Exploring Iron Oxide Copper Gold Deposits
November 2017 by Chris Ralph
The excitement over IOCG deposits began with the discovery of a monster deposit at Olympic Dam in Australia in 1976. The discovery was accidental as the operator was searching for strata-bound copper deposits.
The big interest to prospectors thinking about the effect of erosion is not what might happen long into the future, but what they might find in the rivers later this summer when the water levels go down.
Narrowing down a closure date will allow you to check the commodity price during that time and possibly confirm that a low price, rather than a lack of ore, was the driving force that closed the operation.
• Do as I say, not as I do...
• By the numbers...
What many people don’t realize is that the Comstock Lode produced over 8,000,000 ounces of gold…
...two jadeite locations in California have been thoroughly researched by geologists. There are no doubt others that lie in wait.
We have to remember that the earliest miners were not geologists, but came from a variety of backgrounds. Their survival depended on finding enough gold so they worked hard and adapted to whatever challenges these new areas presented.
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