Multi-Metal Recoverable Reserve Estimates and Whittle Pit Optimization of Mill and Heap Leachable Grade Ores at the Mccoy Black Cove Mine, Nevada

"The McCoy/Cove mine, located in Eureka-Battle Mountain trend of Nevada, is a gold and silver deposit. Case studies of recoverable reserve estimation for gold and silver were made using multiple indicator kriging and volume variance correction. The grade tonnage distributions of recoverable reserves were constructed and compared with the distributions defined by blast hole assays. Optimal pits were generated by Whittle 4D pit optimization package to analyze the impact of different processing recoveries at different economic cutoffs. The results were compared with ordinary kriging. The study indicates that the proposed method for multi-mineral recoverable reserve estimation is more accurate than kriging in tenns of grade and tonnage. The method of using recoverable reserves for pit optimization will maximize global reserve recovery and revenue, and is more efficient than condition simulation regarding computing power.ABSTRACT ONLY"