examine this accident. The events leading to the accident were studied, appropriate measurements were taken and samples of the waste material were collected for further testing and analysis.The field visit and the interview of the witnesses allowed the detailed documentation of the events. The sequence of events related to the incident, along with the experimental results obtained in the course of the investigation, are presented. The waste material was characterized in the laboratory with regard to its behaviour in the presence of water. This information is discussed and the failure mechanism involved in the accident is identified. Finally, the full recommendations as well as the immediate operational measures implemented by the mine to prevent the future occurrence of such events are presented and discussed."

Jan 1, 2004

By M. Fooladi Mahani, M. R. Izadpanah

The knowledge of the thermal shock resistance of refractory materials is of outmost importance due to their wide range of applications in various industries, namely; ceramics, oil refinery, thermal insulation, nuclear power, chemical and petrochemical industries. Thermal shock resistance is measured in terms of the number of cycles that a refractory material can withstand when subjected to sudden temperature changes. This property is measured experimentally by heating a sample of the material and cooling it in a known environment then the number of cycles it withstands this treatment without spalling is a measure of its thermal shock resistance. Although this method of experimentation has long been the practice, but it is both expensive and time consuming. Various studies have been carried out to predict this vital property, however, the rang of applications are limited. The present study employs a test rig by which temperature distributions in magnesite samples are accurately measured. This information plus other results obtained from relevant tests on related properties are used to develop a model which predicts the number of quench cycles withstand by different materials when subjected to sudden temperature changes. The comparison of the theoretical values using the solution of the presented model with experimental data for different materials having different thermal resistance shows a closed agreement.

Jan 1, 2004

Many metallurgical beneficiation and primary concentrating processes rely upon discrimination of products from gangue based on particulate density of the different minerals and combinations of minerals in an ore. The basic definition of density is simple, but the apparent density that minerals exhibit when in the environment of commercial densimetric separation processes is more complex and is ill-defined. Measurement of the apparent density displayed by minerals in their separation situation is essential if modelling of plant performance is to be meaningful or when comparison of an existing operation with a æperfectÆ separation constitutes a part of an audit or of a plant control function. Seven methods of dividing ore samples into discreet density fractions are examined and criticised in this paper. The shortcomings, difficulties and potential errors arising from the use of each method are evaluated. Most of the techniques described have been used by the author and generally their faults are understood and the resultant first-hand experience has been used to overcome these faults. A simple new computer-assisted technique for developing meaningful densimetric data is described.

Jan 1, 2004

By Rodolfo Espinosa Gómez

"Industrias Peñoles, S.A. de C.V. – Mining Division, has initiated in the last ten years, six Mining Operations (Bismark, Tizapa, Ciénega, La Herradura, Rey de Plata, and Francisco I. Madero) and it has expanded several of their existing Operations (Sabinas, Fresnillo, Tizapa, Ciénega) one or more times.This work aims to share the experiences learned on this growing process. Some of these lessons are: 1) Project leaders must have a leadership that fosters good communication and team work; and this leadership style must come from top management. 2) A good communication must exist between the personnel from Engineering, Construction, and Operation. Also, this good communication must come from top management. 3) Starting the project with a solid Engineering Study. 4) Do not misunderstand cost with cost/benefit; always look at the cost/benefit. 5) Selecting good Contractors and good Suppliers. 6) Good training before the project commissioning is essential to reduce the learning curve period, this is even more important in areas where local people do not have any background in mining activities. 7) Recognizing that any project has a learning curve and it must be reflected on the production budget. 8) Avoid an over optimistic Mine preparation time schedule.BACKGROUNDIndustrias Peñoles S.A. de C.V.The mission of Industrias Peñoles, S.A. de C.V. (Peñoles) is to add value to non-renewable natural resources in a sustainable manner. Peñoles seeks to build long-term shareholder value; provide their customers with the highest quality products and services; maintain productive longterm relationship with their suppliers; develop and promote the capabilities of their personnel; foster mutually beneficial relationship with the communities in which it operates, and preserve the environment.Peñoles was established on 1887. It is a Mining Group with integrated Mining, Smelting and Refining operations of non-ferrous metals, and also produces inorganic chemistry materials. Peñoles is the main World producer of refined silver, metal bismuth, and sodium sulphate; Latin American leader in the production of refined gold, lead, and zinc.The Mining Group is made-up of nine mining operations producing concentrates with high gold, silver, lead, zinc, and copper contents. It produced in 2002, 365,900 ounces of gold; 52.7 million ounces of silver; 86,820 tonnes of lead; 266,000 tonnes of zinc, 11,840 tonnes of copper; with a total values of 3,780.6 million of Mexican pesos (~ $ 378.0 million U.S. Dollars)."

