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By Alexander Malahoff

The most exciting frontier in Ocean Technology is represented by a new class of Marine Bioproducts, the source of which lies in marine microorganisms. The microorganisms include microalgae, bacteria and archaea. These organisms represent very diverse, adaptive life forms and in their metabolic processes use carotenoids, polyunsaturated fatty acids, ultraviolet blockers, as well as a wide range of enzymes that are pivotal in the production of new pharmaceuticals and nutraceutical products. These organisms cover a wide spectrum of ocean environments, from the shallow to the deep, from the normal to the extreme. The technological challenge is in the identification of candidate organisms, in the screening for valuable enzymes, and in the industrial production. A whole new range of collecting strategies involving submersibles, ROVs and in situ ocean floor instrumentation is emerging. New non-polluting industrial chemical processes involving the use of photobioreactors and extremophile bioreactors for breeding and monitoring these organisms in neo-farming technology is emerging. The commercial value of these candidate products is immense, as is the range of potential organisms. The dimension of this new industry is global. The Marine Bioproducts Engineering Center (MarBEC), funded by the National Science Foundation (NSF), has been established at the University of Hawaii. The vision of MarBEC is to develop a seamless research system stretching from undergraduate education to industry for the purposes of producing valuable marine bioproducts outside of the normal chemical factory production. MarBEC is uniquely and strategically placed in the Pacific to explore, find, and adapt highly bioactive marine micro-organisms found in the tropical ocean. We have watched the increasing need by the ever-

Jan 1, 2000

By Derek V. Ellis

This article is a summary, with documentation and references, of recent global developments in identifying environmental issues affecting the marine mining industry. It is recognised that marine mining for various products occurs at various depths from shallow water (e.g. aggregate and diamond mining) potentially to great depths (e.g. metalliferous muds, and manganese crusts and nodules). Nevertheless there are environmental issues in common, even though the options for resolutions will vary greatly. The point of this review is to identify the issues, so that where site-specific resolutions are considered, it is possible to draw on experience with the issues elsewhere. Related mining issues, e.g. tailings effluent quality, orebody geochemistry, are mentioned where relevant but are not detailed in this article, although obviously they are a part of there solutions to the environmental issues. The environmental issues and their resolutions are important - on the basis of the ethic of not creating more impact than is inevitable, and the long-term financial and social costs at a mine-site of not getting the resolutions right.

Jan 1, 2000

By Jun Lu

Compared with land mineral resources investigation, as well known, it is more important for marine geologists to get image data (e.g. photographs, video tapes and various charts) because they are often hard to reach deep seabed directly. In the past years a plenty of image data which are in various forms have been accumulated. In contrast with both digital and character data managing the image data by using database is just unfolding and it will be a trend for marine mineral resources investigation. GIS (Geography Information System) offers another useful means of processing image data, especially geological data. GIS is characterized by processing vector data (e.g. point, line and polygon), but newer versions of GIS software package are also able to process raster data (e.g. photographs etc.). The present author made a presentation on marine mineral image database during 25th UMI, but that system runs under DOS environment and dealt with only mineralogy. Recently a new system which integrates Oracle image database with GIS (ArcView version 3.1) has been developed. This system runs under Windows NT environment. In the network environment Server/Client mode is adopted, and over 200 basic subdatabases (tables)are located on Server; operating interfaces are located on several clients so that several persons can operate the system simultaneously. The whole system involves five types of marine mineral resources: manganese nodules, cobalt-rich crusts, polymetallic sulfides, phosphorites and gas hydrates. The data of every type of marine mineral resources described above are distributed among five units and several blocks. The units and blocks are described below:

