Finance > Capital-markets

Technology no panacea for mine finders

One of the most successful mining company builders of the past two decades isn’t a huge fan of the “artificial intelligence” shtick currently doing the rounds, saying it is “no match for natural stupidity” when it comes to exploration, and is also proving a big hindrance for raising funds in the sector.

Michael Quinn in Toronto

Finance > Capital-markets

Technology no panacea for mine finders

One of the most successful mining company builders of the past two decades isn’t a huge fan of the “artificial intelligence” shtick currently doing the rounds, saying it is “no match for natural stupidity” when it comes to exploration, and is also proving a big hindrance for raising funds in the sector.

Michael Quinn in Toronto

Technology no panacea for mine finders

Sean Roosen, the Canadian geologist and entrepreneur who formed the hugely successful Osisko Exploration early this century with his buddies John Burzynski and Bob Wares, likes to keep it real simple. He suggested to the PDAC Convention in Toronto this week that less emphasis should be placed on technology as an exploration tool and more on getting boots on the ground and, in particular, drilling.