Geology in the Resource and Reserve Estimation of Narrow Vein Deposits (24068380-2f24-4859-bdcb-121e9384d0fd)

Narrow veins are an important world-wide source of silver, tin, uranium and particularly gold. To potential ?nanciers, this style of mineralization is viewed as high risk because of the often relatively small resource involved and high cost of estimation. In many cases diamond core drilling will not enable resource estimation beyond the inferred and indicated categories. Exploratory under-ground development is required to de?ne measured resources. The de?nition of geological and grade continuity are major factors in narrow vein assessment. A measured resource must be based on strong geological and grade continuities. Narrow veins, generally less than 3 m wide, are complex geological phenomena, which commonly display unpredictable geometry and grade distribution. Variations in structural continuity, dip, strike, width, mineralogy and speci?c gravity are common. Veins may be composite, with ore-grade mineralization restricted to a speci?c structural domain. Branches, intersections and braided zones are common features. Potentially high-grade zones are often localized within ore shoots, which are surrounded by barren/low-grade regions. Resources must be determined as closely as possible to reality and re?ect the distribution of the commodity in the rock. Estimation has three main requirements: (1) geological study to determine orebody nature;(2) estimation of tonnage and grade, and (3) the presentation of this information using a classi?cation that is clear, unambiguous and bankable. Estimation methods employed are either classical or geostatistical; however, classical methods are often used because of the dif?culties in applying geo-statistics. Grades generally show a strong positively skewed distribution testifying the presence of high-grade values. Problems exist in the applicability of cutting outlier values risking over- or under-estimation of grade. It is generally believed that where resource estimates are in error, poor geological control is usually the cause. Overestimation can lead to the closure of a mine through lost revenue and capital. An understated estimate can result in an opportunity missed for pro?t and/or greater economies of scale. De?nition of reserves involves the consideration of economic and engineering data, to decide which part of the resource is economically mineable. Geology plays a similarly important role at this stage in the assessment of likely mining method, dilution, recovery etc. Throughout resource/reserve estimation, it is crucial that the amount and quality of the data and the geologist’s experience are relevant. The impact of geological understanding on estimation is often undervalued or assumed to be of lesser importance than ?nding grades and tonnages. This paper discusses the geology of narrow vein deposits and the importance of geology in their evaluation.