RE:RE:its just inferred...
rickyclean wrote:
zeroboot1 wrote: not measured or indicated....not much reason for this to move.
Measured
Indicated
Inferred
Is there the right order in importance to be considere.
Can you resume briefly their meaning?
Indicated and Measured Mineral Resources can be used in economic analyses, whereas Inferred estimates, due to the low confidence level they provide, cannot.
Rather than trying to explain it, I'll quote from wikipedia:
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. It is inferred from geological evidence and assumed but not verified geological/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be of limited or uncertain quality and reliability.
Indicated resources are simply economic mineral occurrences that have been sampled (from locations such as outcrops, trenches, pits and drillholes) to a point where an estimate has been made, at a reasonable level of confidence, of their contained metal, grade, tonnage, shape, densities, physical characteristics.[2]
Measured resources are indicated resources that have undergone enough further sampling that a 'competent person' (defined by the norms of the relevant mining code; usually a geologist) has declared them to be an acceptable estimate, at a high degree of confidence, of the grade, tonnage, shape, densities, physical characteristics and mineral content of the mineral occurrence.