March 5, 2018
Goldcorp announced that Acoustic Zoom is the winner of #DisruptMining 2018, the innovation accelerator designed to encourage new technologies and ideas to solve some of the biggest challenges in mining.
Acoustic Zoom impressed the judges at the he annual Prospectors and Developers Association of Canada conference yesterday with their ultra high-frequency 3D drill hole seismic imaging and earned the opportunity to negotiate a contract or investment of up to $1 million with Goldcorp.
“Our vision is to give confidence to investors by augmenting the value of drill results using our innovative acoustic technology,” said Jacques Guigné, CEO and Chief Scientist Professor, Acoustic Zoom. “Our technology maps deep within the earth’s microstructure, helping exploration teams drill smarter, guide planning and achieve investment value quick. We are thrilled that Goldcorp and the judging panel of industry titans sees this value and champions our vision.”
#DisruptMining is designed to encourage new technologies and ideas to solve some of the biggest opportunities and challenges in mining. Over 100 submissions were entered into #DisruptMining 2018, representing completely new ideas and disruptive technologies that will benefit the entire mining industry.
Acoustic Zoom aims to unlock the potential of Canada’s mineral exploration sector with high frequency 3D imaging to help map complex geological formations deep within the earth’s micro-structure.
After earning a spot as a semi-finalist in #DisruptMining 2017, Acoustic Zoom perfected their technology and submitted again in 2018 earning a spot as a finalist. A breakthrough in its ultra high-frequency 3D drill hole seismic imaging method provides an unprecedented resolution of subsurface geological structures, while reducing their 3D survey costs by up to 90 per cent.
“Technologies like the one presented by Acoustic Zoom will get us to our vision of being a technology company – and a mining company – faster,” said Todd White, COO, Goldcorp. “Each of the finalists brought something unique to the challenge making the deliberation process difficult for the judges. It was crystal clear at the #DisruptMining finale last night that disruptors are responding to our call to innovate.”
Acoustic Zoom’s method is intended to help exploration teams drill smarter, guide planning and achieve investment value quicker with more actionable and accurate information.
“Congratulations to Acoustic Zoom for winning #DisruptMining 2018.” said Elio Luongo, CEO KPMG, official co-host of #DisruptMining. “At KPMG we are proud to help dynamic, innovative companies achieve their ambitions and drive change. A special thank you to all the finalists and semi-finalists for being visionaries, pushing boundaries and representing the future of Canadian business.”
The panel of judges for the final four contestants were:
• George Salamis, President & CEO, Integra Resources;
• Rob McEwen, Founder and CEO, McEwen Mining;
• Todd White, COO, Goldcorp;
• Veronica Knott, University of British Columbia Mining Engineering student and 2017 Engineers Canada Gold Medal Student Award recipient; and
• Wal van Lierop, President & CEO, Chrysalix Venture Capital.
CEO David Garofalo announced that net proceeds of $230,000 from the #DisruptMining live finale will be granted toward mining, innovation and technology scholarships to the University of British Columbia over the next three years. In addition to the scholarships, Goldcorp and KPMG announced a $100,000 pledge to HEROS hockey program, which helps vulnerable kids participate in hockey programs.