Is The Next Big Gold Discovery In Australia?

It may be difficult for another large, high quality deposit to be discovered in Australia anytime soon, as the saturated exploration market and large number of miners operating in the continent means that such a deposit would have already turned up, said Joe Mazumdar, co-editor of Exploration Insights.
“I think it’s more difficult to find that kind of deposit in Australia and Canada. It’s got to be undercover… because of the amount of people that have already been here working on these kinds of deposits,” Mazumdar told Kitco News on the sidelines of the Noosa Mining & Exploration Investment Conference.
Mazumdar noted that in today’s conditions, it’s easier find a deposit that is lower grade.
“You can make a lower grade deposit work [in Australia] because you’ve got better infrastructure than a more infrastructure-challenged country,” he said. (show less)

It may be difficult for another large, high quality deposit to be discovered in Australia anytime soon, as the saturated exploration market and large number of miners operating in the continent means that such a deposit would have already turned up, said Joe Mazumdar, co-editor of Exploration Insights.
“I think it’s more difficult to find that kind of deposit in Australia and Canada. It’s got to be undercover… because of the amount of people that have already ... (read more)

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