Jan 1, 2004

By Maria I. De Rosa

Table 1 and figure 1 show the number of fires and fire injuries that occurred in underground metal/nonmetal and stone mines by state during 1990-2001. Table 1 also shows the injury risk rates, employees' working hours, and lost workdays. Overall, 65 fires occurred in 20 states; these include 2 fires and no injuries for contractors. Six of the fires caused nine injuries. The yearly average was 5.4 fires and 0.75 injury. Forty-one fires with 2 injuries occurred in metal mines, 14 fires with 7 injuries occurred in nonmetal mines, and 10 fires with no injuries occurred in stone mines. The underground mine fires required 25 mine rescue team interventions and 30 mine/section evacuations. The Ewhr value was 260 x 10° hr (Irr = 0.007), and the LWD value was 83. Idaho had the most fires (eight fires and no injuries), followed by Louisiana (seven fires and two injuries), Michigan (six fires and six injuries), and Missouri (six fires and no injuries). Of these states, Michigan had the highest injury risk rate value (Irr = 0.146). Table 2, partly illustrated in figure 2, shows the number of fires, fire injuries, risk rates, employees' working hours, and lost workdays by time period. The number of fires during the six time periods show an increase during the fourth period followed by a sharp decrease during the fifth period and a sharp increase in the last period. The number of fire injuries show an increase followed by a decrease during most of the periods, accompanied by a decline in employees' working hours during most of the periods; an increase is seen during the third and fourth periods. The In values follow patterns similar to those shown by the injury values. Tables 3-8 show the number of fires by ignition source, method of detection and suppression, equipment involved, location, and burning material by time period. Figure 3 shows the major variables related to fires for 1990-2001. Table 9 shows the number of fire injuries per number of fires causing injuries and total fires by year, ignition source, equipment involved, and location.

Jan 1, 2004

By Steve Kral

For the past several years, copper producers have faced a tough business climate. Nagging low prices forced many them to reduce their production and make other drastic cutbacks just to breakeven. And sometimes even that did not work. But, like other downturns in the industry, this latest dismal copper market allowed technology to make further inroads into mining and processing operations. Now that the copper market appears to be making a turn for the better, those years spent investing in technology by equipment manufacturers and forward-thinking mining companies should begin paying off.

Jan 1, 2004

By R. Dahlke, J. A. Finch

"A campaign was undertaken during the greater part of 2001 at Noranda’s Brunswick Mine Concentrator to investigate the role of gas (air) superficial rate distribution (Jg profile) to the cells in the final Zn cleaning stage (bank of seven cells). Three profiles were tested: Balanced (each cell with same Jg), Increasing (from cell 1 to 7), and Decreasing, along with an “as found” profile in a parallel control bank. The experimental design allowed for two confounding factors, changes in ore type and circulating load. The Increasing profile consistently gave the best metallurgy (down-the-bank grade / recovery). The reason for improved performance was traced to the response of the first few cells. The Increasing profile gave the highest selectivity of sphalerite against non-sulphide gangue (NSG) in these cells with relatively even recovery per cell down the bank (10-15% based on feed to each cell). The other profiles gave lower selectivity and higher zinc recovery in the first cells (up to 25% in cell 1), which combined to reduce overall bank performance. The increased selectivity with the Increasing profile is attributed to the low gas rate in the first cells reducing water recovery and hence limiting entrainment of NSG gangue. The Increasing profile was subsequently configured for all four stages in the zinc cleaner circuit.INTRODUCTIONThe performance of a flotation circuit is largely the result of the operator’s response to visual clues. This includes manipulation of the gas (air) input and how it is distributed to cells in a bank. A lack of sensors prescribes this approach. Over the past ten years the Mineral Processing Group at McGill University have developed a set of gas dispersion sensors including one to measure gas superficial rate (or simply “gas rate”), i.e., volumetric gas rate per unit cell crosssectional area, Jg (Gomez and Finch, 2002). The device collects bubbles in a tube immersed in the pulp and infers Jg from the pressure-time curve generated after a valve is closed and air starts to accumulate. The usual units are cm/s. It is robust, reliable and suited for plant use.A version of the Jg sensor was tested extensively during 2000 at Noranda’s Brunswick Mine Concentrator (Dahlke et al., 2001). The results were sufficiently encouraging that a sensor was fabricated to suit local requirements (Insta-Jg). The sensor detected malfunctioning field instruments and flotation mechanisms, and demonstrated that gas distribution to cells in a bank “as found” had no particular pattern, or profile. Preliminary testing suggested that a balanced profile (i.e., all cells with the same gas rate) gave superior metallurgy (grade / recovery down the bank) than the “as found” profile. This observation prompted a focused campaign to explore the impact of the gas rate (Jg) profile, introducing the notion of “gas distribution management”."

Jan 1, 2004

The Epithermal and Mesothermal Gold Prospectivity modelling projects carried out by Crown Minerals provided explorers in New Zealand with a new compilation of historical exploration data combined with new geological information from the GNS QMap 1:250,000 scale mapping project. These data were used to produce predictive mineral potential maps for gold mineralisation in New Zealand. The aim of these projects, to stimulate mineral exploration and investment in exploration, has been successful with eight new companies acquiring new tenement positions and committing significant exploration expenditure to exploring in New Zealand in the coming years. The projects were done at a national scale and consequently not all exploration data were compiled into the prospectivity models. Several of the new companies recognised the value of the prospectivity modelling work and committed exploration funds to continue the modelling process. They recognised a need to compile the remaining data and run the models again to allow detailed exploration targeting. Detailed data compilations including digitising historic exploration stream sediment sample, rock chip sample, soil sample and drilling data has been completed. New models have been completed in Otago for mesothermal gold mineralisation and in the Coromandel and Northland for epithermal gold. The new models have been compared with the original regional scale models and used to target prospect scale exploration. This work has allowed exploration models for epithermal and mesothermal mineralisation in New Zealand to be refined. More importantly this work has identified significant areas with potential to host gold mineralisation with little or no systematic geochemical data including soil sampling or drilling. Exploration work programs have been designed to acquire these missing data and exploration funds have now been committed to test the areas highlighted by the prospectivity modelling. In summary, the Epithermal and Mesothermal Gold Prospectivity modelling work has successfully attracted new investment and ideas to the exploration scene in New Zealand. The projects had an estimated cost of NA$250 000 and will in the next two years, just through exploration expenditure, attract more than NZ$10 M in investment. If a mine is discovered the return on investment will be considerably greater.

Jan 1, 2004