WorldWide Drilling Resource

Australia Developing Mining and Exploration “Game Changer” Adapted from Information Provided by the Deep Exploration Technologies Cooperative Research Centre The Mineral Systems Drilling Program (MSDP) was an original collaboration between the Deep Exploration Technologies Cooperative Research Centre (DET CRC) and many of its participants and affiliates including mineral explorers, serv- ice providers, as well as government and research institutes such as: Geological Survey of South Australia; Minotaur Exploration and Kingston Resources; Boart Longyear, Imdex, Globaltech, Olympus, Epslog, and Bureau Veritas; and researchers from the Commonweal th Scient i f ic and Industrial Research Organisation, and Adelaide and Curtin Universities. The MSDP tested DET CRC’s innovative new technologies and uncovered valuable geological information on the eastern Gawler Craton Olympic Copper- Gold Province, drilling 14 holes and delving approximately five miles into the earth. This district is widely thought of as one of South Australia’s important emerging mineral provinces. Professor Richard Hillis, CEO of DET CRC said, “DET CRC’s focus was to trial its new technologies in a real-world drilling program . . . to speed their transi- tion from the lab to commercial products. Australia’s share of mineral exploration expenditure has halved from approximately one quarter to one eighth of the world’s total in the last 25 years. The decline in exploration expenditure has paral- leled the decline in the discovery of major new mineral deposits in Australia. Decreasing mineral exploration success and expenditure in Australia reflect the fact that relatively easy-to-find mineral deposits with a surface expression have largely been discovered. New mineral exploration provinces must be found hidden beneath barren cover rocks, such as those covering hidden deposits in the Gawler Craton. The MSDP at work. 12 AUGUST 2017 WorldWide Drilling Resource ® New & Used Bits, HDD Bits & Tools, Drag Bits & Wings, Bolt-On Drag Bits, Reverse Circulation Tools, Hole Openers, Claw Bits, Stabilizers, Subs, Custom Tooling & Welding, Hammer Bits, Drill Collars, Pipe Wipers, and Drill Pipe. Office: (661) 834-4348 Rod Henderson / Eran Henderson 661-201-6259 • 661-330-0790 sales@bitcobits.com www.bitcoinc.us Australia Developing cont’d on page 20.

RkJQdWJsaXNoZXIy NDk4Mzk=