Jan 1, 2000

By Sang-Mook Lee

The Manus back-arc basin behind the New Britain Trench is one of the major sites of active seafloor hydrothermal vent-fields which are considered to be modern-day analogue of felsic volcanic-hosted polymetallic massive sulfide deposits abundant in ancient geological record. Many of these deposits represent multi-million dollar resources, and yet very little are known about the fundamental processes leading to their formation. In November 2000 January 2001, the PACMANUS hydrothermal system in this region will be targeted by the Ocean Drilling Program Leg 193 to investigate the internal anatomy. A number of observations that suggest that the tectonic, magmatic and hydrothermal processes in the eastern Manus basin spreading center are unusual in that they can not be explained by a simple back-arc opening due to subduction of the New Britain Trench. Geochemistry of submarine volcanoes in the eastern Manus basin, for instance, shows affinity to arc rather than back-arc type volcanoes. Yet these submarine volcanoes lie too faraway from the Benioff-Wadati zone. One hypothesis is that the magmatic and subsequent hydrothermal activity of this region is a direct result of the irregularities in the deep crust and upper mantle structure and that the tectonic process is controlled by the sharp inflection of the New Britain Trench. According to this hypothesis, the two major southeast-trending strike-slip faults in the eastern Manus Basin, Djaul and Weitin Faults, should extend farther down and join to the New Britain Trench. They would form a transform arm of the triple junction with the New Britain Trench southeast of New Britain Island and southwest of Bougainville Island forming the other two arms. A trench-trench-transform triple junction can not be stable over time, and therefore a slight change in the plate velocity may lead to a dramatic change in the configuration of the plate boundaries. If so, the instability of the triple junction may cause large tectonic deformations, such as mantle uplift under the Manus basin due to mantle rupturing by transform faults, and therefore may explain the arc-style volcanism and unusual compositions of hydrothermal deposits in the eastern Manus basin.

Jan 1, 2000

By Arturo Carranza Edwards

Sedimento II oceanographic cruise, on board of the B/O El Puma, shows a new high anomaly or phosphate associated with shelf sediments from the south Mexican Pacific. Recently, were found two anomalies in the Gulf of Tehuantepec, that are located to the east of this new anomaly, that is related to muddy sands and rock fragment debris. The latter shows values of 17% P205. The phosphate occurrence is probably associated with red tides locations that usually are found in sites where sediments are phosphates enriched. These findings suggest that south Mexican Pacific is of potential interest for P205, in waters with high nutrients values. The possibility of a more regional occurrence of phosphate, from California to Chile is suggested.

Jan 1, 2000

By James R. Hein

Ferromanganese oxyhydroxide crusts (Fe-Mn crusts) precipitate out of cold ambient seawater onto hard-rock surfaces at water depths of about 600-4000 m throughout the ocean basins. Fe-Mn crusts concentrate most elements in the Periodic Table above their mean concentration in the earth's crust (continental plus oceanic crust), except for the major rock-forming oxides and also notably gold and palladium. Tellurium is concentrated greater than any other element relative to its earth's crust mean (about 1 ppb). For example, mean contents of the elements heretofore known to be most enriched in crusts, Mo, Tl, Sb, Co, Mn, Bi, As, Se, and Pb are enriched 100 to 1000 times over their earth's crust mean, whereas the mean Te content in Fe-Mn crusts is enriched about 50,000 times. However, the distribution of Te in the earth is poorly known. Estimates of the mean Te content of the earth's crust range from 0.36 to 10 ppb, with 1 ppb being the most commonly cited mean content (compilations in Levinson, 1974 and Govett, 1983). If we took the highest estimate of 10 ppb, then Te would be enriched in Fe-Mn crusts five times more than the next most enriched element, or 5000 times the estimated maximum mean earth's crust.

Jan 1, 2000

By Julian Malnic

The emerging marine minerals exploration and mining industry is currently focused mainly on the technical elements for its success such as developing exploration and mining technologies. However, in one sense, the technical challenges are quite soluble whereas those arising in the fields of the environment and public opinion could present this new generation of miners with problems that are far more difficult to overcome. One need only look at the issues currently faced by mining projects on land to see how powerful the new forces of so-called ?civil society? are in stopping mineral developments in many countries. From the geographic viewpoint, there are many countries but there is just one ocean, so the impacts experienced by any one operation are likely to have pervasive repercussions throughout the industry. A well-oiled NGO development protest lobby will see leverage in resisting this new industry and will seize on the single-ocean angle. The Australian Minerals Industry has established a voluntary Code for Environmental Management that provides an active and valuable model for satisfying the ?court of public opinion? and in delivering economic results to industry that are in current jargon, sustainable. An explanation of the Code for Environmental Management, and the reasons behind 44 companies representing more than 300 operations and 85% of Australia?s sizeable mineral production being signatory to it will be given. Participants see it as a means to future shareholder wealth.

