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(Identified Resources-Continued) certainty, these economic divisions can be sub divided into measured, indicated, and inferred.1 Demonstrated. -A term for the sum of meas ured plus indicated. Measured.-
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An Indicated Mineral Resource has a higher level of confidence than an Inferred Mineral Resource but has a lower level of confidence than a Measured Mineral Resource. A Mineral Resource is a concentration or occurrence of diamonds, natural solid inorganic material, or natural solid fossilized organic material including base and precious metals ...
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The Mineral Resource is classified into the Measured, Indicated and Inferred categories and is reported at a cut-off grade of 0.1% TREO (TREO and *TREO in tables below refers to Total Rare Earth Oxides including Y 2 O 3). The mineral resource was estimated by MSA as follows: Table 1: Area 4 Mineral Resources Estimate for 0.1% TREO cut-off. Notes:
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Mineral Resource Classification Tonnes ('000's) Gold Grade grams/tonne Contained ('000's) Measured 806 7.6 196: Indicated 502
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5 Mineral Reserves are the economic portion of the Measured and Indicated Mineral Resources. Mineral Reserves were estimated by Guilherme Gomides Ferreira, BSc. (MEng), MAIG, a GE21 associate, who ...
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Mineral resources are sub-divided in order of increasing confidence in respect of geoscientific evidence into inferred, indicated and measured categories. An inferred mineral resource is that part of a mineral resource for which tonnage, grade and mineral content can be estimated with a low level of confidence.
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Indicated Mineral Resource The term "Indicated Mineral Resource" refers to that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning ...
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1 The historical measured and indicated mineral resources include historical proven mineral reserves of 99,000 tonnes grading 4.1 g/t gold (13,000 ounces of gold) and historical probable mineral ...
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Resources and Reserves: The relationships between the five groups of mineral asset reporting. Mineral Resources. A Resource is a concentration of a minerals that has a reasonable prospect of economic extraction. Its location, grade, quantity and continuity are reasonably known from specific geological knowledge and evidence. ... An "Indicated ...
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Mineral Resource. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. An Inferred Mineral Resource has a lower level of confidence than that applied to an Indicated Mineral Resource. An Indicated Mineral Resource has a higher level of confidence than an Inferred ...
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Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce it has increased its Mineral Reserves by 43% and its Measured and Indicated ("MI") Mineral Resources by 26% from December 31, 2019 to December 31, 2020. The majority of the increase to Mineral Reserves and Mineral Resources are in relation to the acquisition of Alio Gold …
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Mineral Reserves are the economic portion of the Measured and Indicated Mineral Resources. Mineral Reserves were estimated by Guilherme Gomides Ferreira, BSc. (MEng), MAIG, a GE21 associate, who meets the requirements of a "Qualified Person" as established by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition ...
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Mineral Resources can be classified as Measured, Indicated and Inferred, according to the level of geological knowledge and confidence. Ore Reserves can be classified as Proved or Probable on the basis of the Mineral Resource classification and consideration of all JORC modifying factors.
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A Mineral Reserve is the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at Pre-Feasibility or Feasibility level as appropriate that include application of Modifying Factors.
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The amended January 9, 2019 NI 43-101 Mineral Resource Estimate confirms that the River Valley Project has 2,867,000 Measured and Indicated PdEq ounces, with 1,059,000 PdEq ounces in Inferred at a 0.35 g/t and 2.0 g/t PdEq cut-off for open pit and underground respectively.
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Measured and Indicated ( 1) (2) ("MI") Mineral Resources increase 10,061,000 ounces or 216% from December 31, 2020 estimates to 14,718,000 ounces at June 30, 2021 (572.0 million tonnes ("MT") at average grade of 0.80 grams per tonne ("g/t")) MI Mineral Resource estimates include 12,214,000 ounces ( 3 ) (386.5MT at average grade of 0.98 g/t) with additional 2,505,000 ounces …
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a mineral resource and reserve estimate update at Cigar Lake, which added 7.4 million pounds of proven and probable reserves. Our share of measured and indicated mineral resources slightly increased from 424 million pounds U 3 O 8 at the end of 2019, to 426 million pounds at the end of 2020. Our share of inferred mineral resources is 174 ...
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Indicated Mineral Resource blocks meet the criteria of being within 20 meters of a sample, being estimated by 12 samples in at least two holes and by having sample data in at least three holes and three octants of a 35 meters spherical search; remaining estimated blocks are classified as Inferred Mineral Resource.
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The category to which a Mineral Resource (Measured, Indicated and Inferred) or Mineral Reserve (Proven and Probable) is assigned depends on the level of confidence in the geological information available on the mineral deposit; the quality and quantity of data available on the deposit; the level of detail of the technical and economic ...
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An Indicated Mineral Resource has a higher level of confidence than an Inferred Mineral Resource but has a lower level of confidence than a Measured Mineral Resource. A Mineral Resource is a concentration or occurrence of solid material of economic interest in or on the Earth's crust
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A mineral reserve is the economically mineable part of a measured or indicated mineral resource . " " 。. The measured and indicated mineral resources are additional to the mineral reserves. ...
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Mineral reserve is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project.
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Southern Silver Announces a Significant Increase to the Mineral Resource at Cerro Las Minitas. Newsfile. Oct. 27, 2021, 09:30 AM. To: Indicated 137Mozs …
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Define Indicated Mineral Resource. means that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit.
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"A Mineral Reserve is the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at Pre-Feasibility or Feasibility level as appropriate that include application of Modifying Factors.
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Indicated Mineral Resources and Inferred Mineral Resources are reported in accordance with NI 43-101 with an effective date of the 12 th …
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Open pit Mineral Resources estimated at a 0.4 g/t Au cut-off grade and based on a gold price of US$1,800 per ounce include 10,236,000 tonnes at an average grade of 1.60 g/t Au for 526,000 ounces in the Indicated Resource category and 10,920,000 tonnes at an average grade of 1.29 g/t Au for 452,000 ounces in the Inferred Mineral Resource ...
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measured, indicated and inferred mineral resource. Definition: A combination of measured mineral resource, indicated mineral resource and inferred mineral resource. Governance level: eu …
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Mineral resource estimates do not account for a resource's mineability, selectivity, mining loss, or dilution. 7)An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral ...
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Inferred resources are so speculative that one cannot legally add them to the Measure and Indicated tonnages in a resource statement (although that is what everyone does). I don't really understand the concern with a mineral resource statement if it includes a row that adds M+I tonnage with Inferred tonnes, as long as everything is transparent.
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1 Gold contained in measured and indicated mineral resources totaled 15.3 million ounces (341 million tonnes grading 1.40 g/t gold) and inferred mineral resources totaled 23.4 million ounces (283 ...
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The mineral resource estimate is classified as Measured, Indicated and Inferred mineral resources. The mineral resource has been estimated using a gold price of US$1,350 per ounce. The mineral resource was estimated using a block model. Three dimensional wireframes were generated using geological information. The ordinary kriging estimation ...
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