Limitations in accepting localized conditioning recoverable resource estimates for mediumterm, long-term, and feasibility-stage mining projects, particularly for sections of n ore deposit
W Assibey-Bonsu, C Muller
A localized nonlinear recoverable resource estimate technique has been
applied using typical feasibility or new mining drilling data configurations
drawn from a massive database from a mined-out area on a hydrothermal
gold deposit. The results were then compared with the corresponding
8 m x 5 m grid grade-control data in order to determine the efficiency of the
approach and the validity of the recoverable resource estimates for mine
planning and financial forecasts.
Keywords: localized conditioning, post-processing, nonlinear recoverable estimates,
direct and indirect recoverable estimates, kriging efficiency, slope of
regression, relative profit, inefficient kriged estimate, conditional bias.