A relatively unexplored greenstone belt in South Australia is expected to attract Canadian companies interested in grassroots exploration opportunities.
Susan Daly, a senior geologist with South Australia’s Geological Survey, said new aeromagnetic data on the concealed formations are expected to herald a new era of exploration in the state.
Earlier this year, Daly visited mining companies in Canada to attract interest in South Australia’s largely untested mineral potential. She joked that one big advantage to exploring in the region is that interested parties do not have to learn Spanish.
The size of South Australia is close to one million square kilometers, yet more than two-thirds has no surface outcrop. The transported sediments deny easy access to bedrock formations known to host some of the world’s largest base metal deposits, including Broken Hill and Olympic Dam.
Under the South Australian Exploration Initiative, airborne geophysical data are being released from March through September of this year. Before the program began, fewer than 20% of the proposed airborne survey areas were held by mining companies. The release of the new data is expected to increase activity in the state.
Be the first to comment on "Australia woos Canadian miners"