Inferred resources means the estimated quantity and grade of a deposit, or a part thereof, that is determined on the basis of limited sampling, but for which there is sufficient geological information and a reasonable understanding of the continuity and distribution of metal values to outline a deposit of potential economic merit.
Inferred resources means in accordance with International Standards, the prospecting
Inferred resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under
Examples of Inferred resources in a sentence
Inferred resources encompass all additional material located outside the optimum range to which the data can reasonably be projected, but within the limits of mining.
Inferred resources are an additional 17 million tonnes at 0.01% copper, 0.31 g/t gold, and 1.93 g/t silver.
The Company considers the 0.8 g/t cut‐off value to be appropriate because: 1) the PdEq grade is 1.38 gpt for Measured and Indicated and 1.07 g/t for Inferred resources; and 2) Rh and Ag are not included in the PdEq calculation.
Inferred resources are an additional 1.7 billion tonnes at 0.14% copper, 0.16 g/t gold, 0.019% molybdenum, and 1.37 g/t silver.
Inferred resources are included in total estimated recoverable tonnes on a mine by mine basis if it is considered highly probable that those resources will be economically extracted.This change in accounting estimate will result in lower depreciation expense per tonne mined.
More Definitions of Inferred resources
Inferred resources means in accordance with International Standards, the prospecting based on site inferred resources of the Coal Mine as advised by the Technical Adviser.
Inferred resources. The remaining blocks in the high-grade zone which do not meet the criteria for measured or indicated resources. Internally, this is based on drill holes with a maximum spacing of 400 feet in the CX zone and up to 600 feet in the Range Front zone. On the peripheries of the deposit, which is not “closed” by drilling, the resource extends a maximum distance of 150 feet from a drill hole. The distribution of resources by class in the CX and Range Front zones is shown in Figures 17-38 and 17-39. Figure 17-38: CX Zone Resource Classification Figure 17-39: Range Front Zone Resource Classification
Inferred resources are to those terms as defined in the JORC Code.
Inferred resources as defined by reference to the JORC Code, that part of a Iron Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be limited or of uncertain quality and reliability. An Inferred Resource has a lower level of confidence than that applying to an Indicated Resource; “Infinite Sky” Infinite Sky Investments Limited, a company incorporated in the British Virgin Islands, a direct wholly-owned subsidiary of the Company;
Inferred resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant “reserves” as in-place tonnage and grade without reference to unit measures. The resource information contained in this press release is not comparable to similar information disclosed by U.S. companies. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.
Inferred resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or other economic studies. U.S. INVESTORS ARE CAUTIONED NOT TO ASSUME THAT ALL OR ANY PART OF AN INFERRED RESOURCE EXISTS, OR IS ECONOMICALLY OR LEGALLY MINEABLE. The following table presents inferred resources by property. Inferred resources for producing mines and development properties are generally estimated by Echo Bay. INFERRED RESOURCES(1) (thousands, except average grades) (at December 31)
Inferred resources means in accordance with International Standards, the prospecting based on site inferred resources over the Initial Mine Areas and/or the Further Mine Areas as the context requires or permits.