Geological and economic factors affecting ore reserve estimation and grade control in porphyry type deposits

Abstract

From introduction: The mining of porphyry type deposits accounts for about 50% of the world's present copper (Figs.I,2) and molybdenum production and resources. Mining organizations therefore invest substantial amounts of time, money and skills in the location and delineation of these types of deposit. The optimization of this investment effort is based on complex inter-relationships between geological, economic and political factors. The object of this dissertation is to review the geological and some of the economic aspects involved in the exploration and evaluation of porphyry deposits . These may hopefully provide some practical guidelines for decision making during the exploration and evaluation of such deposits. For the purpose of this dissertation, the exploration-evaluation of porphyry deposits, has been divided into three main stages:- Stage 1 : Geological mapping, interpretation of exploration drilling results and other geological factors which may help in understanding the shape and nature of the deposit. A knowledge of existing geological models for porphyry deposits will be essential in understanding the geological factors affecting tonnage and grade of these deposits Stage 2 Stage 3 (see Part I). Determination of grade-tonnage relationships. This is important in order to establish the different tonnage-grade alternatives for the deposit. Based on this, reserve estimations are calculated for different possible scales of mining. Drilling and sampling techniques, as well as statistical and preliminary economic evaluation methods are applied during this stage (see Part 2). Mine development and feasibility studies involve factors that influence type and scale of mining, and factors affecting mineral processing and extraction in relation to tonnage- grade alternatives. These factors are reviewed in Part 3.