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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.
Calaverite, or gold telluride, is an uncommon telluride of gold, a metallic mineral with the chemical formula AuTe 2, with approximately 3% of the gold replaced by silver.It was first discovered in Calaveras County, California in 1861, and was named for the county in 1868.
It is common for the stripping ratio to be used as an indicator of economic value for an open pit mine. [1] This is because removal of waste is a cost to the mine whereas mining ore leads to revenue. A stripping ratio is commonly used as a quick method to evaluate a mine’s or a design’s value.
The content of gold within these deposits is largely variable, and can be a factor in the economic value of the deposit. The gold contents of all deposits averages 0.41 g/t Au, with the majority of worldwide deposits averaging less than 1 g/t Au. [2] The occurrence of native gold mineralization. Example from Kalgoorlie Australia.
However, accuracy on ore material is typically limited to 3 to 5% of reported value. Although time-consuming, the method is the accepted standard applied for valuing gold ore as well as gold and silver bullion at major refineries and gold mining companies.
Gold cyanidation (also known as the cyanide process or the MacArthur–Forrest process) is a hydrometallurgical technique for extracting gold from low-grade ore through conversion to a water-soluble coordination complex. It is the most commonly used leaching process for gold extraction. [1]
Quartz reef breaking the surface at Paynes Find, Western Australia. Quartz reef mining is a type of gold mining in "reefs" (veins [1]) of quartz.Quartz is one of the most common minerals in the Earth's crust, and most quartz veins do not carry gold, but those that have gold are avidly hunted by prospectors.
A mineral ore deposit is the volume of rock that can be mined at a profit. [7] Therefore, there are many variants that can define whether a mineral deposit is profitable or not, such as price, tonnage, or location.