Mining
Integra Gold Launches $1 Million Challenge to Find Next Gold Discovery
Integra Gold Launches $1 Million Challenge to Find Next Gold Discovery
Today Integra Gold launched the world’s largest crowdsourcing challenge related to mining to find the next large gold discovery.
The company recently acquired a treasure trove of data through its acquisition of the Sigma-Lamaque Mine and Milling Facility near its Lamaque South discovery. The six terabytes (6,000 GB) of data spans 75 years and originates from the exploration and production efforts of Teck, Placer Dome, and other companies that worked these historical properties.
The data includes over 30,000 historical drill holes, 500,000 gold assays, and hundreds of kilometres of underground workings.
Overall, both the Sigma and Lamaque mines produced 4.5 million oz of gold each. However, here lies the opportunity that Integra sees: the Sigma Mine was more than 700m shallower than the Lamaque Mine, despite producing the same amount of gold. Could there be more gold underneath?
If gold was discovered in this new contest, then it wouldn’t be the first time for Integra. Just to the south, they discovered a deposit in 2010 that has over 1 million oz (3 g/t cutoff) at a high-grade of 7.1 g/t Au (Indicated). This is part of the reason that they believe in the potential of the overall complex.
Integra hopes to attract the expertise of those in academia, geology, the mining sector and many other disciplines to interpret the data. The company is partnering with HeroX, a company co-founded by the legendary XPRIZE founder Peter Diamandis, to produce the competition.
“The Gold Rush Challenge follows in the incredibly successful footsteps of the Goldcorp Challenge and the Ansari XPRIZE competition,” says XPRIZE CEO and HeroX Co-founder, Peter H. Diamandis. “We live in a world of incredible cognitive surplus and your ability to tap into brilliance is now unparalleled. By utilizing the HeroX platform, Integra Gold is paving the way for significant innovation in the mining industry by encouraging collaboration and openness.”
For more about the contest, stay tuned to Integra Gold’s website.
Copper
Brass Rods: The Secure Choice
This graphic shows why brass rods are the secure choice for precision-machined and forged parts.
Brass Rods: The Secure Choice
The unique combination of machinability and recyclability makes brass rods the secure choice for manufacturers seeking future-proof raw material solutions.
This infographic, from the Copper Development Association, shows three ways brass rods give manufacturers greater control and a license to grow in the competitive market for precision-machined and forged products.
Future-Proof Investments in New Machine Tools
A material’s machinability directly impacts machine throughput, which typically has the largest impact on machine shop profitability.
The high-speed machining capabilities of brass rods maximize machine tool performance, allowing manufacturers to run the material faster and longer without sacrificing tool life, chip formation, or surface quality.
The high machining efficiency of brass leads to reduced per-part costs, quicker return on investment (ROI) for new machine tools, and expanded production capacity for new projects.
Supply Security Through Closed Loop Recycling
Brass, like its parent element copper, can be infinitely recycled.
In 2022, brass- and wire-rod mills accounted for the majority of the 830,000 tonnes of copper recycled from scrap in the United States.
Given that scrap ratios for machined parts typically range from 60-70% by weight, producing mills benefit from a secure and steady supply of clean scrap returned directly from customers, which is recycled to create new brass rods.
The high residual value of brass scrap creates a strong recycling incentive. Scrap buy back programs give manufacturers greater control over raw material net costs as scrap value is often factored into supplier purchase agreements.
Next Generation Alloys for a Lead-Free Future
Increasingly stringent global regulations continue to pressure manufacturers to minimize the use of materials containing trace amounts of lead and other harmful impurities.
The latest generation of brass-rod alloys is engineered to meet the most demanding criteria for lead leaching in drinking water and other sensitive applications.
Seven brass-rod alloys passed rigorous testing to become the only ‘Acceptable Materials’ against lower lead leaching criteria recently adopted in the national U.S. drinking water quality standard, NSF 61.
Learn more about the advantages of brass rods solutions.
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