EXPM:HRTFF - Post by User
Comment by
rollonon Nov 12, 2017 11:49am
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Post# 26947380
RE:RE:RE:RE:RE and Recent Posts
RE:RE:RE:RE:RE and Recent PostsInitially the 3 Million will be the combination of: What is a Proven Mineral Reserve? A proven mineral reserve is the economically mineable part of a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction is justified What is a Probable Mineral Reserve? A probable mineral reserve is the economically mineable part of an indicated, and in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. What is an Inferred Mineral Resource? An inferred mineral resource is that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological grade and continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.