Focus on these stocks: Large undeveloped deposits 

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But in all my time writing to readers, I haven’t properly explained what a geologist actually does. I’ll finally do that today.You probably know geologists have a rather weird fascination with rocks.

Mapping, soil, auger, and rock chip sampling, and if early signals look promising, send in a drill rig for deeper test work. At this early stage, we’ll often draw on the expertise of another type of geoscientist, one who is inclined toward physics—a geophysicist. Only after exhaustive effort through years of exploration will a true mineable deposit be confirmed. These are the fabled stories in the mining industry—very much the exception rather than the rule. They have an inclination for maths and statistics. A rare breed indeed.

Resource drilling might narrow this down to a 50-metre gap, reducing the chances of error in the geological model. Mine geologists map these structures to guide mining crews so they can extract the right rock within a mine. But so are delays… If mine geos and engineers fail to keep up with the excavators or blast crews, costly ‘standby’ charges kick in.

 

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