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The Victory Ridge Gold property consists of 1,162 acres ( hectares), including a State of Alaska Upland Mining Lease (962 acres) and 5 adjoining State of Alaska mining claims (200 acres), all with clear title, in good standing and controlled by Spectrum Resources Inc.
Advancements in satellite imagery have made it easier for exploration companies to collect vast amounts of data on potential gold deposits.
Largescale gold recovery is a costly endeavor, and many of the heavyduty machines used for mining projects are designed to be time and costeffective. There are numerous machines and equipment used to facilitate successful gold extraction operations: wash plants, trommels, pan feeders, screens, jigs, sluice boxes, and shaking tables—to name just a handful.
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For its exploration targeting, Goldcorp Inc. is working with IBM to bring its Watson technology to the Red Lake gold mine —a first in the Canadian mining industry. A number of Watson services will be used to analyze vast amounts of data, from drilling reports to geological survey information.
Some are exploration only. Some are mining only and some; many in fact, are a combination of the two. Mining companies can also invest in each other and have shares in another mining company or exploration company. Some mining companies are even offshoots of others.
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