DIR
Exploration,
Inc., started business in 1983 as an Arizona limited partnership
occupied with identifying and obtaining uranium breccia pipe prospects
south of the Grand Canyon in Coconino County, Arizona. Founded by three
geologists : Larry D. Turner, Irving L. Turner, and Mohammed
Ikramuddin
-- by 1987 the partnership had negotiated an exploration joint venture
with PNC Exploration (USA), Inc., an overseas corporate arm of the
government-owned Japanese nuclear power industry. DIR is a subchapter-S
corporation, incorporated in 1987 in Arizona. Its board of directors
consists of its senior member, Irving L. Turner (also executive
vice-president), and Larry D. Turner (also president and managing
geologist).
DIR
operates following the
organic*
corporate structural model, the model believed to be most appropriate
to technical, knowledge- and data-based businesses operating in
extremely dynamic, competitive, and unpredictable industries. In
companies that are organized organically, the individual agents of the
corporation are relatively few, are comparatively multi-functional, and
understand most, if not all, of the working hypotheses guiding the
actions of the company. Hierarchical structure of organic corporations,
including that of DIR, is extremely flat. The multi-tasking ability and
understanding of an organic corporation's agents make it
possible for
the organically-organized company as a whole to quickly, competently,
and economically adjust to externally and internally changing
circumstances. In the mineral exploration industry, alternative, more
rigid (mechanistic) corporate structures appear to operate in an
appreciably more cumbersome, and less economically- and less
technically-efficient fashion.
This
interrelatedness
of the form and function of its agents within DIR's corporate
structure
is mirrored in its exploration technical approach. Rather
than see
exploration geology, geophysics, and geochemistry as separate,
independent disciplines, DIR views each of these fields instead as
co-varying but different scientific 'senses'
directed towards the same
object. This technical perspective naturally looks for a large degree
of agreement among geological, geophysical, and geochemical
observations, and presumably this viewpoint, when followed rigorously,
leads its adherents to an increased probability of exploration success.
DIR believes that the
'free-energy' and associated high level of economic
rents inherent in
mineral deposits of high ore quality makes them the most appropriate
targets of mineral explorationists in this milieu of increasing
fossil
energy scarcity and increasing mineral depletion. For an exposition of
the empirical basis of this positive statement, see
Turner 1998.
In DIR's view, collapse breccia pipe uranium mineralization
is one
example of a currently appropriate mineral exploration target.
Before
and during its
1987-1993 joint venture with the Japanese, organically-organized DIR
proved itself capable of conducting the prospect generation
and surface
exploration phases of uranium breccia pipe exploration much more
rapidly and economically than its much larger, more strongly funded
competitors. For example, large competitor structural prospect
generation in northern Arizona in the 1980s was carried out primarily
by employing slow and expensive helicopter reconnaissance surveys. DIR,
on the other hand, found that the same work could be much more rapidly
and effectively carried out by using methods of geomorphological
analysis. In spite of its late exploration start in the region, this
technique advantage allowed DIR to quickly recognize and then stake
more than 20 breccia pipe prospect structures on the south side of the
Grand Canyon (South Rim District)
well in advance of Energy Fuels
Nuclear, Inc., Pathfinder Mines Corporation, Uranerz, and Rocky
Mountain Energy Company. Appreciable technical exploration success
notwithstanding, the DIR-PNC joint venture ended in early 1993 when the
uranium price dipped below $15/pound.
DIR and Takara Resources agreed
to terminate their 2006-2009 joint venture in September 2009.
This termination was due, ultimately, to the same temporary
circumstances that led to Secretary of Interior
Ken Salazar
's
July 2009 2-year withdrawal of 1,000,000 acres of breccia pipe-bearing
public lands from new mineral entry. At this time, DIR is
self-funding its continuing breccia pipe exploration work in the
general
Arizona
exploration region.
Roll-Front
Biogenic Geochemical Barrier Model