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By Alexander Malahoff

The new ship-submersible system with R/V Ka'imikai-o-Kanaloa as a mothership and the PISCES V as the submersible completed its first season of dives. The dives involved deployment of the PISCES V in the Hawaiian Islands between the months of July and October 1996. Submersible deployments up to depths of 2,000 meters in sea states up to a high three were made. The new hook and clasp deployment and retrieval connection for PISCES V to the telearm was shown to be an effective system for handling the PISCES V with the A-frame. The shipboard multibeam survey and seawater sampling capability proved to be especially effective in re-mapping the summit of the submarine volcano Loihi following a major volcano-tectonic event and for following the source and configuration of the new hydrothermal plume. Following the earthquake swarm of July 17 to August 18,1996, major changes in the geological setting of Loihi submarine volcano took place. Prior to the seismic event, the geology and structure of the summit of Loihi was represented by a platform-like area 8,100 meters long and 5,400 meters wide enclosed by the 1,200-meter depth contour. The summit was characterized by the presence of two prominent pit craters and eastern and western crater located at water depths of 1,100 and 1,370 meters, respectively. A hydrothermally active volcanic cone, named Pele's Vents, was located at a depth of 960 at the southern edge of the summit. The floor of the summit of Loihi was largely covered by prismatic talus, with interstitial hydrothermal clays. Pillow and tube lavas with volcanic cones 5 to 50 meters high were exposed along the axes of the southern and northern rift zones. The inner margin of the summit displayed fissures and normal faults with the downthrown component towards the center of the summit. The pre-earthquake structural data suggest a pre-caldera structural stage for Loihi. Maximum sustained hydrothermal activity observed on Loihi over the past 10 years existed at Pele's Vents with other sporadic venting occurs along the summit platform and along the south rift. Following the earthquake swarm, the hydrothermally saturated Pele's Vents cone gave way and slid into the inner pit crater. Subsequently, the observed above- bottom hydrothermal plume source deepened from 960 to 1,160 meters, possibly emanating from the same intrusive heat source as Pele's Vents. The observed inward collapse of the summit structures and subsequent opening of fissures gave rise to diffuse venting from the newly formed caldera-like depression with the bottom-hugging hydrothermal pool located at depth between 1,250 and 1,220 meters at the sites of the pit craters.

Jan 1, 1996

By S. Jeffress Williams

The U.S. Geological Survey (USGS), over the past three decades, has carried out a spectrum of geologic surveys and research in marine areas of the Exclusive Economic Zone (EEZ) around the U.S. and its territories as well as in the Great Lakes region. Regional and topical studies have been undertaken throughout the range of marine environments: estuarine, tidal wetlands, coastal and nearshore, shelf, slope, and the deep ocean basins. The Survey's coastal and marine research programs consist of four elements shown in Table 1. The first includes studies using interpretations of bathymetry, seismic-reflection and sidescan sonar data, and analyses of sediment grab samples and cores to develop an understanding of the geologic framework. Information on the geologic setting, including the subbottom structure and stratigraphic relationships, and the geologic history and evolution of the areas surveyed are important parts of the program objectives.

Jan 1, 1992

By Dilip Sarangdhar

"SeaTech Solutions International (S) Pte Ltd, Singapore are the designers of world’s first seabed mining ship. The ship is now under construction and expected to be delivered next year. The Deep Sea Mining industry is eagerly awaiting commencement of her seabed mining operations and the success of this story will go a far way in accelerating investment in Deep Sea Mining and hopefully we should see many such projects take off and many such ships launched in the near future.Based on own experiences SeaTech discusses in this paper, various important issues that need to be considered for design of such Deep Sea Mining ships, the challenges faced and possible solutions to address them.From a ship designers’ perspective, there are not many direct previous references available, the seabed mining methods and associated equipment are also a new technology & products are still developing, there is no standard method and equipment for processing of mineral ore onboard, and above all there is the huge challenge of loading, storage and discharge of ore cargo efficiently in the confines spaces. Associated with the uncertainties of such issues is the uncertainty of weight, space, power, services and maintenance requirements, which can vary through the design and construction period and put the initial ship design at huge risk. Sufficient design margins need to be provided and a constant & strict control is absolutely necessary to ensure that the budget on each technical aspect is not exceeded. The local strength of the vessel particularly needs to be robust to take ultra-large loads due to huge equipment and their lifting /handling equipment/winches and tall mining process modules."

