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By A C. Edwards

The Mesozoides of North-Eastern Asia represent a collage of exotic terranes which were accreted to the margins of the Siberian continent. In the Late Precambrian and Phanerozoic, the passive margin of the Siberian continent (the current north-east) broke up into a number of discrete fragments as a result of rifting events in the Riphean, Early and Middle Paleozoic. Rift related mineralisation includes stratiform and stratabound copper and base metal mineralisation in the structures of the Omulevka, Okhotsk and Prikolyma basement terranes, as well as along the edge of the Siberian continent in the Paleozoic sediments of the Verkhoyansk passive margin. During the Late Mesozoic the terranes were reassembled in a series of accretionary events. At the end of the Jurassic, the velocity of the Kula plate increased, and the opening of the Canadian Basin in the Arctic commenced, changing the vectors along which the Siberian and North American plates moved. Island arcs terranes were pushed back onto the Omolon super-terrane which was in turn pushed onto the Siberian Craton in a series of massive collisional events that resulted in the restructuring of the whole region. Numerous granitoids characterised by collisional and island arc chemistries with Au and accompanying Sn, and W mineralisation were emplaced. Mesothermal gold-quartz mineralisation was emplaced in a series of narrow belts that adjoin major crustal sutures and that spatially overlap belts of granitoids and zones of subgreenschist metamorphism. Each of these gold-quartz vein belts corresponds with a specific collisional phase. In the middle Cretaceous, the Okhotsk-Chukotka volcanic belt developed along the paleo-Pacific margin of the Siberian continent. Epithermal Au-Ag developed in the volcanics and shallow mesothermal Au-Ag-quartz and Au-Sb mineralisation developed in the Mesozoides. Porphyry and skarn style mineralisation developed in both the island arcs and in the continental Okhotsk-Chukotka Volcanic Belt.

Jan 1, 1999

By Gupta R. C

Syria has about 500 million ton deposit of minerals having 34 per cent iron content with alumina and silica as major impurities. Efforts were made to see the feasibility of concentration by four different methods involving washing, high intensity magnetic separation, reduction roasting and magnetic separation and acid leaching technique. It was observed that the reduction roasting with magnetic separation yields a concentrate with high iron (62.3 per cent) content without requiring water which is a scarce raw material in the region. The paper concludes that the detailed study may be made following this route to optimise the process Parameters.

Jan 1, 1999

Australia's iron ore industry is entering a challenging period with the development of new orebodies, the introduction of new products and the push for further downstream processing. In addition, the recent price reductions for iron ore exports have intensified the focus on reducing capital and operating costs. To assist in these areas, CSIRO is expanding its research capabilities, including the incorporation into CSIRO of the Mineral Processing Laboratories in Perth, which were previously managed by the WA Department of Minerals and Energy. In addition, a large part of the $24.4 million expansion of CSIRO's Pinjarra Hills laboratories in Brisbane will be devoted to enhancing iron ore processing research, providing purpose built laboratories and large process bays.

Jan 1, 1999

Iron production in one year exceeds that of all other metals combined in ten years. It is a huge industry that started from a modest furnace producing one - two kilograms metal per day to a gigantic reactor producing 10 000 tons per day. The major milestones of these developments are reviewed.

Jan 1, 1999

By A C. Edwards

The Mongol-Okhotsk belt consists of detached fragments of the Circum Pacific fold belt which have been trapped within the Mongol-Okhotsk fold belt. In its western part, the structures of the belt form an east-facing loop that is not connected with the other orogenic structures of Central Asia. In the eastern part of the belt (the Mongol-Okhotsk suture zone) the terranes form a zone between the Siberian craton to the north and the Bureya composite terrane to the south, that is linked with the Circum Pacific belt. The accretionary terranes, together with their Precambrian backstops, form a series of consistently-stacked, paired units that are bounded by northwest and north trending sinistral strike-slip faults. The ages of the rocks forming these accretionary complexes vary from Late Precambrian - Carboniferous in the west to Cambrian - Jurassic in the east. The terranes developed due to a progressive westward stacking of the accretionary complexes during the process of accretionary growth. The magmatic rocks young eastward indicating that migration of the magmatic front of the arc followed the eastward growth of the accretionary complexes. The accretionary terranes may be differentiated by their Paleozoic lithological assemblages. Only the Selemdzha, Niman, and Kerbi terranes located in the eastern part of the Mongol-Okhotsk suture zone contain significant amounts of black shale, and it is these terranes that host the bulk of the hardrock and placer gold mineralisation that is present within the suture zone. Gold mineralisation is present both as vein style and disseminated mineralisation within structural duplexes.

