Exploring from a foreign head office and comparing finds with local model e.g. Kennecott c.f. Witwatersrand Big teams controlled by head office Tendency for regional geologists to be stifled by pre-set ideas and foreign Head Office conditions not appropriate to a particular region. What works Why Cost effective exploration is the best means of adding value to your Company. Acquire properties that have already had many millions spent on them. Juniors will not have to spend precious funds drilling but can collate and manipulate all previous data using modern methods to develop targets that will attract majors.
Successful exploration can be a numbers game for most Juniors.
The more properties of merit a Junior can afford the better chance of success in the long term. Conserve your cash like the ultimate miser. Majors looking for world class deposits sometimes overlook smaller high grade deposits. Adopt a flat management structure Flatter management structure allows for faster decision-making, e.g. for acquisitions, properties, vacant ground etc. Use geochemistry as a primary grass roots tool after choosing the best ore-permissive area from a combination of free historical data, and the latest DMR geology magnetics, radiometrics databases Relatively inexpensive and may lead to important discoveries e.g. Tick Hill.