Jan 1, 2017

By Charles L. Morgan

The Minerals Management Service of the U.S. Department of the Interior and the State of Hawaii Department of Planning and Economic Development are investigating the cobalt-rich ferromanganese oxide crust deposits found within the Exclusive Economic Zones (EEZ) of the Hawaiian Islands and Johnston Atoll. The objective of this investigation is to complete a preliminary resource assessment and an Environmental Impact Statement for potential leasing of mineral rights to these crusts. The results of this effort will be summarized and published in a Draft Environmental Impact Statement in March 1986. Three oceanographic cruises to deposit sites in the Hawaiian Islands EEZ were conducted by the University of Hawaii in 1984. As a result, data and sample analysis yielded the following resource estimates (in thousand tonnes): (1) total crusts - 378,500; (2) cobalt - 2,500; (3) manganese - 76,200; (4) iron - 59,700; and (5) nickel - 1,400. These estimates do not include key factors such as deposit continuity, recoverability, and environmental sensitivity. A preliminary attempt to quantify some of these factors for one particular deposit is in progress and will consist of detailed field studies followed by laboratory analysis. Similar evaluations of the Johnston Island EEZ have also begun and are based upon field work conducted by West German researchers and the U.S. Geological Survey. The Johnston Island EEZ appears to have crust resources about as large as those contained in the entire Hawaiian EEZ.

Jan 1, 1985

By Siân E. Boyd

Studies of benthic recolonization in the aftermath of marine aggregate dredging in the U.K. and elsewhere are limited and are largely confined to experimental circumstances. Investigations of the physical and biological status of licensed extraction sites in the U.K. at various times following cessation of commercial dredging are very limited, and so judgments as to the likely progress towards environmental restoration and the time-scales involved continue to be based on predictions rather than real data. This field-based research programme was commissioned to enhance the understanding of processes leading to physical and biological recovery of the seabed following dredging, thereby aiding the identification of practices to minimize environmental harm at licensed sites, and to promote rehabilitation on cessation. The outcome of survey work will have the notable benefit of allowing questions about the present status of locations hitherto subject to commercial exploitation to be answered directly, rather than by inference.

Jan 1, 2002

By Cornel E. J. de Ronde

Brothers volcano (34°51.7?S, 179°03.6?E) is a large caldera volcano that forms part of the active Kermadec arc south of 32° S, NE of New Zealand. It is an elongate edifice striking NW-SE that is ~11-13 km long by 7-8 km across. The caldera has a basal diameter of 3-3.5 km and is surrounded by 350-450 m high walls with the floor 1,850 m deep. A volcanic cone of dacite composition rises 350 m from the caldera floor and partially coalesces with the southern caldera wall. Much of the caldera construction and the location of the hydrothermal vent sites are controlled by intersecting basement structures. Three hydrothermal sites have been recognized at Brothers; NW caldera, SE caldera and cone. Multiple hydrothermal plumes were mapped from the bottom of the caldera upwards to a depth of 900 m and originate from two of the sites; one on the NW caldera wall the other atop the cone. Analyses of these plumes show that the two vent sites are chemically distinct. The cone site itself hosts three distinct vent fields (summit, upper flank, NE flank) that in 1999 had plumes (mainly from the summit) containing relatively high concentrations of gas with a shift of -0.27 pH units (proxy for CO2) and H2S concentrations up to 4,250 nM, particulate Cu (PCu) of 3.4 nM, total dissolvable Fe (TDFe) of 4,720 nM, TDMn up to 260 nM and Fe/Mn values between 4.4 and 18.2. However, in 2002 plumes from the summit vent field had noticeably lower concentrations of PCu (0.3 nM), TDFe (175 nM), and Fe/Mn values of 0.8, although similar TDMn (220 nM) and shift in pH (-0.22) suggesting a state of flux for this site. By contrast, plumes originating from the NW caldera site have much less gas with a pH shift of -0.09 units and no detectable H2S, TDFe up to 955 nM, TDMn up to 150 nM, and Fe/Mn values of 6.4, and have not changed their composition over the same three year interval indicating a more chronic hydrothermal system. Plume d3He results show helium is decoupled from more near-surface vent fluid sources although a shift in R/Ra values from 6.1 ± 0.5 in 1999 for the combined vent sites to 7.2 ± 0.1 in 2002 indicates a less radiogenic input of helium over three years, suggestive of a greater magmatic input to the system.