Jan 1, 1999

By Ray H. S, Galgali R. K

It is well accepted that the blast furnace will continue as the main route for iron-making for many more years. However, its limitations have motivated researchers to look for alternative routes, particularly, those where non-coking coal is used for liquid iron production. Smelting reduction (SR), where coal and oxygen are used to produce liquid iron and power is now receiving serious attention. Several smelting reduction reactors are now operating in pilot plant scale and one or two have reached commercial status.

Jan 1, 1999

By D J. Gray

The 4 km long Huguenot Toll Tunnel in the Western Cape region of South Africa celebrated its tenth anniversary on 18 March 1998. At present a single (South) bore with bi-directional traffic flow is operational. The North bore was originally excavated but not lined and equipped.The tunnel is fitted with a semi-transverse ventilation system comprising 45/350 kW two speed fresh-air and 1 MW exhaust air fans at each of the portals. These provide ventilation through fresh and exhaust air ducts above the ceiling separated by movable partition doors. Secondary air ducts deliver air at low level. The fan control depends on the levels of CO pollution or visibility measured at six positions along the tunnel.The system performed well during initial tests and under conditions of low traffic volumes. As traffic volumes increased, and user complaints of bad air in the tunnel were received on several occasions, we realised that we had a problem. Tests confirmed that natural airflow within the tunnel induced by prevailing meteorological conditions outside the portals affected the performance of the ventilation system causing a plug of bad air to be trapped at varying positions along the operating tunnel.The control systems in the tunnel are presently being upgraded as described by Gray, Rieckert and Bullock (1998). As part of the retrofit we are implementing a new control strategy for the ventilation system which takes into account the external weather conditions. This paper discusses the 24 month long meteorological data gathering exercise, which is on-going, and explores the philosophies planned for controlling the ventilation system. The correlation between winds external to the tunnel and induced airflow inside the tunnel are examined. The effects of the weather induced airflow on the existing ventilation system are considered and proposals given for taking these effects into account in the new control strategy. These include the implementation of an expert system to predict ambient airflow from prevailing weather conditions, and the use of airflow measurements taken in the uncompleted North bore as a cross-check.The paper highlights the need to take cognisance of external weather conditions when designing tunnel ventilation systems.

Jan 1, 1999

Cretaceous volcanic activity (Hauterivian Albian) in the Peruvian Andes can be found along the coast of Peru and the western edge of the Andes mountains between 15o30'S and 5o30'S, extending discontinuously in south to Chile and north to Ecuador and Colombia. This volcanic activity formed in three aborted marginal basins; the NNW-trending volcanic Ca±ete and Huarmey, and NNE-trending Lancones basins. These volcanic rocks are predominantly andesitic and basaltic in composition, of calc-alkaline and tholeiite affinity with subordinate dacitic and rhyolitic rocks. One notable feature is the appearance of æocoitasÆ from Ica (14oS) south to Santiago de Chile. These rocks have a calc-alkaline to alkaline affinity. From south to north, the continental crust gradually becomes thinner, allowing mantle material to rise towards the surface. Ophiolitic sequences of this type form a marginal basin in Colombia. Very low-grade regional metamorphism which affects the volcanic rocks also varies gradually from south to north. Between Santiago de Chile and Ica this takes the form of burial metamorphism, with moderate geothermal gradients (20o-30oC/km). Metamorphism in the Huarmey basin is transitional between burial and ocean-floor metamorphism, with very high geothermal gradients (>3000C/km). High geothermal gradients are also apparent in metamorphism of the Lancones basin, though less than the other basins. Ocean-floor metamorphism is present in the ophiolitic sequence in Colombia. Associated mineral deposits in the Huarmey and Lancones basins, and in the north, are of the volcanic massive sulphide-type (VMS). The principal deposits in Peru are Leonila Graciela (20 Mt Zn and Pb) and Tambogrande (40 Mt Cu and Zn). There are also smaller mines and prospects. To the south of Lima, manto-type Cu deposits (CuMT) are found with a mineralogy of chalcopyrites, pyrites, magnetite, actinolite and apatite. The main example is Raul Condestable (10 Mt Cu). Other prospects are present to the south and Chile has some very large mines of this type (El Soldado, Lo Aguirre). The notable differences between the CuMT and the VSM deposits are thought to be the result of the prevailing conditions in the earthÆs crust during the Hauterivian Albian. To the south, calc-alkaline and alkaline volcanic activity in aborted marginal basins, with thicker crust, was thick, produced moderate geothermal gradients associated with burial-type regional metamorphism and deposits of CuMT. In the north aborted marginal basins associated with calc-alkaline to tholeiitic volcanic activity and a gradually thinning crust, produced transitional regional metamorphism between burial-type and ocean-floor type, associated with high to very high geothermal gradients and VMS deposits. In Colombia these conditions led to ophiolite extrusive rocks, ocean-floor metamorphism and also VMS deposits.

