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By Allan Spencer

In March 2007, Nautilus Minerals Inc. announced that they had commenced their 2007 exploration and development program with the mobilization of the Research Vessel Wave Mercury and the Survey Vessel Aquila onsite Papua New Guinea.

By Simon McDonald

The Neptune Group was established in 1999 to apply for exploration permits within New Zealand’s 200nm EEZ. These applications were to investigate and commercialise hydrothermal Seafloor Massive Sulphide (SMS) deposits identified by international researchers and to locate others. SMS are volcanically related seafloor accumulations of copper, lead and zinc with high levels of gold and silver. Neptune has three granted exploration licenses within the New Zealand EEZ and has application in other jurisdictions. Neptune undertook the world’s first commercial drilling exploration work of SMS in December of 2005.

Aug 24, 2006

By Kokichi Iizasa

Modern Kuroko-type deposits have been much reported in submarine calderas and cauldrons in the EEZ of Japan since 1988. Some of them have been found based on heavy mineral analysis of sediments in which sulfide particles may be derived from hydrothermal sources in the ambient areas. From the end of August to early September 2007, in the middle Izu-Ogasawara arc south of Tokyo, ROV expeditions were carried out in submarine calderas in order to examine mineralogical features between intact heavy particles spouting out from sulfide chimneys and heavy minerals such as sulfides in sediments around sulfide mounds in Kuroko-type deposits, and to find more newly formed hydrothermal sulfide fields in those areas. Some preliminary results from the ROV expeditions are reported here.

Oct 15, 2007

By H. L. Gibson, U. Schwarz-Schampera, Mark Hannington

Ancient ore deposits provide important clues for the understanding of the origin and distribution of modern submarine hydrothermal systems. An analysis of the formation conditions, tectonic settings, and preservation of ancient seafloor mineral deposits from the recent geological past to the late Archean sheds light on the time-space relationships and diversity of mineral deposit types likely to be found in the modern oceans. Microplate tectonics that characterized ancient ore-hosting greenstone belts were strikingly similar to those active in volcanic arc environments of the western Pacific today. In such complex settings, oblique collisions, opposing subduction zones, and rapid changes in stress regimes (e.g., from compressional to tensional and back to compressional) were common, causing juxtaposition of diverse styles of mineralization. The world-class base metal deposits of the late Archean Abitibi greenstone belt of Canada, for example, were formed within a relatively short time span of ~20 m.y., in response to successive arc rifting, back-arc basin development, and exhumation of accretionary complexes along major arc-parallel crustal-scale faults. Similar processes and environments are important settings for metallogenesis in modern submarine volcanic arcs. Active marginal basins of similar size and representing similar stages of evolution are well represented in the western Pacific today and contain a similar suite of mineral deposit types. Examples from the eastern Manus Basin and adjoining New Ireland Basin (PNG) and in the Lau-Tonga-Kermadec arc-backarc system illustrate these similarities. Certain gold-rich volcanogenic massive sulfide deposits at the southern margin of the Abitibi greenstone belt (e.g., Bousquet and LaRonde deposits in the eastern Blake River Gp.) may be important ancient analogs of newly discovered gold-rich black smoker deposits found along the active fronts of today's submarine volcanic arcs.

Sep 24, 2006