Jan 1, 2000

By Peter Halbach

The two HYFIFLUX cruises of the German RV SONNE (SO 99/1995 and SO 134/1998) were organized in the framework of a co-operation between several German universities and two European marine research partners. It is a multidisciplinary program for the study of hydrothermalism with its associated geological, mineralogical, and biological processes in the North Fiji Basin (NFB) in the SW-Pacific. The main achievements of the HYFIFLUX cruises were detailed multibeam Hydrosweep mapping in order to identify the detailed tectonic setting, water sampling at hydrothermally active vents, mineral sampling at inactive sites with sulfide, sulfate, and silica mineralizations, and sampling of basaltic rocks, (Halbach et al. 1999). Oceanic accretion in the NFB is characterized by a double spreading system (Auzende et al. 1994),with one spreading axis located in the median part of the basin (Central Fiji Ridge, CFR) and the second one located immediately west of the Fiji platform (West Fiji Ridge). Most of our investigations were done in the northern part of the N 15° segment of the CFR, which corresponds to area A of our program, area D is located farther south in the NFB and corresponds to the N-S segment of the CFR (Fig. 1). During previous works under the French-Japanese STARMER project, the active ?White Lady? mound and the extinct Père Lachaiseí site were sampled; these samples were studied by Bendel et al. 1993. Here an inactive hydrothermal field was studied, where there were many sediment-covered chimneys in various stages of disintegration, (Bendel et al. 1993). However, the area immediately southwest of the nodal circular basin, which is the triple point junction of the medium-spreading Central Fiji Ridge (about 6 cm/yr spreading rate

Jan 1, 2000

By Philomene Verlaan

This study examines the possible relationships between compositional variability in non-hydrothermal manganese nodules and large-scale environmental parameters. In the central SW Pacific (145-180° W and 20-O° S) the level of primary productivity, the rates and proportions of carbonate, silica and organic matter supply to the sediments, and the position of the seafloor relative to the Calcium Carbonate Compensation Depth (CCD) appear to directly influence nodule composition. Four zones of nodule composition are apparent. These zones correlate fairly well with the level of primary productivity in surface waters, as estimated by satellite-based measurement of chlorophyll content. The observed correlations between surface productivity and nodule composition are consistent with the contention that the dominant source of several transition metals in these deposits (i.e , Mn, Ni, Cu. and Zn) is provided by removal of fine-grained particulate matter from the water column by biological means. Subsequent decay of organic matter in sediments augments the content of these metals in the nodules through oxic and sub-oxic diagenesis. The opposite behavior of Fe and Co content may in part result from mineralogical and dilution effects.

Jan 1, 2000

By James M. Cairns

Deep Sea Minerals Inc. (DSM) is a high technology marine minerals and biotechnology corporation. The corporation is currently engaged in a worldwide leasing program to acquire exclusive rights in specific Economic Exclusive Zones (EEZ?s) that DSM?s marine geologists have identified as prospective targets for seabed mines of copper, zinc, gold, and silver. In the last two years the corporation has assembled an international team, including some of the world?s leading marine research scientists and engineers, and has created strategic partnerships and alliances with world-class engineering and mining groups. Development of a marine mining venture has key requirements in common with most other mining ventures. These include financing, deposit location, property acquisition, deposit delineation, and permitting, as well as the collection, transportation, processing and marketing of the ore itself. DSM has made progress on all of these fronts, which is outlined in a general way in this presentation. Financing for the venture is clearly the first big hurdle to overcome. Deep seabed mining involves new technologies and significant up-front capital investment. Less than fifteen years ago, such financing would probably have impossible to achieve, given classical business models. However, with the spectacular success of high technology ventures in the areas of electronics, software, and biotechnology, new business models and investment strategies have evolved which put relatively high evaluations on intellectual property and exhibit relatively high confidence in new ways of doing things. DSM is taking full advantage of these changes in venture capital markets in its financial planning.