Jan 1, 1999

By N M. Caira

The North Arm of Sulawesi hosts numerous gold and base metal occurrences. Compilation and analysis of geological, tectonic, geochemical and isotopic age date data collected over the past six years on the central part of this region have resulted in the definition of 184 prospects and mineral occurrences of various styles occurring in diverse geological settings representing varying tectonic environments and erosional levels. Mineralisation of the following styles have been recognised: porphyry Cu-Au; porphyry-related gold and base metal veins; high-sulphidation Cu-Au-As; low-sulphidation epithermal Au; hydrothermal breccias; and sediment-hosted Au mineralisation. Clusters of occurrences/prospects form mineralised districts representative of magmatic systems with characteristics determined by the tectonic environment prevailing during formation and the subsequent level of exposure by erosion. Distinctly different Miocene and Pliocene porphyry systems are now recognised whilst most of the remaining epithermal mineralisation is thought to be Pliocene or later. The central North Arm of Sulawesi is composed of a Miocene magmatic island arc that is built on an Early Tertiary basement of predominantly oceanic basaltic rocks and overprinted by a Pliocene magmatic arc. A structural fabric dominated by SSE arc-normal and ESE arc-parallel faults was established during the Miocene under a dextral wrench regime and intersections of these major fault sets are favoured sites for Miocene porphyry Cu-Au mineralisation. Strong dextral tension caused by the collision of the Sula Platform, at the close of the Miocene, led to arc-parallel rifting. Sinistral reactivation of the major Miocene structures in the Pliocene led to further rifting, and ENE-dilation. Pliocene intrusions and related mineralisation exploit these dilatant settings. Miocene porphyry Cu-Au mineralisation occurs where late-Miocene quartz diorite stocks have intruded the margins of earlier Miocene plutons of intermediate composition. Porphyry centres have associated peripheral base metal veins, and skarns. Overprinting of porphyry vein sets by epithermal veins is common. Sediment-hosted gold mineralisation occurs in calcareous sediments associated with the Miocene arc. Remnants of the Pliocene volcanic arc, comprised of dacite volcanics, intrusions and voluminous pyroclastics, dominate the south coast and host porphyry Cu-Au, high sulphidation Cu-Au-As deposits, low-sulphidation epithermal Au veins and disseminated gold mineralisation. In some prospects, mineralised sinters are preserved adjacent to vein systems and deeper mineralised stockworks. Diatremes are common and large caldera structures have been identified. Pliocene stocks and porphyry dyke swarms penetrate the main central and northern parts of the Miocene- arc introducing additional porphyry Cu-Au, base metal hydrothermal breccias and low-sulphidation gold veins. Rapid uplift and erosion has resulted in a highly variable preservation of styles of mineralisation adding further diversity within the mineralised districts and telescoping within deposits.

