The main purpose of mining explorations is to gather data that will be useful for future research and investors.
Carrie Wong, a former database manager for a mining exploration company, said that her years of experience taught her that mining data should be kept
The main purpose of mining explorations is to gather data that will be useful for future research and investors.
Carrie Wong, a former database manager for a mining exploration company, said that her years of experience taught her that mining data should be kept secret in order to keep an edge over competitors. Though this might be the age-old practice, Wong believes that there should be a change in the treatment of data in order for one of the world’s oldest industries to take a leap into the future.
In a post published by Geology for Investors, Wong highlighted the use of computer technology and crowdsourcing as stimulants for the growth of mining exploration. Crowdsourcing is the process of getting help or input from a global community in order to provide a solution for a problem. Wong mentioned how the SETI program, the project for building the largest telescope in the world, utilized thousands of idle computers from volunteers all over the world to harness the strength of multiple supercomputers that helped researchers explore space. Because of a global force that aimed for a similar result, positive effects took place. Canada-based Gold Corp Inc.’s use of this practice has been dubbed as the “greatest crowdsourcing story ever told.”
In 1999, CEO Rob McEwen was desperate to improve Gold Corp’s status after finding out that the Red Lake Mine in Ontario did not yield enough gold, thinking that the mine deposits laid deeper underground. Looking for inspiration, McEwen attended an MIT talk about Linux and its open-source system. Minutes after the talk, the CEO had an idea how to save his company from failure.
Going against the traditional norm of keeping his company’s data a secret, McEwen shared 400 megabytes of geological data to the public, some dating back to 1984 that covered 55,000 acres across the Red Lake. This was to prepare the public for a contest called the “Goldcorp Challenge” that was launched in the spring of 2000. The aim of the contest is simple: present exploration plans and techniques on where to find gold in Red Lake based on the data and if the entries yielded positive results, a cash prize of $575,000 awaited the winners. Millions of entries were submitted within weeks, mostly from mathematicians, graduate students, and skilled geologists.
“We had applied math, advanced physics, intelligent systems, computer graphics, and organic solutions to inorganic problems. There were capabilities I had never seen before in the i