Jan 1, 2000

By Hal Palmer

A number of Articles contained in the United Nations Convention on the Law of the Sea III (UNCLOS) bear directly on legal issues related to the recovery of mineral deposits on the ocean floor. Mineral resources of the continental margin other than oil, gas and hydrates include, sand, gravel, shell, coral, gemstones and phosphorite. Jurisdiction over the exploration and exploitation of these deposits is determined either by the Territorial Sea claims of a coastal state or their recognized sovereign rights in the Exclusive Economic Zone (EEZ). At least 33 coastal states have the right under Article 76 (Continental Shelf regime) to claim seabed jurisdiction beyond 200 nautical miles (EEZ limit). In addition, several states have "Pioneer Investor" status with regard to seabed resources in international waters (The Area). A global maritime boundary database (GMBD) has been developed as a basic resource identifying the current claims of coastal states. It provides detailed information on existing boundaries and limits determined by the UNCLOS accords or by multi-lateral agreements which affect mineral exploration and exploitation. This paper will describe the GMBD and its construction and maintenance.

Jan 1, 2000

By P. C. Hollick

Two marine diamond deposits on concession 2b off Namaqualand along the South African Coast, have been systematically mined over the past year by the mv Moonstar. The two deposits, Smith?s Ulcer and Wedge Point Basin, are comparable in morphology, straddled the same water depths and have similar geology yet have given very different recoveries when compared to their respective grade models. These differences are best ascribed to the different style of mineralisation observed within the two deposits which has been directly controlled by the bedrock morphology. The smith?s Ulcer deposit has been formed in a metagreywacke bedrock displaying a strong north-south trending foliation which dips steeply to the west. Consequently the mineralisation is confined to narrow north-south linear trends with limited lateral extent (less than 5m) making extraction extremely difficult and somewhat variable. RE factors (recovered grade versus estimated grade) for this deposit range from 0.5 to 1.1. The Wedge Point Basin deposit is formed in a micaceous metaquartzite with a conjugate southwest northwest joint set, the southwest lineation being the more prominent, and structural foliation dipping gently to the west. The resultant style of mineralisation is confined to basinal features defined by topographical lows and is fairly lateral in extent (in order of 50m). Extraction of the mineralisation from this deposit is less arduous with recoveries more uniform, RE factors are frequently in the range 2 - 3. This style of mineralisation is more in line with what is to be expected from marine alluvial deposits, the nugget effect of diamond concentration being responsible for the high RE factor. The long narrow linear trends observed in Smith?s Ulcer demonstrably require a specialised approach in successfully sampling, modeling and ultimately mining.

Jan 1, 1998

By Peter M. Herzig

In 1994 and 1998 the German research vessel R/V Sonne undertook detailed mapping and sampling of the largely uncharted offshore areas of the Tabar-Lihir-Tanga-Feni island chain in the New Ireland Basin of Papua New Guinea. The New Ireland Basin occupies a fore-arc position with respect to the formerly active Manus-Kilinailau arc-trench system and hosts a series of Pliocene to Recent alkaline volcanoes which are built on rifted Miocene sedimentary basement. Several of the volcanoes possess high-level porphyry stocks and active geothermal systems, including gold-depositing hot springs and the giant (40 million ounces) Ladolam gold deposit on the island of Lihir. On the southern flank of Lihir island, a group of three volcanic cones were discovered at water depths from 1.000-1.500 m. The volcanoes are located in a narrow zone of recent seismic activity and elevated heat flow (up to 100 mW/m2). The recovered volcanic rocks consist of fresh alkali-olivine basalts, clinopyroxene-rich basalts (ankaramites), porphyritic phlogopite basalts, and trachybasalts. Unusual gold-rich hydrothermal precipitates were recovered from the summit of the 600 m high Conical Seamount located only about 10 km south of Lihir Island. 1200 kg of sampled material systematically collected with a TV-guided grab from the top plateau (150 x 200 m, 1.050 m water depth) are intensely mineralized with pyrite, marcasite, minor sphalerite, chalcopyrite, galena, tennantite/tetrahedrite, and orpiment/realgar together with traces of anglesite, cerrusite, and amorphous silica in stockwork-like veins. Bulk samples of the vein mineralization consist mainly of clays, silica, and disseminated sulfides, and have an unusual high gold content ranging from 1.2-44.0 ppm Au. In some of these samples, grains of native gold (about 1 micron in diameter) were identified by SEM in pyrite and sphalerite. The gold-rich material also contains high concentrations of silver (up to 1000 ppm) and typical epithermal elements such as As (2.6 wt.%), Sb (0.2 wt.%), and Hg (34 ppm). Similar to epithermal deposits on land, which usually have only low base metal contents, the samples from Conical Seamount contain only minor amounts of Zn (max. 4.5 wt.%), Cu (2.0 wt.%), and Pb (2.0 wt.%). Many of the samples recovered from Conical Seamount are virtually identical to the gold ore at Lihir.

