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Mineral Resource Estimate for the weathered and nonweathered portions of the PQ Zone of the Monoplane Feet Project Covering the farms: Schooner 786LR and Bellevue 808LR This Technical Report was prepared

How to fill out mineral resource estimate for

How to fill out mineral resource estimate for:

1. Gather relevant data: Start by collecting all necessary data related to the mineral resource, such as exploration results, geological information, and previous resource estimates. This data will serve as the foundation for your estimate.
2. Determine the estimation method: There are various methods to estimate mineral resources, including geological modeling, statistical analysis, and interpolation techniques. Choose the most suitable method based on the nature of the deposit and the available data.
3. Define the reporting standards: Familiarize yourself with the reporting standards specific to your jurisdiction or industry, such as the JORC Code or NI 43-101. Adhering to these standards ensures that your estimate is credible and consistent.
4. Perform geological modeling: Use geological data and interpretation to construct a 3D model of the ore deposit. This involves defining the boundaries of the mineralization, identifying different mineral domains, and assigning appropriate grades and tonnages to each domain.
5. Conduct grade estimation: Once the geological model is established, estimate the grade distribution within each mineral domain. This can be done using various techniques such as ordinary kriging, inverse distance weighting, or geostatistical simulations.
6. Assess the tonnage: Estimate the volume and tonnage of the mineralized material within each domain. This can be achieved by combining the geological model with density measurements and a determination of the mineralized structure's thickness.
7. Apply recovery factors: Consider factors such as metallurgical recovery, mining losses, and dilution to determine the estimated recoverable amount of the mineral resource. These factors account for the technical and economic feasibility of extracting the mineral.

Who needs mineral resource estimate for:

1. Mining companies: Mineral resource estimates are crucial for mining companies as they determine the economic viability and potential profitability of a mining project. Companies need this information to make informed decisions regarding investment, resource planning, and production optimization.
2. Investors: Investors, including institutional investors and individuals, rely on mineral resource estimates to assess the value and potential return on investment of mining projects. These estimates provide crucial information for evaluating the attractiveness and risk associated with investing in a particular mineral deposit.
3. Regulatory bodies: Government agencies and regulatory bodies require mineral resource estimates to ensure compliance with reporting standards and regulations. These estimates provide transparency and accountability, supporting the effective management and oversight of mineral resources.

In summary, filling out a mineral resource estimate involves gathering data, selecting appropriate estimation methods, adhering to reporting standards, performing geological modeling, estimating grades and tonnages, assessing recoverable amounts, and considering various factors. Mining companies, investors, and regulatory bodies are among the key stakeholders who require accurate and reliable mineral resource estimates for decision-making, investment evaluation, and regulatory compliance.

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