Jan 1, 1999

By P Mitchell, J Proffett, I Munajat

Batu Hijau is an island arc porphyry copper-gold deposit located in the southwest corner of Sumbawa Island in the Sunda-Banda archipelago of Indonesia. Southwest Sumbawa Island is underlain by Early Tertiary, low-K calc-alkaline to weakly alkaline volcanic and intrusive rocks. Within the mine area the oldest exposed rocks are medium- to thick-bedded, medium to coarse andesite volcanic lithic breccia, thin bedded, fine-grained volcaniclastic sandstones and mudstones and hypabyssal porphyritic andesite. In the eastern portion of the mine area there is a thick sequence of quartz diorite that postdates the andesites. A small stock of Equigranualar Quartz Diorite predates the Batu Hijau deposit and occupies the contact between the andesitic volcaniclastic sequence of rocks and the Porphyritic Quartz Diorite. Batu Hijau is a world-class copper-gold deposit that has a drill indicated mineable reserve of 914 million metric tonnes grading 0.525 per cent copper (10.58 billion pounds copper) and 0.403 g/t gold (11.8 million ounces gold). Mineralised material not in reserve accounts for an additional 580 million metric tonnes at 0.328 per cent Cu (4.19 billion pounds copper) and 0.171 g Au/T (3.19 million ounces gold), and including an oxide copper resource of 57 million tonnes at 0.37 per cent Cu and 0.12 g Au/T. Copper and gold mineralisation is directly related to quartz veining and wall rock alteration that developed with multiple tonalite porphyry intrusions. The tonalites were emplaced along the contact between the andesitic volcaniclastic rocks and quartz diorite intrusives. Copper and gold are zoned around the porphyry intrusions, which are designated by their contact-age relationships and other features as Old Tonalite, Intermediate Tonalite(s), and Young Tonalite(s). The Old Tonalite was the first copper-bearing intrusion, and although it is the smallest intrusion it has the highest quartz vein density, the strongest alteration and the highest grade. At least two tonalite porphyry intrusions followed the emplacement of the Old Tonalite. Each of these intrusions was associated with less quartz veining, weaker hydrothermal alteration and lower grade copper and gold than the previous intrusion. The intrusive cycle culminated with the emplacement of the Young Tonalite, which contains relatively few quartz veins, is weakly altered and mineralised. Hypogene hydrothermal alteration and sulphide mineralisation developed in five temporally and spatially overlapping stages. These stages consist of Early, Transitional, Late, Very Late, and I Zeolite alteration. Early alteration and sulphide mineralisation accompanied each tonalite porphyry intrusion, but with diminished intensity in each subsequent intrusion. Transitional and later stages of alteration and mineralisation postdate the tonalite porphyries and overprint Early stage alteration and mineralisation. Early alteration and mineralisation consisted of biotisation, secondary magnetite and plagioclase development, fine porphyry-style stockwork veining and ore mineralisation. Magnetite-biotite????quartz stringers and dark micaceous (biotite-sericite) veinlets were developed. The veinlets were accompanied by biotisation of magmatic mafic minerals and groundmass. Thin, irregular and discontinuous æAÆ type quartz veinlets and fine-grained chalcocite, digenite and bornite mineralisation accompanies the Early alteration. It is hypothesized that most of the copper mineralisation was originally deposited as bornite, digenite and chalcocite. Secondary plagioclase was added along the selvages of the early quartz veinlets. Early alteration is pervasive within and proximal to the tonalite porphyries. In the distal portions of the deposit, andalusite and anthophyllite formed at intermediate to shallow depths, and in the deeper portions of the deposit, respectively. The andalusite and anthophyllite probably developed at the same time as the early magnetite-biotite-quartz alteration in the core of the deposit. Transitional-age alteration consists of oligioclase/albite-sericite-chlorite- quartz-¦vermiculite and is associated with æBÆ quartz veins. Through-going planar æBÆ veins are thicker than æAÆ and æA-familyÆ veinlets and have chalcopyrite????bornite along vuggy centrelines and narrow oligioclase????albite alteration envelopes. Rare æCÆ chalcopyite¦quartz veinlets were also formed during Transitional alteration. During Transitional alteration early copper sulphide minerals (chalcocite, digenite and bornite) are converted to bornite and chalcopyrite. The majority of the copper (50 - 70 per cent) in the deposit is contained in ores in which chalcopyrite is the predominant sulphide. Late alteration consists of feldspar destruction and replacement by sericite and other minerals. The late alteration is accompanied by the development of æDÆ sulphide veinlets and veins. These veins consist of pyrite and quartz????chalcopyrite. Within the halos of the late pyritic veinlets biotite is replaced by sericite, quartz-sericite, quartz-andalusite, or quartz-pyrophyllite+kaolinite replace plagioclase, and magnetite is converted to specularite and/or pyrite. In the periphery of the deposit, the feldspar destructive alteration, together with outer zones of Transitional-age alteration, constitutes what is commonly referred to as a æpropylitic zoneÆ. Very Late hydrothermal alteration is also characterised by feldspar destruction, but differs from Late alteration in that feldspar is replaced by smectite in association with sericite and chlorite. Sulphide mineralisation in this stage consists of sphalerite, galena, tennantite, pyrite and chalcopyrite. The last stage or I Zeolite alteration consists of low-temperature, open space filling consisting of stilbite or laumontite¦calcite. Supergene oxidisation of the orebody extends to a maximum depth of 210m. Isolated deep oxidation occurs along open fracture zones to depths of ~400 metres along æDÆ vein filled fracture zones. Weak supergene copper enrichment occurs in a thin horizon (15 to 60 m thick) that blankets the top of the deposit. The main supergene copper mineral is secondary æsootyÆ chalcocite replacement of sulphide grains and as veins.

