Closeology in Senegal - MiningMaven Special Report

Posted: 05/07/2012

The geological basis for Closeology

To begin with we should first consider the supporting evidence for Closeology to better understand what makes it such a powerful investing tool.

The answer begins four and a half billion years ago, at the birth of our planet. Over the eons, irresistible geological forces exerted their gradual influence over the Earth’s form, moving mountains, shaping continents and creating seas. With these great movements of mass travelled the planet’s natural resources.

At times, this ponderous process would suddenly become spectacularly violent, as volcanic eruptions and massive earthquakes tore landscapes apart. Temperatures greater than 700 °C liquefied rocks and mineral deposits and propelled them to the surface. In this state, magma is more viscous than water and formed devastating rivers of destruction burning channels through local terrain, leaving behind rich sediment. Meanwhile, colliding continents caused great splits, forcing folds of land to ride over one another.

Experienced geologists are able to follow these paths in their quest to identify resources in the ground. And this is at the heart of Closeology. When looking to make a discovery one looks for clues in the consistency of mineralised trends so the best place to start is where those trends are most likely to be most consistent; that being as close as possible to the site of the original discovery.

In January 2011 we published an article about Goldstone’s Ghanaian projects, at Homase-Akrokerri and also Manso Amenfi. In this we introduced the concept of "Closeology" to our readers. For anyone with an active interest in resource investment, Closeology (or the study of what is close!) can be an extremely useful indicator in assessing the chances of an explorer replicating the success of its neighbour. Closeology gives us a broad benchmark in order to assess regional geology and the commercial operating environment so we may form a view on the potential for value creation in an investment.

Our Closeological study of Goldstone’s Ghanaian licenses proved popular with readers and helped highlight the strength of these projects. More importantly the report gave a glimpse of what was yet to come. Just like Goldstone we are firm believers that if an approach works, keep repeating it. It’s simple really. So with this in mind, we now turn our attention to another of Goldstone’s blue-sky projects, namely Sangola in Senegal.

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Posted: 05/07/2012