Stewart R. Wallace — 1919–2009 - Society of Economic Geologists

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EXPLORATION REVIEWS 50 SEG NEWSLETTER No 78 JULY 2009 ... from 49 Exploration Reviews (Continued) contribution into the Social and Economic Development Fund for the Issyk-Kul Oblast, where Kumtor is situated. Kyrgyzstan’s share will increase by 18,232,615 shares, transferred by Centerra and Cameco. Kyrgyz government has warned foreign investors in Jerooy and Taldy- Bulak Levoberezhny gold deposits that the failure to commence commercial development stipulated by license agreements will lead to revocation of these licenses. TAJIKISTAN The Tadjikistan government has commenced evaluation of the JV project with Kryso Resources Plc to develop the Pakrut gold deposit. In January 2009, Kryso declared Russian-style resources for Pakrut to contain over 2 Moz Au, grading 2.44 g/t Au. The JV plans to produce 100 koz Au annually, starting in 2010. The government has also announced an international tender, seeking investments into the Bolshoy Koni Mansur silver deposit. The government has appointed International Finance Corporation as the leading consultant to oversee the investor selection process. The geologic exploration of the deposit, carried out during Soviet times, indicated that the deposit would require investments of around US$2 billion. In addition to that, the population of the Adrasman village would have to be rehoused. Bolshoy Koni Mansur contains around 1,000 Mt of ore with 49 g/t Ag, 0.49% Pb and 0.38% Zn. The total estimated resources exceed 1,600 Moz of silver. PROPERTY EVALUATIONS — PROJECT GENERATION GEOCON, INC. REGIONAL STUDIES — U.S. AND FOREIGN PAID ADVERTISEMENT RICHARD L. NIELSEN, CONSULTANT Exploration and Mining Geology 13741 Braun Drive E-mail: RLNGeocon@aol.com Golden, CO 80401 Phone/FAX (303) 279-3118 CONTIGUOUS UNITED STATES Regional Correspondent: Roger C. Steininger (SEG 1978) Consulting Geologist 3401 San Mateo Ave. Reno, NV 89509 Tel. 775-323-7775 Fax: 775-323-1134 E-mail: audoctor@aol.com Most of us in the exploration business have driven around a curve at night and encountered a deer, “prize bull,” mustang, or armadillo in the headlights. You know the look. That same look was on the collective geologists’ faces this past winter, the basic “deer in the headlights” look. Now that the “green shoots” (as economists have labeled the sparse signs of improvement in the economy) are appearing, the “look” is fading and money is starting to flow into exploration again. The positive side of this story is that drill rigs are available, experienced geologists are looking for work, and it doesn’t take months for assay turnaround. Keep in mind that “green shoots” can turn brown if not watered. We may have entered an era of the stealth discoveries. The GMI (Geologists in Motels Index) measures exploration activity in the Great Basin. At 100 all of the motel rooms in a town are filled with geologists caused by an announcement of a nearby gold discovery. As an example, when Sleeper and Pipeline were announced, the GMI for nearby towns went to 100, and all available land within miles was staked or optioned. Recent discoveries, or rediscoveries, have produced a more subdued reaction. Announcements of the discoveries in the Pequops, at over a million combined ounces of gold, produced only mild interest and the Wells, NV, GMI went to 25. The new resource announcement (1.8 Moz of gold) for Spring Valley and Barrick becoming joint venture partners caused only a slight increase in the Lovelock GMI, to 10. Gryphon Gold announced a total resource at Borealis of about 2.5 Moz gold and the Hawthorne GMI dropped to –15. There is a rumor that Barrick has made a significant discovery at Red Hills, near the ET Blue gold deposit (Eureka County, NV). We are watching the Eureka GMI to determine if the rumor is true. General Metals announced a gold deposit that may contain at least one-half million ounces of gold in the Battle Mountain mining district causing three more motels in Battle Mountain to close. Other enhanced gold deposits have been announced outside of the area covered by the GMI. Evolving Gold is having success at Rattlesnake Hills, WY, and Romarco Minerals’ Haile gold deposit is now