Jan 1, 1999

The arbitration process, and its drawbacks: Any time you have taken part in a major arbitration, and the decision, when it comes out, is not what you thought it would be (which is bound to happen occasionally), the normal reaction is something like æthe arbitrator got it wrongÆ. Again normally, when you have cooled down a bit, and you look in more detail at the decision, you can see, probably, æwhere he got it wrongÆ (it is only male arbitrators who get it wrong). Ultimately, when reason prevails, and you reflect on it, you can see that what really happened was that you failed to get the arbitrator to see what you were getting at in the point or points concerned. This is doubly frustrating, when you consider what has been involved in getting to this point, having been through it all at least twice. An alternative to this process may be the dispute review board.

Jan 1, 1999

A thermochemical model is developed to study the two-stage smelting reduction process for ironmaking without post-combustion. Steady-state multi-material and heat balance equations are solved simultaneously to study the effect of metallisation, slag basicity, coal rank and heat loss on consumption rates of coal, ore, flux and oxygen and production rate of slag to produce hot metal of a given composition, tapped at a given temperature. The model is applied to the commercial data for a COREX-plant producing a wide range of hot metal compositions, tapped at different temperatures. The computed rates of coal, slag, flux, ore and oxygen were found to be close to the reported ones, but an exact match could not be obtained. It is found that a four per cent change in metallisation brings changes the coal rate by five per cent, flux rate by six per cent, slag rate by eight per cent and oxygen rate by 13 per cent, while a ten per cent change in basicity changes the coal rate by ten per cent, flux rate by 13 per cent and oxygen rate by 22 per cent. Further, it is found that an increase in metallisation decreases the coal rate and export gas. At a given per cent metallisation, the coal rate and the export gas are lowest for anthracite compared to all other types of coal.

Jan 1, 1999

Mine closure is a legitimate element of the mining cycle and like mine development involves technical planning, permitting, and finally construction. Closure begins with the mine's operational footprint and transforms the site so that it meets the explicit requirements of the owners and regulators. Implicitly, the closure will increasingly need to meet the requirements of other interested parties such as the local community, workforce, and future land users. Golden Cross is the first modern mine closure in New Zealand. It operated for 6 + years as a mid-size gold and silver mine winning ore from both underground and open pit sources, and processing via a carbon in leach circuit including a cyanide recovery stage prior to tailings disposal. The mine is situated in a sensitive high rainfall environment, and is complicated by the existence of a large ancient landslide underlying most of the tailings dam and waste rock embankment. The regulatory process for mine closure in New Zealand is not clearly understood by operators or regulators alike. The Golden Cross mine was permitted under the Mining Act 1971 and closed primarily under the Resource Management Act. This switch of legislation, the parallel reorganisation of many government departments, and change in societal expectations with respect to long term environmental stewardship during the life of the mine resulted in the requirements of closure being significantly different to the expectations at permitting.

