(I have zero background in mining other than investing in mining stocks, so this is the best layman's interpretation/understanding I can come up with - but it will hopefully be helpful to others)
I think @kduvey does resource modelling for a living. I suspect they can correct me if I am wrong. There may be others here too that have some good knowledge.
I suspect what the resource modeller will do is use their geological interpretation of the orientation of the footwall structure to set a boundary for the resource model. They don't have an IP survey at RPM.
I think the resource modeller will then select blocks 50m x 50m x 50m to include or exclude in the resource model based on a contained assay data points (at least 8 or 16 points ). Resource modelling software probably does this part automagically.
This is the description of the search algorithm used for the Korbel Resource model.
The algorithm then creates a search ellipse to find nearby data points used as the basis for an estimate for the average grade of any 50m x 50m x 50m block. You can see some graphical depictions of this process here:
https://help.seequent.com/Geo/2021.1/en-GB/Content/estimation/block-estimate-interrogator.htm
This all basically means that any blocks included in the resource model will need to contain at least 8 or 16 data points within 75m radius or 150m radius of other data points. The software will then basically estimate the average grade for every 50m x 50m x 50m block by running thousands of interpolation calculations across the entire model.
The software will then give an estimate for each and every block, presumably with parameters used for cut-off. The resource modeller will then review the results and determine any blocks they decide to manually exclude from the model.
Blue box - approximate - radius 75m (diameter 150n) around RPM-005
Pink box - approximate - radius 150m (diameter 300m) around RPM-005
- Forums
- ASX - By Stock
- Ann: Bonanza Grades at RPM North Including 132m @ 10.1 g/t Au
(I have zero background in mining other than investing in mining...
-
- There are more pages in this discussion • 270 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVA (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $54.62M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 19.0¢ | $55.04K | 288.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 84121 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 84121 | 0.195 |
6 | 208666 | 0.190 |
2 | 31054 | 0.185 |
4 | 36055 | 0.180 |
1 | 5700 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 20000 | 1 |
0.220 | 42000 | 2 |
0.225 | 43000 | 2 |
0.230 | 74646 | 3 |
0.235 | 20384 | 1 |
Last trade - 15.59pm 13/11/2024 (20 minute delay) ? |
Featured News
NVA (ASX) Chart |