Jan 1, 2004

By Tao Chunhui

The seabed deposits type and distribution are very complex at the hydrothermal field. In this paper, we provided an approach to study the seabed deposits classification at the Precious Stone Mountain hydrothermal field (PSMHF) using MultiBeam sonar data . The PSMHF was found in the Galapogas microplate at the Leg 3 of the Chinese COMRA 21st Cruise. Using this approach, the seabed deposits at the PSMHF are mainly classified into three types, which are rock, breccia and sediment, respectively. We can find the distribution of the three types of seabed deposits according to the sonar backscatter data. The rocks are mostly distributed around the hydrothermal vent. The breccia are located at the foot of the vent. Most sediments are distributed at the southwest to the vent due to bottom current. Combining with seabed video, TV-Grab sample and the backscatter data, we draw the map of the seabed deposits distribution at the PSMHF.

Sep 14, 2011

By Peter E. Halbach, Andreas Jahn

Co-rich hydrogenetic ferromanganese crusts are typical marine interface products of growth processes taking place on sediment-free substrate rocks on the seafloor. They grow very slowly and preferentially in water depths below the oxygen-minimum zone (OMZ) and have so far been found even in water depths of up to more than 5000 m, i.e. also below the calcite compensation depth (CCD); these deep ferromanganese crusts are particularly rich in Fe. It is assumed that the O2-minimum zone is the most important source layer of dissolved manganese, the decomposition of fecal pellets here also contributes to this Mn-budget. The process of hydrogenetic precipitation is basically an inorganic colloidal-chemical as well as a surface-chemical mechanism. Microbial mediations can be assumed, in particular since steps of redox-reactions are involved. The two main components of the hydrogenetic substance are hydrated d-MnO2 (vernadite) and x-ray amorphous Fe-oxyhydroxide, both of which are intimately intergrown with each other forming the extremely fine-grained hydrous oxidic material. In seawater, elements occur as dissolved hydrated ions or as inorganic as well as organic complexes which, in general, have either a positive or a negative surface charge depending on the pH of the respective marine environment. These complexes form hydrated colloids that interact with each other or with other dissolved hydrous metal ions. The main agent to oxidize the dissolved Mn2+ ions is oxygen, transported upwards from deeper water by turbulent eddy diffusion and turbulent rise processes at seamount slopes.

Jan 1, 2017

The Brothers hydrothermal system is host to two very contrasting vent fields and to date, is the only known example of this kind for any submarine arc volcano in the world. Firstly, there is the NW caldera field. It is perched on the caldera walls and is up to 1,200 years old, and represents a more ?mature? system dominated by water/rock interactions, though there is also evidence for magmatic contributions to the hydrothermal fluids. It is host to relatively high temperature (~300°C), focused venting of metal-rich fluids. Large Cu- and Zn-rich sulfide chimneys occur at this site, with high concentrations (up to 90 ppm) Au apparent in some chimneys. Vent fluids of the NW caldera site show sub-seafloor phase separation is occurring at this site. Silica concentrations in these vent fluids are consistent with the vent fluid temperatures. Secondly, there is the cone vent field that is much younger, and which sits atop the summits of a main cone (the Upper cone) and an adjacent satellite cone (the Lower cone) that occur inside the caldera, near the southern caldera walls. This field is dominated by S-rich vents with vent fluids more diffuse, lower in temperature (<120°C), very gassy and acidic (to pH 1.9), and relatively metal-poor. Fluids of the cone site have Mg and SO4 concentrations higher than seawater values, indicating these ions have been added to the hydrothermal fluid and are not being depleted via normal water/rock interactions. Variability occurs between the two cone vent fields, with the diffuse discharge observed at the Upper cone volumetrically small and chemically different from the Lower cone. For example, from the vent fluid Mn, Li, Rb, and Cs concentrations, it is apparent that the Lower cone has experienced a lower degree of water/rock interaction (i.e., more reaction) than the Upper cone. Vent fluid pH is higher for Lower cone, consistent with more reaction and neutralization of acidic gases. Fe/Mn is lower at the Lower cone due to decreased Fe solubility at the higher pH. The lowest pH sample (1.9) is from the Upper cone that has 39.4 mmol/kg of SO4, consistent with input of magmatic SO2 and disproportionation to sulfuric acid and S or H2S. Thus, the Upper cone site could be interpreted to have a shorter reaction path and residence time between the point of magmatic degassing and the seafloor venting than the Lower cone site. Isotopic compositions of the NW caldera and cone vent fluids show evidence for magmatic water with negative dD and d180 values, while 3He/4He values show the Brothers hydrothermal system has shifted towards more magmatic conditions over the past several years with both sites affected by magmatic events. Similarly, vent fluid sulfide d34S values and those for sulfide minerals from NE caldera chimneys also indicate disproportionation reactions involving magmatic SO2. Minerals such as chalcopyrite, bornite, chalcocite, covelllite and euhedral grains of hematite occurring in high temperature chimneys from the NW caldera site are consistent with a more oxidizing, magmatic fluid, while bulk sulfide geochemistry data show evidence for a higher temperature suite of elements (e,g., Mo, Co, Se) associated with Cu-rich chimneys. Gold mineralization occurs in these high temperature chimneys and is associated with the most recent deposition of high concentrations of Cu, where d34S values are most negative. Geophysical evidence suggests that the top of a magma chamber occurs ~2.5 km below the caldera floor, beneath the cone site in the SSE quadrant of the volcano. Very low velocities of <1 km-2 are seen in the seismic data between the magma and the seafloor, and are indicative of gas release. Harmonic tremor data provide evidence for a 500 m pipe-like ?conduit? located above the magma chamber (and below the cone), linking it with the overlying hydrothermal system, providing a mechanism for magma-derived metals to enter the hydrothermal system under the cone site. The NW caldera and cone sites are considered to represent stages along a continuum between magmatic-hydrothermal and water/rock-dominated end-members.

