Inferred resources definition
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 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
Inferred resources means in accordance with International Standards, the prospecting
Examples of Inferred resources in a sentence
A number of ▇▇▇▇▇▇▇ optimisations were completed on the April 2017 Mineral Resource model and included all Resource categories including Inferred resources.
This was considered an appropriate shell to constrain and report Inferred resources for the style of deposit and commodity under consideration.
The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
Inferred resources involve a great amount of uncertainty as to their existence and their economic and legal feasibility.
Inferred resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility.
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 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 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 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 “inferred mineral resources” within the meaning thereof as prescribed in the CIM Definition Standards.
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.