- Write by:
-
Friday, September 18, 2020 - 12:10:35 PM
-
446 Visit
-
Print
Mining News Pro - South Australia hopes to unlock mineral deposits in the Gawler region through the results of exploration challenge ExploreSA.
The challenge, run by the South Australian Government and Unearthed Solutions, is supported by an additional $5 million in investment by the state government.
According to South Australia’s Minister for Energy and Mining Dan van Holst Pellekaan, it is becoming harder to find new mineral deposits globally.
But the first winner of the challenge and receiver of $100,000 prize, Per-OZ, was recognised for its methodology that could help geologists “find that needle in the haystack.”
“Team Per-OZ, short for Peru/Australia, is a collaborative effort by doctor Paul Pearson from Latin Global and doctor John McLellan from GMEX who both specialise in structural geology, prospectivity analysis, data science, machine learning and modelling,” van Holst Pellekaan said.
“… By looking at traditional geology with techniques from other disciplines, we can peer into the depths of the earth in a new way, and might just uncover the next Olympic Dam or Carrapateena.”
Around 2200 data specialists from more than 100 countries interrogated Geological Survey of South Australia’s holdings of new and historical data across the Gawler Craton.
The analysis took just five months and was described as an “amazing leap forward” in the use of artificial intelligence, machine-learning algorithms and alternative mathematical data analysis.
Unearthed Solutions has compiled all targets generated by the challenge into an interactive map and made this publicly available on its website.
“South Australia is set to reap huge economic benefits and is sending a positive, forward-thinking message to students and international investors that this is where the future lays,” Unearthed Solutions director Justin Strharsky said.
“All mineral targets, models and data will be made publicly available to encourage companies to explore for new deposits in the Gawler region, reinforcing South Australia’s reputation as the centre of mining excellence and innovation in Australia.”
Short Link:
https://www.miningnews.ir/En/News/601150
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines ...
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after ...
Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and ...
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay ...
Iron ore futures tumbled in Singapore, extending a stretch of volatile trading amid deepening anxiety over Chinese ...
Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to ...
Australia’s Liontown Resources said on Wednesday it has entered a A$550 million ($363.2 million) debt facility for the ...
Alcoa will buy Alumina in an all-stock deal that values the Australian firm at $2.2 billion, and makes the US company ...
No comments have been posted yet ...