Maximum estimation error correlation between short and long-term production volumes

Errors associated with estimating the grade of an attribute of interest in a deposit can compromise planning, sequencing, and mineral beneficiation decisions. Several factors are associated with estimation errors. Among them, we can highlight the factors associated with sample spacing, the size of production volumes, and the variability of the attribute considered in the estimation. The access to estimation error can be obtained by some geostatistical methods, for example, by stochastic simulation. However, this is a process that in some situations is computer intensive and takes time. Previous works have proposed a simplified method to access the Maximum Estimation Error (MEE) associated with different types of grade variables, depending on the sample spacing, at small production volumes and considering specific coefficients of variation ranges. This paper presents an approach to assess the MEE associated with long-term volumes. Considering the methodology proposed, it is possible to approximate if a specific drilling pattern used in a deposit provides an acceptable pre-determined estimation error for Resource Classification. Results and considerations on the impact of the geometry of larger production volumes on the MEE calculation are also presented.