reserve estimation by the triangle method mining

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Reserve Estimation - an overview | ScienceDirect Topics

In ore reserve estimation, the orebody is the region and grade, thickness, etc. are the regionalized variables. This technique offers the best linear unbiased estimate (BLUE) of the reserves in the context of both local and global bases. It also provides a direct quantitative measure of reliability.

Petroleum Reserves Definitions - Society of Petroleum ...

The method of estimation is called deterministic if a single best estimate of reserves is made based on known geological, engineering, and economic data. The method of estimation is called probabilistic when the known geological, engineering, and economic data are used to generate a range of estimates and their associated probabilities.

3 Coal Resource, Reserve, and Quality Assessments | Coal ...

The Demonstrated Reserve Base (DRB) and the Estimated Recoverable Reserves (ERR), the most cited estimates for coal resources and reserves, are based on methods for estimating resources and reserves that have not been reviewed or revised since their inception in 1974. Much of the input data for the DRB and ERR are also from the early 1970s.

Estimating Tail Development Factors: What to do When the ...

Dec 31, 2000· Estimating Tail Development Factors 3.1 Equalizing Paid and Incurred Development Ultimate Losses This method is the first method discussed with a full theoretical background. It is most useful when incurred loss development essentially stops after a certain stage (i.e., the link ratios are near to unity or unity).

Geostatistical Ore Reserve Estimation - Tutorial - Geology ...

Jul 15, 2017· The development of geostatistics as an ore reserve estimation methodology emerged in France in early 1960 from the work of Matheron (1962) and was based on original studies by D.G. Krige functioning the optimal assigning of weights to the neighbouring sample values used in estimating the grade of blocks in South African gold mines.

Ore Reserve Estimation Method

Estimates of the tonnage and average grade of ore deposits (ore-reserve estimates) are made for various purposes. They may be made by examining engineers as a basis for placing a value on a mining property in connection with reports on behalf of owners or vendors, on the one hand, or for prospective purchasers or lessees, on the other.

Here's how you value any gold project - MINING.COM

Jan 16, 2017· The mining industry is a fascinating space – not only for the fact that almost everything around us comes from mining but also because of the possibility of striking gold with penny stocks that ...

Geostatistics and resource estimation techniques ...

There are different estimation methods (see below) used for different scenarios dependent upon the ore boundaries, geological deposit geometry, grade variability and the amount of time and money available. A table displaying resource estimation method selection can be found below. Nearest Neighbour Method

International Journal of Mining Science and Technology

Reserve estimation of central part of Choghart north anomaly iron ore deposit through ordinary kriging method Ali Akbar Daya⇑ Department of Mining Engineering, University of Sistan and ...

Mineral resource estimation - Wikipedia

Resource estimation is used to determine and define the ore tonnage and grade of a geological deposit, from the developed block model. There are different estimation methods (see below) used for different scenarios dependent upon the ore boundaries, geological deposit geometry, grade variability and the amount of time and money available.

Analysis of Methods for Loss Reserving

ii.) Loss Reserve Triangles The loss reserving triangle is the standard method for maintaining loss data. While the entries vary for different methods, the use of the triangles is always the same. 12 months 24 months 36 months 48 months 60 months 2001 59,500 70,400 71,700 72,000 71,900 2002 64,200 76,700 77,600 77,700 2003 58,400 72,800 73,900

Calculation of Ore Tonnage & Grade from Drill hole Samples

Metallurgical ContentORE RESERVE CALCULATIONSMINERAL ORE RESERVE Case 1MINERAL ORE RESERVE Case 2MINERAL ORE RESERVE Case 3 The usual method of sampling mineral deposits is to drill holes and assay the sludge or core. Though the results thus obtained may not represent the true average value of the deposit, it is on these results that estimates of practically all …

Principles of a Resource/Reserve Classification For Minerals

Principles of a Resource/Reserve Classification for Minerals By the U.S. BUREAU OF MINES and the U.S. GEOLOGICAL SURVEY INTRODUCTION Through the years, geologists, mining engineers, and others operating in the minerals field have used various terms to describe and classify mineral resources, which as. defined herein include energy materials.

Geology, Resource & Reserve Estimation - RPA Inc.

Mineral Resources are classified into Measured, Indicated, and Inferred categories based upon the density of data and confidence level on the resource estimate. Mineral Reserves are classified into Proven and Probable categories based upon the corresponding resource category and economic mining parameters.

JORC : Mineral Resources and Ore Reserves

The JORC committee. The JORC Code is produced by the Australasian Joint Ore Reserves Committee ('the JORC Committee'). The JORC Committee was established in 1971 and is sponsored by the Australian mining industry and its professional organisations.

Measuring Loss Reserve Uncertainty

In presenting the method I have taken pains to make the exposition accessible to a wide audience, and I explain in concrete detail how the method can be implemented in Excel. Keywords: Loss Reserve, Reserve Estimation, Reserve Uncertainty, Coefficient of Variation, Paid Loss Triangle. 1 The author can be contacted at [email protected] I ...

