Mineral Quiz 2 results1: Cuprite (89%)2: Psilomelane (83%)3. Magnetite (89%)4: Goethite (50%)5: Ilmenite (33%)6: Diaspore (61%)Bonus: Pyrrhotite (61%)Average: 78.9% Highest grade: 108%Quiz 1: Average: 60.4% Highest grade: 80%A: 8B: 1C: 3D: 5F: 2GY 302: Crystallography & MineralogyGY 302: Crystallography & MineralogyUNIVERSITY OF SOUTH ALABAMALecture 11: Ore AssessmentLecture 11: Ore AssessmentToday’s Agenda1.1.How do you assess the economic potential of an ore deposit How do you assess the economic potential of an ore deposit (preparation for Assignment 7)(preparation for Assignment 7)Ore AssessmentSay that one day you are out and about in the middle of no where and you get lucky .....http://www.travelpod.comOre AssessmentSay that one day you are out and about in the middle of no where and you get lucky .....GOLD!http://www.wildernessutah.com/learn/http://www.travelpod.comOre Assessmenthttp://www.assaying.org/If you were an economic geologist, you would more likely get lucky this way .....http://www.arizonagoldprospectors.comOre AssessmentNow what?Ore AssessmentJob 1: Stake your claimhttp://www.kshs.org/cool3/reader.htmOre AssessmentJob 1: Stake your claimPlacer ClaimLoad Claimhttp://www.gemologistsam.net/how-to-file-a-gold-mining-claim/Ore Assessmenthttp://www.nsuperior.comBig Company’s (Majors) Claim Large AreasOre AssessmentJob 2: Assess the quality your claim; sample across the sitehttp://www.wildernessutah.com/learn/gold-prospecting.htmlhttp://www.proactiveinvestors.com/Ore Assessmenthttp://www.alibaba.comhttp://http://www.proactiveinvestors.comwww.proactiveinvestors.com//Ore Assessmenthttp://www.assaying.org/Job 3: Assess the quality your claim; assaying of samplesOre Assessmenthttp://www.historycooperative.org/journals/sia/29.2/white.htmlDetail of an assay map of the Sheriff Mine, c. 1939, showing variations in vein thick-ness and ore values. Note the occurrence of arsenopyrite, identified as "Arsen Ore" (map center), where gold values ranged from $4,354 to $10,150 per ton. One small square represents one foot. AsaBaldwin, "Assay Map, Sheriff Claims"Job 4: Map out assay data across your claim; delineate economic zones for development (historical example).Ore Assessmenthttp://bcdresources.com.au/tasmania-mine/explorationJob 4: Map out assay data across your claim;delineate economic zones for development (modern example)Ore AssessmentJob 6: Develop the mineAn aerial view of the Oxiana open pit mine at Prominent Hill, in Australia due to go into production in 2008. http://www.abc.net.au/news/stories/2008/02/20/2167577.htmOre AssessmentJob 7: Keep looking for new economic ore zoneshttp://technology.infomine.comOre AssessmentThings to consider before you commit to developing an economic property:Ore AssessmentThings to consider before you commit to developing an economic property:•is it actually economic at current and anticipated commodity prices?Ore AssessmentThings to consider before you commit to developing an economic property:•is it actually economic at current and anticipated commodity prices?•are your development costs going to overwhelm profits?Ore AssessmentThings to consider before you commit to developing an economic property:•is it actually economic at current and anticipated commodity prices?•are your development costs going to overwhelm profits?•are your production costs going to kill profits?Ore AssessmentThings to consider before you commit to developing an economic property:•is it actually economic at current and anticipated commodity prices?•are your development costs going to overwhelm profits?•are your production costs going to kill profits?•who can you get to partner up financially in developing the property?Ore AssessmentThings to consider before you commit to developing an economic property:•is it actually economic at current and anticipated commodity prices?•are your development costs going to overwhelm profits?•are your production costs going to kill profits?•who can you get to partner up financially in developing the property?•how long will the mine lastOre AssessmentThings to consider before you commit to developing an economic property:•is it actually economic at current and anticipated commodity prices?•are your development costs going to overwhelm profits?•are your production costs going to kill profits?•who can you get to partner up financially in developing the property?•how long will the mine last•how will you pay for shutdown costs?Assignment 7Ore AssessmentAssignment 7Ore AssessmentAssignment 7Assignment