Jan 1, 1998

By Raymond A. Binns

The Eastern Manus Basin (EMB) contains three major active hydrothermal zones and a number of smaller occurrences of hydrothermal deposits, and can be considered as a regional-scale modern analogue for volcanic-hosted mineral fields on land. Unlike the central Manus Basin, a back-arc spreading zone with some MORB-like basalt-hosted massive sulfide deposits, the EMB is a pull-apart rift zone between two transform faults, where a basement of Eocene-Oligocene arc crust is being thinned by extension, with rapid sedimentation on the tilted fault blocks. Present-day submarine igneous activity in the EMB, with which hydrothermal activity is associated, has arc geochemical affinities and is related to subduction of the Solomon Sea Plate at the New Britain Trench. Overall, hydrothermal deposits in EMB are found with lavas ranging from picritic basalt to rhyodacite in composition, although the two major occurrences of massive sulfide are hosted by the more siliceous dacite and rhyodacite variants. Some volcanic edifices are central eruptions, mostly of porphyritic lavas or domes, while others are elongate ridges formed by fissure eruption in which the typically aphyric lavas were very fluid. Evidence for shallow-level fractional crystallisation controls of lava chemistry implies presence of subjacent differentiated intrusions or former magma chambers. Seismic tremor at one site during the nearby 1994 Rabaul eruption suggests magma movement in the chamber.

Jan 1, 1998

By Mark D. Hannington

Drilling of the active Trans-Atlantic Geotraverse (TAG) deposit during ODP Leg 158 indicated that the size of the mound-stockwork complex is approximately 3.9 million tonnes, including 2.7 million tonnes of massive and semi-massive sulfide (ca. 2% Cu) at the seafloor and 1.2 million tonnes of mineralized breccias (ca. 1% Cu) in a subseafloor stockwork. Quartz-pyrite veining in the stockwork zone extends from about 40 meters below seafloor (mbsf) to a depth of 95 mbsf. Siliceous wallrock breccias in the lower part of the stockwork grade abruptly into chloritized basalt breccias at the margins of the mineralized zone, and massive sulfides at the flanks of the deposit onlap relatively unaltered, partially hematized basalts. The pipe-like dimensions of the stockwork zone do not exceed the diameter of the sulfide mound. Comparisons with samples collected during earlier dive series confirm that the vent complexes at the surface of the mound are not representative of the bulk composition of the deposit. Dramatic vertical zonation of metals within the mound suggests that a long history of hydrothermal reworking has effectively stripped the constituents that are soluble at lower temperatures from the massive sulfides and concentrated them at the top of the deposit through a process of zone refining.

