Mineral Resources — In Situ Quantities Sample Clauses

Mineral Resources — In Situ Quantities. The Saindak Cu-Au deposit is a hydrothermally altered porphyry type deposit with medium to low grade Cu and Au with minor Silver (Ag). A resource estimate for this project has been carried out in 2 main phases and only includes the South Orebody. A geological model was prepared in proprietary 3D mining software (Orpheus, ENFI- DEPOSMODEL v.4.0 in 1991). This model included geological rock types, alteration zones with grade estimated for Cu and Au using Kriging. It formed the basis for the 1991 Basic Design Report by ENFI. ENFI subsequently updated this resource using Datamine software in 2004, see Figure 6.3. This Kriged model used the same drill data as in 1991 but accounted for mining depletion as at December 2004. M-MC has validated this estimate for estimation errors and against the underlying drill data and considers the estimate to be a good representation of the mineralisation and grade within the South Orebody. The total identified In Situ Quantities reported in 1991 was 96Mt at 0.41% Cu and 0.44g/t Au (cog 0.25% Cu). M-MC has updated this estimate using the 2004 Datamine model provided by MCC to reflect the current mine depletion. M-MC has reported the Resource in compliance with the recommendations in the Australasian Code for Reporting of Mineral Resources and Ore Reserves (2004) by the Joint Ore Reserves Committee (JORC). The M-MC estimate of Mineral Resources remaining as at December 2008 is summarised in Table 6.8. Resource classifications applied to the 2004 Datamine model by XXXX were applied to the blocks based on kriging variance and distance from the drillhole. Due to the good distribution of drilling and continuity of mineralisation M-MC considers this classification appropriate. Table 6.8 — Saindak Copper Gold — (South Orebody) M-MC Estimated Mineral Resources, as at December 2008 Tonnes Average Grade (cog H0.25% Cu) JORC Category Mt Cu % Au g/t Measured . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.6 0.51 0.49 Indicated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.8 0.46 0.45 Inferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.6 0.44 0.44 Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.9 0.47 0.46 Source: M-MC estimated based on the, Datamine 2004 Resource Model by ENFI. Notes: M-...
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Mineral Resources — In Situ Quantities. The Duddar deposit is a stratiform sulphide deposit with high grade Pb and Zn. Mineral Resource estimates for this project have been carried out in 5 main phases as drilling and understanding progressed from 1994 to 2005. The latest estimate was carried out in 2005 by ENFI using all available drilling information. This resource estimated Zn and Pb grades and formed the basis for the ENFI 2005 Basic Design Report. M-MC has reviewed this estimate and makes the following comments. k The geological interpretation is consistent with the logging and understanding of the deposit. k Geological wireframes were constructed for faults and geological stratigraphic units within the deposit. k Resource wireframes have been constructed in accordance with a H7% (Zn+Pb) Cut-off grade and honour the fault and geological wireframes. Wireframes not being snapped to drill holes has lead to slight misappropriation of grades inside the composite files.
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