Jan 1, 2010

By Benoît Waquet

In a context of scarce mineral resources, coupled with an increasing global demand in metals due to the exponential growth of newly industrialized countries, the mining industry will inevitably have to deal with tomorrow?s resources: underwater deposits. Three types of offshore deposits are known to date: polymetallic nodules, cobalt-rich crusts and hydrothermal sulphides. The latter, regarding the political-economic context, is now considered most likely to be exploited in a near future. Operating a mine critically requires accurate knowledge on geotechnical properties of the ore. A question is thus to be asked: Is there a particular spatial organization of geotechnical properties in a hydrothermal sulfide mound? In the present study, geotechnical properties have been measured for 29 sulfide samples of known origin, completed by 14 measurements on Western Pacific specimens from Yamazaki et al. (1990) and Yamazaki and Park (2003). From these geotechnical data on 43 sulfide samples, we can provide some answers to this question above, crucial for future exploitation of underwater mines.

Jan 1, 2010

By V. Alexandrov

This paper presents the results of theoretical investigations of the energy requirements of the hydraulic lifting of mined materials from the seabed to the sea surface in the deep-sea mining of solid minerals such as manganese nodules in the Clarion-Clipperton region of the Pacific, situated on the sea floor in water depths of 4,500 m or more. The principal element of the developed underwater transport system is the Underwater Chamber, which is connected by flexible pipeline to a mining machine that gathers nodules from the seabed, mixes them with seawater, and feeds them into a flexible pipeline. In this paper, we discuss the question of the optimum water depth for placement of the Chamber, the interior of which is designed to maintain a 1-atmosphere pressure. We present a method for calculating this depth as it relates to the mechanical characteristics of solid particles, the shapes and size distributions of the particles, particle and slurry density, and other properties. These investigations were carried out in hydro-transport laboratory of the Saint-Petersburg Mining Institute and the hydraulic laboratory of Faculty Environmental Engineering in Wroclaw Agricultural University. KEY WORDS: deposit, nodule, flexible pipeline, pressure drop, concentration, hydromixture

Jan 1, 2005

By Georgy A. Cherkashov

Two principal types of the hydrothermal fields in Atlantic - axial and off-axis - could be established based on their structural setting in the rift zone of the Mid-Atlantic Ridge (MAR) (Figure1). The first (axial) type is represented by five high- and three low-temperature hydrothermal sites (Table 1). All of these fields are connected with young axial effusive volcanism and related to large linear volcanic ridges or central volcanoes at the inner floor of the rift valley. The hydrothermal activity here is controlled by the intersection between longitudinal magma feeding faults and transverse weakened zones characterized by high permeability. [ ] The hydrothermal sites of the second (off-axis) type (such as Rainbow, TAG, 24°30?N, Logatchev, newly discovered 13°N (Figure 2) and possibly 16°48?N sites) are related to large tectonic dislocations forming marginal scarps of the rift valley as well as transverse discontinuities.