Jan 1, 1999

By H G. Poulos

Prediction of ground deformation caused by soft ground tunnelling is an important problem facing design engineers. The ground deformations are caused by the closure of the gap formed around the tunnel due to the tunnelling procedure and soil intrusion via the tunnel face into the tunnel. There are three different approaches that are commonly used in practice to estimate the ground deformations due to tunnelling, namely, empirical methods, analytical methods and finite element methods. One of the important issues of tunnelling in urban areas is the assessment of the likely impact on adjacent pile foundations of ground movements arising from tunnel construction. The main objectives of this paper are two-fold: first, to assess the available methods to estimate the tunnelling-induced ground deformations, and second, to examine the effect of such ground deformations on adjacent piles. Analytical solutions to predict the tunnelling-induced ground deformation developed by the authors are used in this study. These estimated ground deformations are imposed on the pile in simplified boundary element analyses to compute pile responses. The influence of various factors such as tunnel geometry, ground loss ratio, pile diameter and ratio of pile length to tunnel depth are examined in this study.

Jan 1, 1999

By D J. Corp

The Halmahera Contract of Work is a sixth generation contract held 82.5 per cent by Newcrest Mining Limited and 17.5 per cent by PT Aneka Tambang and takes in the Gosowong Project area. In 1991 Newcrest Mining Limited established a small exploration office in Jakarta and proceeded to seek exploration opportunities. The Halmahera area was identified as a substantial prospective ground position in a relatively unexplored area. In late-1991 Newcrest Mining Limited and PT Aneka Tambang agreed to explore in Halmahera. Initial field work commenced in July 1992. A vigorous ground reconnaissance programme led to the discovery of the Gosowong deposit a little over 12 months later in September 1993. In April 1997 the Contract of Work was approved covering much of the island of Halmahera. Between September 1997 and November 1998 activities were directed principally towards obtaining the necessary permits required to commence construction activities. Some particularly ambitious targets were set for achieving this outcome. An aggressive construction programme commenced in late-1998. Construction took place during a period of unseasonally high rainfall, which in itself presented additional challenges to the construction team. A key milestone for the project was achieved on 1 July 1999 when wet commissioning of the process plant commenced. Construction of the Gosowong Mine was achieved on time and within budget. A period of some six years elapsed from the initial discovery of the Gosowong deposit to the time of the first gold pour. Much of the permitting, construction and commissioning activity took place between September 1997 and July 1999. This coincided with a period of significant social, economic and political upheaval in Indonesia. During the construction period a high level of importance was placed on the structured recruitment and training of local people, as well as fostering appropriate community and local business development programmes in the communities nearby the project. Emphasis was also placed on environmental management with detailed long-term planning and progressive rehabilitation commencing during the construction phase. The permitting and subsequent development of the Gosowong Project has demonstrated that even during the difficult times, with commitment, it is possible for mining and exploration companies to conduct business in Indonesia.

Jan 1, 1999

By K Thorpe

Amorphous silica deposits have been identified at Tikitere and Taheke near Rotorua. Two areas at Tikitere have been surface sampled and drilled to establish a resource of amorphous silica in excess of one million tonnes. A pilot plant was established to develop a process to manufacture a high quality super pozzolanic material. This development process took two years before a commercial product was introduced to the construction industry in 1996. The amorphous silica product, marketed as Microsilica 600, is used as a pozzolanic material to produce high quality strong and durable concrete, sprayed tunnel linings, mortars and grouts. Microsilica 600 has been used locally and exported to 11 countries.

Jan 1, 1999

By D R. Swinbourne, T Lehner

Study of the distribution of minor elements between copper matte andfayalite slag is important in determining appropriate methods tomaximise the recovery of valuable metals and the rejection of harmfulelements. Boliden Mineral AB operate a large copper smelter in northern Sweden, where they had noted that the loss of silver to the slag in the settling furnace appeared to be a direct function of the tin content of the slag. This work was aimed at determining whether or not this was a cause-and-effect relationship. Copper matte containing approximately 50 wt per cent copper and small amounts of silver and tin was equilibrated with silica-saturated fayalite slag at 1250¦C, then quenched. The matte and slag were then analysed for their silver and tin contents. It was found that there was no relationship between the silver distribution and the tin distribution. The silver matte/slag distribution ratio had a value of 120 ¦ 40 while that for tin was 2.8 ¦ 0.3. It is suggested that the most likely cause of the relationship observed at the Boliden smelter was matte entrainment in the slag.

