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How to fill out geostatistical mineral resource estimation

01

Step 1: Collect geological data, such as drill hole samples, geophysical surveys, and geological maps.

02

Step 2: Analyze the collected data to identify any patterns or trends in the mineral deposits.

03

Step 3: Choose an appropriate geostatistical method, such as kriging or inverse distance weighting, based on the characteristics of the mineral deposit and available data.

04

Step 4: Prepare the data for interpolation by checking for outliers, transforming non-normal data, and selecting the appropriate variogram model.

05

Step 5: Perform the interpolation using the selected geostatistical method to estimate the mineral resource values at unsampled locations.

06

Step 6: Validate the estimation results by comparing them with additional data or by cross-validation techniques.

07

Step 7: Prepare a report documenting the entire process, including data collection, analysis, interpolation method applied, and estimation results.

Who needs geostatistical mineral resource estimation?

01

Mining companies that want to assess the potential of their mineral deposits and make informed decisions regarding their extraction and development strategies.

02

Government regulatory bodies that require accurate and reliable estimates of mineral resources for taxation, planning, and environmental purposes.

03

Investors and financial institutions that need reliable estimates of mineral resources to evaluate the economic viability of mining projects.

04

Geologists and geoscientists involved in the exploration and evaluation of mineral deposits who want to utilize advanced techniques to improve the accuracy of their resource estimates.

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