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MINERAL DEPOSIT
Definition of Terms
Syngenetic ore ore formed as the same time as the host rock
All ores are mineral deposits but not all mineral deposits are ores.
Ore is the economic term and mineral deposit is the geologic term.
The trick is .a mineral deposit is formed as a result of one or more
geologic processes, but whether or not a given mineral deposit is an
ore is determined by how much humans are prepared to pay for its
content.
Role of Mineral Resources
In the 1980s, Philippines was in the top 10 countries in Au, Cu, Cr and Ni
production
Von Oppel (1749) distinguished discordant veins from concordant bedded deposits
Charpentier (1778, 1799) metals & minerals in the veins were the result of alteration
reactions between country rocks and water that had passed through them.
Gerhard (1781) veins are open fissures filled w/ minerals leached from the adjacent
country rock
History and Development of Ore Deposit
Certain ores found in & around igneous masses of particular composition, eg. Ni ores w/ norites and
peridotites, diss. Cu in monzonitic rocks, Sn in granite
Magmatic segregation & replacement ores at contact metamorphic zones of igneous intrusives were
theorized
Classification evolved to occurrence categories & no longer P-T conditions, eg. porphyry Cu,
VMS
Advances in fluid inclusion work, isotope and theoretical studies -hydrothermal fluids are brines
and not pure water, metals transported by Cl or S ions
Main principles
Transparency sufficient information, clear & unambiguous
presentation of data, not misleading to the readers of the Public
Report
Materiality Report contains all relevant info for the readers to
make reasoned & balanced judgement of the Public Report
Competence Public Report is based on work of Competent
Persons
Exploration Results data, information & reports generated by
exploration programmes that may be of use to investors &/or their
financial advisers
The locations are spaced closely enough to confirm geological and grade
continuity.
Ore Reserve - economically mineable part of a Measured and/or Indicated Mineral Resource
It includes diluting materials and allowances for losses, which may occur when the material is
mined
Appropriate assessments to a minimum of a pre-feasibility study have been carried out, and
include consideration of, and modification by, realistically assumed mining, metallurgical,
economic, marketing, legal, environmental, social and governmental factors
In the case of integrated mining operations, the pre-feasibility study will have determined an
ore treatment plan that is technically and commercially viable and from which the mineral
recovery factors are estimated. These assessments demonstrate at the time of reporting that
extraction could reasonably be justified
2 Categories in order of increasing confidence (1) Probable Ore Reserves & (2) Proved Ore
Reserves.
Probable Ore Reserve - the economically mineable part of an
Indicated, and in some circumstances, a Measured Mineral Resource
Includes diluting materials and allowances for losses which may occur
when the material is mined