RE: Paddy30 Oct 2020 15:08
Indicated Mineral Resource
The term "Indicated Mineral Resource" refers to that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.
Hi tigg - I believe it's the 'spacing' that is the reason for inferred at the moment. A lot more drilling required to move to indicated. I know of another project that has drilled a 50 x 50 grid for their inferred MRE but is now drilling a 25 x 25 grid to infill and move to indicted. Its all about the gaps!!