Measured Mineral Resources definition

Measured Mineral Resources means that part of a mineral resource for which quantity, grade or quality, densities, shape, physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.
Sample 1Sample 2Sample 3
Measured Mineral Resources means that part of a Mineral Resource for which quantity, grade (or quality), densities, shape and physical characteristics are estimated with confidence sufficient to allow the application of Modifying Factors to support detailed mine planning and final evaluation of the economic viability of the deposit. The nature, quality, amount and distribution of data are such as to leave no reasonable doubt that the tonnage and grade of mineralization can be estimated to within close limits and that any variations from the estimate would be unlikely to significantly affect potential economic viability. A Measured Mineral Resource may be converted to a proven Ore Reserve (or to a probable Ore Reserve where circumstances other than geological confidence suggest that a lower confidence level is appropriate).
Sample 1Sample 2Sample 3
Measured Mineral Resources means U3O8 resource based upon Strathmore’s standard area of influences for the resource calculations which is square with sides fifty (50) feet from the data point.
Sample 1Sample 2

Examples of Measured Mineral Resources in a sentence

  • Readers are cautioned not to assume that all or any part of Measured Mineral Resources or Indicated Mineral Resources will ever be converted into Mineral Reserves.

  • It is reasonable to expect that a significant portion of the Inferred Mineral Resources will be upgraded to Indicated Mineral Resources and Measured Mineral Resources as exploration programs are undertaken in the North Expansion Block and South Block.

  • Issues with the confidence in the Modifying Factors could mean that some Measured Mineral Resources may not be converted to a Proven Mineral Reserve.

  • In certain situations, Measured Mineral Resources could convert to Probable Mineral Reserves rather than to Proven Mineral Reserves because of uncertainties associated with Modifying Factors which are taken into account in the conversion from Mineral Resources to Mineral Reserves.

  • Measured Mineral Resources may convert to either Proved Mineral Reserves or Probable Mineral Reserves.

  • Measured Mineral Resources were converted to Proven Mineral Reserves, and Indicated Mineral Resources were converted to Probable Mineral Reserves.

  • Mineralization at Bunker Hill has been categorized as Inferred Mineral Resources, Indicated Mineral Resources and Measured Mineral Resources, based upon increasing levels of confidence in various physical characteristics of the deposit.

  • Mineral Reserves, which are a modified sub-set of the Indicated and Measured Mineral Resources, require consideration of those factors affecting extraction, including mining, metallurgical, economic, marketing, legal, environmental, infrastructure, social and governmental factors, and should in most cases be estimated with input from a range of disciplines.

  • Grade estimates were classified using the following SSR Mining guidelines: • Indicated Mineral Resource should be quantified within relative ±15% with 90% confidence on an annual basis, and • Measured Mineral Resources should be known within ±15% with 90% confidence on a quarterly basis.

  • On September 19, 2016, Judge Nowlin transferred the case to United States District Judge Robert Pitman.


More Definitions of Measured Mineral Resources

Measured Mineral Resources and “Indicated Mineral Resources” as such terms are defined in the CIM Definition Standards.
Sample 1
Measured Mineral Resources shall have the meaning set out by the Securities Exchange Commission of the United States in Subpart 1300 (Disclosure by Registrants Engaged in Mining Operations) of Xxxxxxxxxx X-X, 00 C.F.R. § 1300.
Sample 1
Measured Mineral Resources means that part of a Mineral Resource for which quantity, grade (or quality), densities, shape and physical characteristics are estimated with confidence sufficient to
Sample 1

Related to Measured Mineral Resources

  • Mineral Resource means a concentration or occurrence of diamonds, natural solid inorganic material, or fossilized organic material including base and precious metals, coal, diamonds or industrial minerals in or on the earth’s crust in such form and quantity and of such grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge;

  • Geothermal energy means energy contained in heat that continuously flows outward from the earth that is used as the sole source of energy to produce electricity.

  • Mine means to carry on an operation with a view to, or for the purpose of—

  • Natural Gas or “Gas” means wet gas, dry gas, all other gaseous hydrocarbons, and all substances contained therein, including sulphur and helium, which are produced from oil or gas xxxxx, excluding those condensed or extracted liquid hydrocarbons that are liquid at normal temperature and pressure conditions, and including the residue Gas remaining after the condensation or extraction of liquid hydrocarbons from Gas such that any Gas sold under this Agreement shall be of the quality as indicated in Clause 7.

  • waste water means used water containing substances or objects that is subject to regulation by national law.