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Mineral resource estimation is used to determine and define the ore tonnage and grade of a geological deposit, from the developed block model.There are different estimation methods used for different scenarios dependent upon the ore boundaries, geological deposit geometry, grade variability and the amount of time and money available.
Mineral Resources are further sub-divided, in order of increasing geological confidence, into inferred, indicated and measured as categories. Inferred Mineral Resource is the part of a mineral resource for which quantity, grade (or quality) and mineral content can be estimated with a low level of confidence. It is inferred from geological ...
A McKelvey diagram or McKelvey box is a visual representation used to describe a natural resource such as a mineral or fossil fuel, based on the geologic certainty of its presence and its economic potential for recovery. The diagram is used to estimate the uncertainty and risk associated with availability of a natural resource.
Quantitative mineral-resource assessments are defined as the numerical estimate of the amount, quality, and in some cases, value of undiscovered minerals (that is, metal or industrial mineral) present within a specified area (tract). Their purpose is to provide a framework for making decisions by governments or institutions concerning mineral ...
The Oubasi orogenic gold deposit in Southern Ghana is host to mineral resources of over 70 Moz Au at a grade of 7.39g/t or higher, with a past production of 32 Moz Au. [9] The deposit is located in the Birimian orogen, where gold mining is known to have taken place back to the 17th century, but modern industrial-scale mining began in 1897 by ...
Amethyst crystals – a purple quartz Apophyllite crystals sitting right beside a cluster of peachy bowtie stilbite Aquamarine variety of beryl with tourmaline on orthoclase Arsenopyrite from Hidalgo del Parral, Chihuahua, Mexico Aurichalcite needles spraying out within a protected pocket lined by bladed calcite crystals Austinite from the Ojuela Mine, Mapimí, Durango, Mexico Ametrine ...
Giurco et al. (2009) [8] indicate that the debate about how to analytically describe resource depletion is ongoing. Traditionally, a fixed stock paradigm has been applied, but Tilton and Lagos (2007) [9] suggest using an opportunity cost paradigm is better because the usable resource quantity is represented by price and the opportunity cost of using the resource.
Resource estimates are undiscovered volumes, or volumes that have not yet been drilled and flowed to surface. A non-reserve resource, by definition, does not have to be technically or commercially recoverable and can be represented by a single, or an aggregate of multiple potential accumulations, e.g. an estimated geological basin resource. [14]