Media Article referring to MTN, in Western Australian Business News, yesterday demostrating why MTN were able to "discover" Paralan Uranium Ore System potential -- which others like Goldstar had overlooked: There has been some consternation, as to how & why Mining Exploreres (like Marathon Resources - MTN ) -- can somehow, nowadays find Very Valuable and Very Commercial Mineral Ore Bodies -- even to JORC standards !! ,--
whereas other explorers 20 years ago, may have overlooked or had failed to do so.
Having investigated this Issue, and spoken to several Geologists, one of the real reasons behind this phenomenon, is the development of New & quite rapidly Advanced and exciting new Geo Computer Mapping, Geological Computer Imaging .... and other before unnknoiwn Geolgical Assessment methods and technolgies; that have NOW, opened up new Geological Opportunities thru new methodologies and Real opportunities have therefore been able to be grasped; that were not avaliable even 15-20 years ago.
An article on just THIS interesting & NEW topic, which among many other co's and issues, this article does actually also mention, MARATHON (MTN) --as having distinct Success, because of this Technique that utilizes this Latest Imaging Geological technology and alos refers to other Mining Companies, that also ae beginning to avail themselves of this Technolgical Breakthrough and developments, in their respective Geological Testings and exploration Surveys.
The article appeared Yesterday, in...... WA Business News, and covers this very New Geological Terchnological Methods Issue. I repeat it, with very minor editing, below: -------------------------------------------------------------------------- ----------------------------------------------------------------------- History A Valuable Lesson For Miners. -- (WA Business NEWS) *11-August-05*
Written by David Gibson
ON THE BUTTON:
Sipa Resources consultant and exploration database expert Alfred Eggo will play a key role in the companys exploration alliance with juniors like: Marathon Resources (MTN) ..... and the Larger players like Newmont Mining.
With the resources boom in full swing, drilling contractors costs have risen between 20 and 25 per cent in the past two years, according to some estimates, attracting interest in alternative consulting services, including electro-magnetic and other surveys to complement drilling cores, considered the most reliable exploration information.
The cost hike has prompted junior players, like Marathon Resources (MTN) to explore alternative methods of exploration, inciting resource revisions.
A dramatic example of a company benefiting from historical drilling is South Australia' s, Marathon Resources (MTN) , which..... just last week .......posted a resource increase at its Paralana Uranium Prospect in South Australia, on the back of historical data from the 1960s, announcing a JORC compliant resource it says comprises over 33,000 tonnes of uJorc compliant proven Uranium Ore Reserves, for the Mount Gee component of the Paralan System alone.
The other Marathon (MTN) Targets, in the Paralna Uranium Ore System, are now undergoing similar appraisal, and hope to also get JORC accrediatation...
Explorers, like Marathon resources (MTN) are increasingly having great success, and now impressively turning to historical exploration data to save themselves from rising costs as they try to capitalise on the resources boom. While a large amount of this data has been available for some time, modern technology is allowing fresh geological and feasibility interpretations.
Joint access to Sipas vast mineral database, in which Sipa s exclusive consultant Alfred Eggo will play a crucial role, is considered a major part of an exploration alliance; signed in June between junior explorer Sipa Resources and the worlds largest gold miner, Newmont Mining..... Sipa has been busy acquiring publicly available and proprietary data over the past five years and now has one of the largest databases in the country. The investment will be the way forward for many explorers, according to Mr Eggo.
Well known for his expertise in the compilation and interpretation of large geological databases, Mr Eggo will play a key role as Sipa looks to capitalise on its alliance, which makes provisions for Newmont to fully fund Sipa until a decision to mine is made.
Abra managing director David Blight said the company?s system was capable of overlaying more modern satellite and other topographic images onto the older results, in order to gain a better understanding of the ore body. This technique also made for new angles on feasibility, he said.
The real skill is in how you interpret the data, Mr Blight said.
It will save us in the order of about $12 million in exploration costs.
With the resources boom in full swing, drilling contractors costs have risen between 20 and 25 per cent in the past two years, according to some estimates, attracting interest in alternative consulting services, including electro-magnetic and other surveys to complement drilling cores, considered the most reliable exploration information.
The cost hike has prompted junior players, as Marathon (MTN has so successfully proven, to explore alternative methods of exploration, inciting resource revisions.
A dramatic example of a company benefiting from historical drilling is South Australias Marathon Resources, which last week posted a resourceincrease at its Paralana uranium prospect in South Australia, on the back of historical data from the 1960s, announcing a:
....JORC compliant Uranoium Resource ....
resource that Marathon Resources JORC Report says .... comprises over 33,000 tonnes of Uranium Ore. --for Mount Gee alone ....
Marathon (ASX: MTN) shares jumped 106 per cent on the news to 79.5 cents.
As well, government ground surveys are proving a valuable tool for explorers, as increasing amounts of data become available digitally.
This comes after a decision five years ago by the state geological survey bodies to place all their data onto a single web portal system.
This has improved accessibility of the information, according to Mr Blight, a former director of the Geological Survey of WA. ...... ENDS.
---------------------------------------------------------------------------------- ---------------------------------------------------------------------- This Information, in my view, is really most informative, very interesting and perhaps pertinent to explaining, some of the Issues raised in previous posts on This Marathon Resources (MTN) thread...:
--------------------------------------------------------------------- Hope you have not been too freaked out with the few percentage points downward daily Marathon ) MTN share Price movements .... this IMO-- will correct now again very soon, and a new surge will shortly be due, for Marathon Resources (MTN) ... IMO..... begin now to occur.
Marathon (MTN) is .... IMO ... getting relatively close to now finishing its re trace, and new Supportive surge is again pending and bubbling... IMO
In my view, Marathon (MTN) , should be again seriously re-visited, as Marthon Resources (MTN) is still; on any measure...IMO.... still seriously undervalued, and is a true Bargain at these prices....
Cheers to everyone,
Robbo65.
LCK Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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