Jan 1, 2003

By Gregory J. Kurras

In 1995 the Marine Minerals Technology Center (MMTC) of the University of Hawaii conducted a sidescan sonar survey and sampling expedition of the submarine geology and hydrothermal systems surrounding the active volcano White Island. The island is located in the Bay of Plenty, within the geothermally active Taupo Volcanic Zone off-shore of the North Island of New Zealand, and is the site of numerous shallow-water hydrothermal systems. The survey system, an EdgeTech DF1000 sonar, was a dual frequency 100 kHz & 500 kHz sonar capable of imaging the seafloor at better than 1 m resolution and possibly detecting gas bubbles within the water column. Sidescan imagery clearly shows sand channels, debris slumps, submarine landslides, and volcanic ridges all around the island to roughly 800 meters offshore. However, analyses of the both raw and processed acoustic data indicate that the sonar was not able to image any of the shallow-water hydrothermal gas seeps known to exist around the island. Vents were located using a commercial fish finder and knowledge from local tour guides and divers. Eleven gas samples from three different sites were collected by divers for analysis of chemical and isotopic composition. Rock samples were collected from thirteen underwater outcrops for correlation with existing data on subarial island flows sampled by previous investigators. Thin sections and XRF analysis were done for each rock to determine mineral assemblages along with major and trace elements, which were used to tie submarine samples to specific subarial stratigraphic layers.

Jan 1, 2011

By Carl H. Hobbs

The marine mineral resources of the U.S. middle and south Atlantic shelf are little utilized. The largest resource, sand and gravel, is used for beach nourishment and protection and, to a much lesser degree, as construction aggregate. The potential for increased utilization is great. Submarine deposits of shell have been mined for lime and for use in the oyster industry. Although significant quantities of manganese nodules and crusts are present on the Blake Plateau, exploitation in the foreseeable future is unlikely. Similarly, major phosphorite deposits in North Carolina&apos;s inner shelf probably will remain unexploited as long as onshore deposits remain available. Placer deposits of heavy-mineral sands, especially the titanium minerals, offer the possibility of exploitation. This possibility might be enhanced by consideration of joint development of sand or aggregate with heavy minerals.

Jan 1, 1992

Clark volcano is a large volcanic center on the active arc front of the intraoceanic Kermadec arc. It is one of the two southern-most Kermadec arc volcanoes (the other being Whakatane volcano) that sits on oceanic crust before the transition to continental New Zealand, and is underlain by the 17-km-thick Hikurangi Plateau, which is presently subducting beneath the southern section of the Kermadec arc. Unusual K-rich basaltic lavas have been recovered from Clark (1.5 to 2.25 wt.% K2O), together with more typical basaltic-andesite, andesite and dacite rocks. The total volume of the Clark volcanic center is ~90 km3, calculated from the summit of the volcano down to the 2,500 m contour (which marks the inflection point of the volcano flanks with the surrounding seafloor) and comprises two separate edifices similar in size; the northern one having a volume of ~4.57 km3 and the southern one 4.43 km3. The volcano has a maximum relief of ~1,645 m from the 2,500 m contour to the summit of the shallower northern edifice shoaling to 855 m below sea level. The northern edifice is comprised of twin peaks each consisting of a constructional cone, with evidence of sector collapse having occurred between the cones. A more recent, smaller cone again has grown on the eastern flank between these summit cones. Massive, blocky lavas and coarse talus dominate the summits of the cones, with finer-grained volcaniclastic material and sediments a feature of the volcano flanks. The southern edifice is noticeably more dissected than the northern one, having a pronounced horst in the centre of the volcano bounded by 5-6 km-long faults. There is no obvious constructional cone atop the southern volcanic edifice.