Jan 1, 1999

By P K. Smith, R J. Ryan, W R. H Ramsay, D C. Arne, F P. Bierlein

Turbidite-hosted, mesothermal lode gold deposits in Paleozoic metasedimentary rocks of the Buller Terrane, western South Island have a similar geological history and genesis to the Paleozoic lode gold deposits ofVictoria, Australia and Nova Scotia, Canada. In all three regions the gold deposits are hosted by interbedded meta-sandstone and meta-argillite that have been folded and regionally metamorphosed to greenschist facies, and locally in Nova Scotia to amphibolite facies. The gold deposits are typically narrow, structurally controlled quartz veins associated with dilatant zones in reverse faults or fold-related fractures. The principal vein types include: bedding parallel or concordant veins, discordant veins, saddle reefs, and stockwork veins. En-echelon and "ac" type veins are sometimes also gold-bearing in Nova Scotia. The contrasting competency of the host meta-argillite and meta-sandstone beds is an important factor in vein formation, particularly for the bedding parallel veins, which are typically developed within meta-argillite beds or along the contacts between meta-argillite and meta-sandstone. Veins found within meta-sandstone units are generally discordant. The deposits in Victoria are well known for their bedding-parallel veins, saddle reefs ( Bendigo ) and leather jacket reefs (Ballarat). Bedding-parallel veins are also common in Nova Scotia , along with a few examples of saddle reefs. In contrast, vein formation probably occurred later in the deformation history of the Reefton and Lyell goldfields, with most veins being bedding discordant and more typically aligned with the axial plane cleavage of the folds rather than bedding planes. The quartz lodes in one deposit, Globe-Progress, strike approximately perpendicular to the bedding and fold axes. No saddle reefs have been recorded from the Buller Terrane. Mesothermal vein morphology reflects the amount of fmite strain, the strain rate, competency contrasts, lithotypes, and the confirming pressures to which the system was exposed. On the basis of comparable depositional depths and rheologies of the host rocks, a controlling factor influencing the development of different vein styles (and timing) might be finite strain, as exemplified by the tightness of folding in the host rocks. Folding appears to be tighter in the Victorian rocks than in either the Buller Terrane or Nova Scotian rocks.

Jan 1, 1999

By G J. A Dewar

The Australian Corporations Law generally requires Independent Expert Reports to be presented in support of capital raising or in defence of mergers and takeovers. The introduction of the VALMIN Code in 1995 (and its recent revision issued as the VALMIN Code, 1998) made Assessment and Valuation Reports in these circumstances much more comprehensible than before because of its key requirements for transparency and materiality. By forcing the Independent Valuer to provide an explanation of the reasoning behind the estimation of a particular resource asset, VALMIN allows the reader to clearly see any error or illogicality in the valuation methodology used and to seriously question or even reject the resulting value. Even though many elements of resource asset valuation practice are undeniably subjective, there must be some basis of objective rationality to it. Independent resource asset Valuers are the essential link between mineral explorers/miners on the one hand and brokers/analysts/fund managers/investors on the other. The minerals and financial industries both expect them to not use inappropriate or invalid valuation methods and illogical steps within these methods. This paper examines some of the less sensible ways in which some of the main techniques that Valuers commonly use to assess the fair market value of mineral properties have been applied in recent instances. The authors hope to discourage the adoption or perpetration of the æWhat-number-did-you-have-in-mind?' approach. It is MINVALÆs view that as many methods as possible should be used in any resource asset valuation. If any of the resulting estimates are in approximate agreement (particularly if they were derived using the less subjective of the available methods), ie if they cluster, they are probably more persuasive as being the Preferred Value of the asset than outlier values within the Valuation Range.

Jan 1, 1999

By D N. B Skinner, R L. Brathwaite, M S. Rattenbury

The Institute of Geological and Nuclear Sciences is undertaking a mineral resource assessment study of the Coromandel region, due for completion in July 2000. A key part of the study is the assembly of a geographic information system (GIS), a computerised tool for layering, analysing and presenting spatial information. The GIS is being assembled with ArcInfo/ArcView software and to date includes layers for a digital terrain model, an aeromagnetic map (open file mining company data), a geological map (from the QMAP project), areas of hydrothermal alteration, locations of mineral deposits (GERM database), stream sediment geochemical analyses (REGCHEM database), and a lineament map derived from satellite remote sensing data.

Jan 1, 1999