in the 3+ Moz range, and expanding. Atna Resources continues to expand the resource at Briggs, which is now in production. Rare Element announced an interesting resource for the Bear Lodge, WY, rare earth deposit. In a sign of the times, Firstgold announced the first pour of gold from Relief Canyon, NV, and shortly thereafter went into default on its loans. The company is now exploring every avenue to save the company or sell the assets. Duluth Metals seems to have identified a higher grade portion of the Nokomis deposit in Minnesota. The grades in the northwestern part are higher in copper, nickel, gold, silver, and PGM than in the rest of the deposit. 1 PAID ADVERTISEMENT
JULY 2009 No 78 SEG NEWSLETTER 51 Website: http://sga2009.jcu.edu.au Email: sga2009@jcu.edu.au SGA PLENARY SESSION MONDAY 17 AUGUST Self-Organized Systems and Ore Formation: The Key to Spatially-Predictive Jonathan Hronsky (SEG 2009 Distinguished Lecturer) Targeting? Low-salinity fluids at the porphyry-to-epithermal transition: Christoph Heinrich, Marcel Guillong, from magmatic vapour to aqueous liquid Thomas Pettke, Claudia Pudack, Jung Hun Seo Precious paradigms: controversies in PGE ore genesis Jim Mungall Global lithospheric domains: a multidimensional framework to enhance mineral Suzanne O'Reilly, William Griffin, Ming Zhang, exploration targeting Elena Belousova, Norman Pearson, Graham Begg and Jon Hronsky Metallogenic Evolution on an Evolving Earth Richard Goldfarb, David Groves, Robert Kerrich, David Leach Rupturing in the Overpressured Arc of NE Honshu, Japan - Mesozonal Richard Sibson Mineralisation in the Making? Magma Fertility and Mineralisation David Cooke, Paul Kitto, Anthony Harris, Zhaoshan Chang, Jamie Wilkinson, Clara Wilkinson, Pete Hollings and James Webster SEG PLENARY SESSION TUESDAY 18 AUGUST AM Predictive vs Forensic Mineral Deposit Geology: Viewing Giant Deposits at Appropriate Scale David Groves A perspective on the industry – success over the next five years John Thompson and Douglas Kirwin New advances in exploration techniques applied to Uranium and IOCGs Rick Valenta Gold solubility, transport and deposition in modern epithermal environments Stuart Simmons, Kevin Brown IOCG Deposits: A Cordilleran Perspective Mark Barton What we don't know about Olympic Dam style deposits and what we need to find out Paul Heithersay Making metal-supercharged ore fluids: the key to hydrothermal base-metal Jamie Wilkinson ore formation? SEG NEW DISCOVERIES SESSION TUESDAY 18 AUGUST PM Geological and Geochemical Prospectivity Analysis of the Gosowong Fault Zone, Dan Olberg, Bruce Gemmell Halmahera Island, Indonesia: Discovery of the Kencana Epithermal Au-Ag Deposit Geology of the Solwara 1 Deposit and Techniques of Seafloor Massive Sulphide Thomas Sant, Matthew White, Sean Plunkett, Exploration Ian Stevenson and Peter Crowhurst. Exploration factors in the discovery of the Silver Hill gold-silver-copper deposit - Peter Rea Mt Carlton Project Geology and Mineralisation of the Rocklands Copper-Cobalt-Gold Deposits, Simon Beams Cloncurry District, North West Queensland, Australia The Merlin Mo-Re Zone, a New Discovery in the Cloncurry District, Australia Florinio Lazo, Tamal Pal Serra Pelada, Brazil. A high grade, hydrothermal gold-platinum-palladium system Vic Wall, Gabriel Berni, Chris Grainger Hathor Exploration’s Roughrider Zone: The new high grade uranium discovery in Alistair McCready, Thomas Elash, Dale Wallster, the Athabasca Basin Philip Robertshaw, Brian Reilkoff, Zoltan Hajnal Geology of the Tropicana Gold Project, Western Australia Mark Doyle, Duncan Gibbs, Jeni Savage, Thomas Blenkinsop Geology of the Amphibolite-Facies World-Class Roberto Deposit, Eleonore Property, Jean-Francois Ravenelle, Benoit Dubé, Michel Malo, James Bay, Canada Vicki McNicoll, Léopold Nadeau The Long Canyon Deposit: a New Paradigm for Sediment-Hosted Gold Deposits Moira Smith, Warren Thompson, Kent Samuelson, in Nevada Robert Felder, Christopher Lee, Matt Lennox-King The SWAN and Mount Elliott deposits Mat Brown, Florinio Lazo, Douglas Kirwin, Graeme Corlett ANNOUNCEMENTS
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Stewart R. Wallace — 1919–2009 - Society of Economic Geologists

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