Jan 1, 1998

By Jan M. Peter

Many massive sulfide deposits and districts around the World contain rocks that are variously referred to as ?exhalites?, banded iron formation (IF), ?Algoma-type? IF, ferruginous chert, jasper, jasperoid, cherty tuff, tuffite, tuffaceous exhalite, chloritic IF or sulfide IF. With few exceptions, such rocks are thought to be (in part) fossil hydrothermal sediments deposited from hydrothermal fluids vented into a submarine rift environment. Such hydrothermal sediments are associated with a wide variety of ancient base-metal sulfide deposits (e.g., Cyprus-, Besshi-, Kuroko-, and Broken-Hill-type deposits), and hydrothermal sediments are commonly associated with some of the largest base metal sulfide deposits in the world. Analogs of ancient hydrothermal sediments can be found around many modern seafloor hydrothermal deposits which themselves precipitate from high-temperature (350°-400°C) hydrothermal fluids. Hydrothermal fluids are quenched on contact with ambient seawater, and most of the metals are immediately precipitated to form the mound and chimney deposits. However, for kinetic and solubility reasons, not all metals and other species are immediately precipitated at the vent site. Fine particles (up to several hundred microns in diameter) of sulfides, sulfates, carbonates, oxides, silica, Fe-oxyhydroxides, clays, and other phases are precipitated from the hydrothermal fluids in the water column above the deposits. These particles or "particulates" are carried upward for several hundred meters in a buoyant hydrothermal plume (which is typically several hundred meters thick) until it reaches a neutral density, and disperses laterally from the vent site. Modelling of plume dynamics has shown that the majority of particulates are deposited by gravitational settling a few hundred meters from the vent site, and Å99% of particulates are deposited within 3 kilometers. However, signals from modern plumes have been detected even hundreds of kilometers from their source. Factors which can affect the morphology of the plume (and the resultant fallout pattern) include: particulate size, shape and density, bottom topography, and the direction and velocity of bottom currents.

Jan 1, 1998

By Ian B. Corbett

De Beers Marine Pty Ltd. (South Africa) (DEBMARINE), a wholly owned subsidiary of De Beers Consolidated Mines Ltd. specializes in the provision of contracting and consulting services for offshore diamond exploration, Mineral Resource Management and mining. Established in 1983, the company is strongly focused on driving and sustaining growth of the offshore diamond mining industry into the 21st century. DEBMARINE provides full Mineral Resource Management and produce almost half a million carats annually for the Namibian Diamond Corporation (Pty) Ltd. from their offshore mining licence. The company is also extensively involved in feasibility studies to establish new mining ventures and in the exploration of several offshore Prospecting Licence Areas for other clients. As a pioneer in this field, DEBMARINE remains highly focused on technological development. A specialized section, the Technical Development Business Unit, has been established. Through relationships with various technology leaders, this unit develops new sub-sea mining technology and delivers productivity innovations aimed at realizing maximized carat extraction. This talk provides a broad perspective on the development of the Namibian offshore deposits and examines the critical role played by high-resolution orebody characterization and high-confidence Mineral Resource development at De Beers Marine.

Jan 1, 1998

By R. W. Nesbitt

The TAG and Broken Spur hydrothermal mounds are located on the Mid Atlantic Ridge (MAR) at 260N and 290N (respectively). Both were initially discovered by exploratory work from surface vessels and both have since been investigated by submersibles. The discovery of TAG resulted from a NOAA Trans-Atlantic Geotraverse (Rona et al. 1975) which fortuitously sampled low temperature materials on the east wall of the MAR rift valley and follow up operations (Rona et al. 1986) located the high temperature (365°C) mound some 5km to the west. In 1994, ODP deep sea drilling (Leg 158) at over 3,500 metres of water recovered core to a depth of 150 m below surface (Herzig et al. 1998) and for the first time allowed a geological interpretation of an active mound. The Broken Spur mound was accidentally discovered in 1993 when sulphide fragments were observed on a deep-sea towed camera system (Murton 1993). Later that year, exploratory submersible dives by Alvin located the hydrothermal field and the area was again explored by submersible in 1994 and 1997. Despite the amount of work carried out, our geological understanding of the MAR mounds is limited. Much effort has gone into measuring fluid chemistry whilst practical difficulties have inhibited good geological mapping of the sulphide areas. It is clear from both TAG and Broken Spur that the mounds are not necessarily located in the areas of highest heat potential. Indeed, TAG is some 2 km from the rift valley axis and has been operational for several tens of thousands of years. Hence, heat availability is not a major consideration and the most obvious control is a structural one. Mapping on Broken Spur indicates a series of isolated vent-sulphide areas, concentrated around a minor graben. Their distribution, size and nature all indicate that they are residual parts of a much larger sulphide body which was at least the size of the present TAG field. The evidence is for a cyclical pattern of mound growth -mass wasting? rejuvenation and the Broken Spur mound appears to be in the rejuvenation stage of the cycle. Mound cyclicity must be related to the supply of hot water which itself is a function of the connectivity of fracture systems. Hence, we return to the theme that the major controls in mound development are structural ones.

