2. Modeling a Molybdenum Porphyry Using Geostatistical Methods - Introduction

Though most porphyry-molybdenum deposits lend themselves to various reserve estimating techniques, still there must exist the constant effort to not merely obtain an estimate but rather to obtain the best estimate. To answer the challenge of a complete ore reserve estimation, one must attack the problem with the purpose of obtaining the results closest to reality. What we wish to determine is simple: metric tons (short tons), grade, and kilograms (pounds) of molybdenum contained. In order to effectively accomplish this task, further consideration must be given to the ease of using the information obtained and its inherent reliability. The only known method for ore reserve estimation that supplies the needed results along with its distribution and a measure of confidence provided by sound mathematical backup is geostatistics. The following review is an example of geostatistical application of an ore reserve estimate at the AMAX Henderson mine demonstrating technique, viability, and usefulness of results.