Queensland: The Queensland Government has allocated $30 million in new exploration funding in its State Budget to assist the Geological Survey of Queensland (GSQ) to search for the new mineral deposits across the State over the next three years and secure the future of the industry.
Queensland Exploration Council chairman Dr Geoff Dickie said the funding indicates the government recognises that exploration needs a boost in Queensland.
Seven GSQ initiatives will be funded in the next three years. These include the Mount Isa geophysics, with seismic and crustal conductivity surveys in the Cloncurry, Julia Creek and Dajarra-Boulia areas to boost greenfields exploration in the region.
A mineral resource assessment initiative is also planned, with geological mapping and sampling to re-examine mineral potential in the region, such as rare earths.
“The survey will collate soil, stream and rock geochemical sampling company reports into a database accessible to the public so people will be able see what geochemical results they are interested in rather than having to go through a whole lot of reports,” Dickie said.
Source: Australia Mining