GOLD 0.51% $1,391.7 gold futures

It ain't simple so I always just rely on the geo's report in the...

  1. 315 Posts.
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    It ain't simple so I always just rely on the geo's report in the maiden resource or the subsequent resource updates. Essentially the drill assays create a geological model that then can be used to estimate the resource size and purity. In Australia we have the JORC code which has a set of required procedures and methods and two levels of resource confidence ; indicated and inferred which added together give you the total resource tonnage. That means that all JORC compliant estimates are comparable. Here are some useful sites:

    See http://www.jorc.org/

    and

    https://en.wikipedia.org/wiki/Mineral_resource_estimation

    cheers

    ece
 
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