Jan 1, 2011

By Peter E. Halbach, Andreas Jahn

"Co-rich ferromanganese crust deposits exist on slopes, summits and platforms of seamounts and guyots throughout the global oceans, where deep-sea currents have kept the seafloor structures more or less free of sediment for millions of years. They form by direct precipitation from cold seawater under more or less oxic conditions and consist of thin layers (2 up to 25 cm thick) covering hard substrate rocks in water depths of 800 to 5000m (Halbach and Marbler, 2009; Hein et al., 2000). Besides Mn these crusts contain interesting concentrations of minor elements (Co, Ni, Ti and Cu) and trace elements (Mo, W, Te, Ga, Pt and REEs), thus they represent significant metal deposits and promise potentially valuable additions to the world’s metal resources.The prospects for mining of this marine type of metal deposits largely depend on the grades and the scale of the potential ore resources. However, only a few percent of existing seamounts and guyots have been mapped and sampled in detail, most of them in the Pacific Ocean. Therefore, a model to estimate the geological resources based on the global seamount catalogue of Wessel (2001; revised: Wessel et al., 2009) and the empirical parameters which control the metal composition and distribution was developed."

Jan 1, 2017

By John W. Padan

The 1982 United Nations Convention on the Law of the Sea contains major provisions that U.S. negotiators have sought for over two decades. The internationally recognized right to the mineral resources of a broad continental margin is of potentially enormous future importance to the United States. Although water depths reach 10,000 feet in some of the deeper areas of the margin, technology is rapidly making those depths economically accessible. In 1997, production in the Gulf of Mexico will reach a world record water depth of 5400 feet. Of perhaps even greater importance to the oil and gas industry is the broadly acknowledged right for tanker transport of oil to take place throughout all parts of the world&apos;s oceans.

Jan 1, 1996

Recent focus by terrestrial mineral explorers (and investors) on cobalt has increasingly highlighted the future critical need for this metal, with new-age batteries being the primary utilisation. We present an overview of the world’s current terrestrial cobalt resources and put this in perspective of currently known seabed resources, particularly polymetallic nodule and crust deposits. We focus on comparison of the key exploration, development and exploitation risks for such deposits, and provide a framework for financial evaluation and appraisal.

Jan 1, 2018

By Richard H. T. Garnett

On the western continental shelf of southern Africa diamonds derived from onshore sources are concentrated in gravels within drowned terrestrial and marine geomorphological features. First discovered offshore in the late 1950&apos;s, they are known to exist for about 1400 km along the Namibian and South African coast in water depths of up to 200 m. Shallow water operations yielded 1.5 Mct during the decade ending 1970 when De Beers acquired a majority of the offshore leases and commenced a 15 year exploration program. Deeper water and the prevailing sea conditions required the development of new, unique, marine mining equipment. The first large scale mining production of 22 kct was achieved by De Beers in 1989 with an output of 22 kct. Annual marine output from all sources now exceeds 0.6 Mct worth some US.$ 170 M, and rising to 0.7-0.8 Mct for 1998. Exploration has also been taking place in the waters of West Africa, Australia, and Indonesia. Exploration is by means of high resolution geophysics followed by sampling using a variety of drills, airlifts and seabed-mounted machines which imitate the eventual mining process. Surveying is now probing depths of 500 m. Smaller scale mining by several junior companies has traditionally involved diving and airlift systems. Increasingly, however, they are adopting different and improved techniques which to date have been employed only by De Beers Marine as contractor to Namdeb. Marine exploration and unit mining costs are high compared to those applicable to alluvial deposits onshore. By 1996 the total development costs incurred by De Beers alone reportedly had exceeded US.$ 500 M. However, the financial rewards are commen-surate because of the higher recovered grades. The operations are not without risk for the total of nearly 10 large and medium scale production vessels deployed by various organisations. The greatest shortfalls are experienced in the estimated throughput, not the grade.

Jan 1, 1998

By Nii Allotey Odunton

One of the primary responsibilities of the International Seabed Authority?s Secretariat (the Secretariat) is to assess the quantities of metals present in seabed polymetallic nodules in the International Seabed Area under the Authority?s jurisdiction. To carry out this responsibility, the Secretariat periodically undertakes an assessment of the reserved areas in the Clarion-Clipperton region of the northeastern Pacific (CCZ) using the data submitted by the registered Contractors and maintained in the Authority?s POLYDAT database. The results of its most recent assessment demonstrated that the information submitted by the Contractors, though satisfactory for some purposes, does not permit the in situ quantities of metals in these areas to be estimated with a degree of confidence that is comparable to many land-based mineral resource estimates. Our strategy is to divide the work into two distinct but closely related efforts; one to draft a Prospector?s Guide that provides a narrative description of the key geological and oceanographic data that may be related to deposit abundance and metal content, and another that we call the Geological Model, that summarizes and documents the quantitative resource assessments accomplished in the project.

Jan 1, 2005