Polygonal method | Article about polygonal method by The ...

Find out information about polygonal method. A method of estimating ore reserves in which it is assumed that each drill hole has an area of influence extending halfway to the neighboring drill holes Explanation of polygonal method. Polygonal method | Article about polygonal method by The Free Dictionary. ... (mining engineering)

Reserving in Two Steps: Total IBNR = Pure IBNR + IBNER

Jun 30, 2013· Reserving in Two Steps: Total IBNR = Pure IBNR + IBNER Daniel David Schlemmer, ACAS, MAAA . Tracey Tarkowski _____ Abstract . Motivation. To estimate IBNR, with separate amounts estimated for pure IBNR and for IBNER or development on known claims, using methods similar to traditional triangle methods . Results

Reserves estimation in tight gas reservoirs - PetroWiki

Volumetric methods can be used to estimate reserves from high permeability, blanket, and depletion drive gas reservoirs. In such reservoirs, the drainage area and gas recovery efficiency are usually known with reasonable certainty; thus, the volumetric method can provide relatively accurate estimates of OGIP and reserves.

Mineral resource classification - Wikipedia

Mineral resource classification is the classification of mineral resources based on an increasing level of geological knowledge and confidence. Mineral deposits can be classified as: Mineral resources that are potentially valuable, and for which reasonable prospects exist for eventual economic extraction.; Mineral reserves or Ore reserves are valuable and legally, …

Statistical Methods for Health Actuaries IBNR Estimates ...

In this document, we illustrate how to use statistical methods to estimate unknown values and create confidence intervals in the context of setting reserves for health (other than disability) insurance claims that have been incurred but not reported (IBNR). Two general statistical approaches used in developing estimates and corresponding confidence

Triangular method | Article about triangular method by The ...

Find out information about triangular method. A method of ore reserve estimation based on the assumption that a linear relationship exists between the grade difference and the distance between all drill... Explanation of triangular method. Triangular method | Article about triangular method by The Free Dictionary. ... (mining engineering)

VALE INCO LIMITED EXTERNAL AUDIT OF MINERAL …

mineral resource that is the basis for the following Mineral Reserve estimate as at June 30, 2010 for the Ontario Operations. During the site visit they inspected mining operations, interviewed personnel and gathered information required to evaluate the appropriateness of the data and methodology used to estimate the resources and reserves. A list

ORE RESERVE ESTIMATION - MineTech Int

ORE RESERVE ESTIMATION METHODS, MODELS AND REALITY Proceedings of the Symposium sponsored by The Geology Division of ClM, and held in Montreal, Quebec, May 1O-11, 1986 Edited by M. David, R. Froidevaux, A.J. Sinclair and M- Vall6e THE CANADIAN INSTITUTE OF MINING …

Ore deposits: Mineral Reserves, Resources and Estimation ...

Nov 05, 2014· Ore deposits: Mineral Reserves, Resources and Estimation [Part 11] ... Easy-to-Understand Explanation of Mineral Resources & Reserves for Mining Stock ... Multi Gaussian Kriging for Reserve ...

STAGES OF EXPLORATION & RESERVE/ RESOURCE …

The Possible Reserve have the following characteristics:- A. The grade estimate of a possible reserve is a broad indication of the likely quality. B. The possible reserve contains only very general information on the mode of occurrence of geological structure and ore behavior. C.

Mineral Reserve Estimation In The Real World

Jan 27, 2010· Mineral Reserve Estimation In The Real World ... A PFS is a comprehensive study of the viability of a mineral project that has advanced to a stage where the mining method, in the case of underground mining, or the p configuration, in the case of an open p, g g, pit g, p pit, has been established, where an effective method of mineral ...

Establishing the feasibility of your proposed mining venture

resource estimate is the critical fundamental foundation of all mining projects. All work done must be compliant with the relevant code i.e. SAMREC or JORC etc. Reserve estimates The reserve estimate gives an indication of the viability of the mineral resource. Calculation of the reserves will depend on the mining method, including an estimate on

ORE BODY MODELLING AND COMPARISON OF DIFFERENT …

ORE BODY MODELLING AND COMPARISON OF DIFFERENT RESERVE ESTIMATION TECHNIQUES A THESIS IS SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF BACHELOR OF TECHNOLOGY IN MINING ENGINEERING By Manasa Chandra Moharaj (110MN0435) Yeshi Wangmo (110MN0440) Under the guidance of Prof. H. K. Naik Department of Mining …

Resource Estimation Methods | SpringerLink

Jul 13, 2016· The chapter reviews the non-geostatistical estimation methods, the most common of them, are polygonal, triangulation, cross-sectional and estimation by the panels (blocking). Another method which also described here is inverse distance weighting (IDW) technique.