Jan 1, 1998

By Mike Woodborne

The marine diamond industry off south-western Africa is maturing rapidly. Some of the larger explorers have reached an advanced stage in their resource development and new mining operations have been started in the last year. Most of the major exploration, mining and marine engineering companies have offices in Cape Town. As a result of the increased activity and experiences to date, new approaches to marine diamond exploration and mining are now evolving. Primary factors contributing the new approaches are namely 1) the concentration of expertise in a localised area 2) the significant increase in the base of available exploration and production results and 3) parallel advances in the marine engineering design and geophysical survey equipment. The sea floor geology and setting of the marine diamond exploration areas is now better understood. Consequently the strategy for exploration and the selection of appropriate survey equipment is improved. Due to new equipment developments, different exploration alternatives now exist, depending on the programme objectives. Significant advances have also been made in the data processing and modelling undertaken to assist in the identification and targeting of potentially diamondiferous prospecting features. Similarly, the design of appropriate prospecting tools and programmes has also been improved. Following exposure to the requirements of the marine diamond industry, the design engineering and operating companies have responded with innovative designs for new prospecting tools. In recent years the availability of relevant information on marine diamond prospecting and production has increased. As a result, there is now sufficient basis for the construction of meaningful financial valuation models that can be effectively used to control and guide the exploration projects, to the benefit of both the explorer and the investor.

Jan 1, 1998

By Stephen J. Juras

The Myra Falls deposits comprise a complexly metal-zoned polymetallic volcanogenic massive sulfide district located 90 km from Campbell River in central Vancouver Island, British Columbia, Canada. The massive sulfide deposits are hosted by subaqueously-deposited rocks of the Devonian age Myra Formation of the Sicker Group volcanic assemblage. The deposits comprise many individual massive sulfide lenses grouped into several major zones within two main felsic volcanic stratigraphic intervals - the upper Lynx-Myra-Price Horizon and the lower H-W Horizon. The largest of these zones, the H-W and Battle, occur within the H-W Horizon. The first claims in the area of what is now Boliden-Westmin?s Myra Falls Operations were staked in 1917. Early prospecting resulted in the discovery of three massive sulfide showings which eventually became the Lynx, Myra and Price mines. Sporadic exploration was carried out until 1961 when Western Mines Ltd. (now Boliden-Westmin Ltd.) acquired the claims. Subsequent ore definition outlined 1.9 million tonnes of ore (approximately 5 years of mine life) in the Lynx deposit, and mining began in 1966. Pre-mining geological reserves (to January 1, 1997) comprised 6.7 million tonnes grading 3.3 g/t Au, 130.6 g/t Ag, 2.0 % Cu, 1.4 % Pb and 10.2 % Zn for the Lynx-Myra-Price deposits, 17.1 million tonnes grading 2.3 g/t Au, 32.7 g/t Ag, 2.3 % Cu, 0.3 % Pb and 4.2 % Zn for the H-W deposits and 4.2 million tonnes grading 1.1 g/t Au, 27.0 g/t Ag, 2.2 % Cu, 0.5 % Pb and 12.0 % Zn for the Battle deposits. Property-wide production to January, 1996 has been 15.7 million tonnes grading 2.1 g/t Au, 58.7 g/t Ag, 1.9 % Cu, and 5.2 % Zn.

Jan 1, 1998