Don't take my comments on desert dirts as a case of 20:20 hindsight. I agree that there may be something to them, and I won't dismiss them out of hand, but.... I am presented many projects, from different people, and often the best first screen is "what is it you hope to find?" If the answer is a new type of deposit, heretofor unknown to man kind, I usually pass.
Sometimes the answer is an "x" type of deposit, where it is possible to do a quick literature search and find dozens of "x" type of deposits, many of which are profitably being mined in the same type of geological environment. This is a good bet, and warrants a bit more time to review.
I suspect that there might be something to the desert dirt type of deposit, but I don't want (and can't afford) to run a research company. It's not so glamorous finding another "x" type of deposit, but it is less risky, and ultimately more rewarding.
I wouldn't want to quote anyone in particular when I say the "go big or go home" attitude is very appropriate in mineral exploration. In other words, if you are going to look, elephants are easier to spot than mice, even though there are many more mice out there. MGR has redirected its focus to a precious metal-rich VMS target in Canada. Might bore the stuffing out of some, but ultimately, it's easier to look for, and easier to market, because many "hunters" know what a VMS looks like, and how big it could be.
Dave |
