The Difference Between Aircore, RC and Diamond Drilling

Published 21-FEB-2022 11:39 A.M.

|

3 minute read

Drilling underpins the activities of junior exploration companies.

Drilling is the only surefire way to find out what mineralisation lies below the surface - and if you invest in mining explorers, expect to encounter a lot of drilling.

Discovering and defining a deposit is like putting together a complicated puzzle. The more drilling a company does, the clearer the picture for investors.

There are a few different types of drilling that you will encounter on your investment journey and each plays a different role in solving the exploration puzzle.

Drilling programs will often occur in chunks of metres to drill, so 3000m of drilling or 10,000m of drilling, for a specific period of time.

Once the drilling is complete, investors and the company will evaluate the results to better inform the next drilling program.

The three types of drilling that we will look at today are:

  • Aircore Drilling (AC Drilling)
  • Reverse Circulation Drilling (RC Drilling)
  • Diamond Drilling

As an investor it's important to understand each of the different types of drilling and how they help to solve the ‘puzzle’ of discovering and defining a deposit.

What is Aircore (AC) Drilling?

AC drilling is one of the cheapest types of drilling that an exploration company can do.

AC drilling is used in first pass exploration programs and used as a precursor to generating higher priority drill targets.

The benefits of AC drilling is that it uses a small rig, which can drill quicker and at a much cheaper cost.

AC drilling is however limited by the depths at which it can reach, ~150m at best, and the type of rock structures it can penetrate.

As a result, very rarely are discoveries made during AC drilling programs.

Almost always AC drilling is used as a ranking exercise to try and narrow down a large sample of targets into ‘high priority targets’ which can then be drilled using heavier, more expensive rigs.

What is Reverse Circulation (RC) Drilling?

RC drilling is the most common type of drilling an exploration company will choose to do.

RC drilling is popular amongst exploration companies mostly because these drill-rigs are heavy and powerful enough to drill down to depths of upto 600m (depending on the rock formations being targeted).

Most economic deposits start showing some mineralisation before 600m in depth, as a result explorers tend to prefer RC drilling programs so as not to lower the probabilities of missing anything.

RC drilling also produces higher quality samples, again increasing the number of results that come from a drilling program.

The downside to RC drilling is that it is relatively expensive versus an AC program, this usually means that RC drilling is only done on higher priority targets where the exploration companies are confident they can make a large-scale discovery.

What is Diamond Drilling?

Diamond drilling is the next step up from RC drilling, with the primary difference being that the drill bit on the end of the rig is diamond encrusted.

Diamonds are known to be one of the hardest materials in the world, making them perfect to put on the end of a drilling rig and penetrate through hard rock formations. As a result diamond drilling is often used when looking to drill down to really high depths.

Another reason diamond drilling is used is because it produces clean core-logs.

With AC or RC drilling the core sample can crumble, rendering it unusable by the assay lab to generate an accurate assessment of the mineralisation.

The clean cuts produced by diamond drilling provide a much higher sample recovery rate, and are more representative of the ore body being targeted.

Diamond drilling provides the best reflection of what is under the surface, however it is the most expensive type of drilling.

Explorers under normal circumstances will deploy diamond drill rigs either when they have found a mineralised system and want to further define it or if they are drilling into hard rock structures at depth.



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.

 

Get Expert Stock
Analysis and Opinions

Join thousands of other Investors following our stock commentary for Free

X