Potentially huge deposits of diamonds, gold and other minerals found during recent geophysical surveys of South Australia have triggered a rush by domestic and overseas exploration companies, government officials said recently in Adelaide.
The surveys, said to be the most comprehensive ever undertaken Down Under, revealed bedrock formations which the government says could contain “massive mineral resources,” Agence France Presse reports.
Initial results of the A$16-million (US$10.5-million) project are said to show the state has some of the world’s most prospective terrains and possible base metal deposits in an area the size of Spain.
The region is also believed to contain gold, copper, lead, zinc, iron ore, nickel, chromium and tin.
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