From Drill Hole To Total Estimate, A Workable Geostatistical Case Study

The concepts of ore reserve estimation at the Henderson mine are reviewed presenting a geostatistical approach and procedure as applied. Specific problems encountered are recapped and explained as to the nature and resolution thereof. The methodology and results are shown, along with an approximation of computer usage and capacities needed. The scope of the paper is to set forth an example of actual application, usage, and benefits realized from such a procedure. Local Conditions The Henderson molybdenite deposit is located in central Colorado about 69 kilometers west of Denver. The geology consists of a classic subvolcanic ryolite porphyry sequence with quartz-molybdenite mineralization occurring in an extensively fractured granite stock complex. Being assymetric and bilobate in section, the orebody measures approximately 300 meters thick and 600 meters by 1200 meters in plan. The orebody is sampled by means of underground drill holes which create an east-west fan pattern spaced roughly 60 meters apart in the north-south direction. Approximately 27,000 meters of drill hole assayed on 3.04-meter intervals were available for analysis. Recovery on the core is about 95 to 100 percent, thereby affording us with reliable data all prepared to the same standards.