Mineral Economics and Mining Geology Flashcards
It has a hole diameter of 122.6 mm and core diameter of 85 mm
PQ
It has a hole diameter of 48 mm and core diameter of 27 mm
AQ
It has a hole diameter of 75.7 mm and core diameter of 47.6 mm
NQ
A map that can either be a topographic map or an aerial photograph of the area which orients the map user to the location of the details within the geologic map.
Base Map
What is the differences between large- and small-scale maps?
Large-scale - high ratio (ex. 1:1,000)
Small-scale - small ratio (ex. 1:1,000,000)
A type of drill that utilizes a helical drill that digs through the material and acts as a conveyor to remove the material.
Auger Drill
A type of drill that utilizes a helical drill that digs through the material and acts as a conveyor to remove the material.
Auger Drill
A method of drilling that uses a diamond drill bit used to cut through and recover core samples
Diamond-Core
A type of drilling that uses a dual-walled rod, which means it has an inner rod where the core cuttings pass through to be transported out.
Reverse-Circulation
A drilling method which employs the use of sharp, rotating drill bits to cut through the material.
Hydraulic Rotary
A method of shallow, lateral excavation that is usually best done with an overburden of less than 3 m.
Trenching
A method of vertically excavating from the surface or from one level to another in an underground mine.
Winzing
An RQD value of 60% is labelled as:
a. Poor
b. Fair
c. Good
d. Excellent
Fair
An RQD value of 40% is labelled as:
a. Poor
b. Fair
c. Good
d. Excellent
Poor
An RQD value of 85% is labelled as:
a. Poor
b. Fair
c. Good
d. Excellent
Good
What core sizes are not allowed for RQD?
AQ and BQ
A mechanical, surface mining method that involves creating a deep, wide pit, that’s supported by benches, for excavating shallow metal or nonmetal deposits.
Open Pit
A mechanical, surface mining method that involves creating a deep, wide pit, that’s supported by benches, for excavating shallow metal or nonmetal deposits.
Open Pit
A mechanical surface mining for dimension stones or aggregates which involves slicing large, vertical benches of the commodity.
Quarrying
A mechanical, surface mining often interchangeable with “strip mining” and is similar to ope-pit mining but for a more shallower deposits. Common for coal and nickel laterite deposits.
Open Cast
A mining method that involves stripping by following a specific contour of the deposits.
Contour
A mechanical surface mining method commonly used for extracting commodities from seams.
Auger
A non-mechanical method that utilizes manpower to sieve through the alluvial deposits for the ore.
Panning
An aqueous, surface mining method that utilizes the power of jet streams of water to break the orebody and retrieve the ore. It has been banned in some countries.
Hydraulicking
An aqueous surface mining method that extracts minerals along streams where the minerals have accumulated as unconsolidated alluvial deposits.
Placer
An aqueous surface mining that involves extracting minerals contained in sediments partly underwater or in shallow bodies of water using an excavator.
Dredging
An aqueous surface mining method that extracts minerals in situ by utilizing different solutions which can leach them out. Linked with uranium deposits.
In-situ leaching
An unsupported underground mining method that is one of the oldest methods, and is done by developing a grid, which are then used to self-support the system. For flat lying deposits.
Room and Pillar
An unsupported underground mining method that is similar to Room and Pillar having only the shape of the pillars left. Irregular spaces.
Stope and Pillar
An unsupported underground mining method where the ore is excavated horizontally and is progressively excavated upwards, while being extracted at the bottom through funnels.
Shrinking Stoping
An unsupported mining method that is done by creating patterned drillings through a steeply dipping ore body through stopes in sublevels and then blasted before collecting the broken ore.
Sublevel Stoping
An underground mining method in which the ore and surrounding waste rock are both blasted and allowed to cave as ore is extracted from lower sublevels. Commonly done in steeply dipping ore bodies and the operation is done in the footwall.
Sublevel Caving
A supported underground mining method where the ore is mined horizontally in levels progressing upwards and backfilled once the ore has been extracted and serves as the new platform for the upper level.
Cut and Fill Stoping
True or False. Waste rock is efficiently used as a backfill material in many mining methods.
True
An old, supported underground mining method that heavily relies on square set-timbering as support system for every square set of excavated parts of the ore body, which is eventually backfilled after one section is mined out.
Square Set Stoping
A caving underground mining of flat-lying, and relatively thin, tabular deposits, usually coal, where shearing machineries are used to extract coal as it travels back and forth across its coal face. As the shearers cross the coalface, moveable roof supports are installed to support the overlying strata
Longwall stoping
A caving underground method for hard rock that involves mining the ore body from under and allowing it to collapse on its own. It is considered as an underground analog of open-pit mining. The method utilizes funnels where the orebody is lead to for extraction.
Block Caving
Define Upstream, Midstream, and Downstream Industries
Upstream: Identification, Extraction, and Production of goods
Midstream: Transportation and Storage services
Downstream: Processing, Post-production, Bringing to consumers
Gross vs Net Income
Gross - Total income without accounting tax and royalties
Net - Total income accounting tax and royalties
A tax imposed by the government for the income generated the generally amounts to ____% of the net income.
Income tax; 32%
A tax imposed by the government for the production, sales and/or consumption generated that amounts to ___% of the gross sales.
Excise Tax; 4%
How many grams in 1 oz?
28.35 g
A mining company has two stockpiles of Nickel ore: A: 9000MT with 1.5% Nickel and B: 7000MT with 2.4% Nickel. Determine the total tonnage of ore needed if the buyer requires a minimum grade of 2.0% Nickel.
- Since Stockpile A did not meet the minimum requirements, “x” MT of it is used to dilute Stockpile B with to lower total grade and meet the minimum grade requirement.
(7000 × 0.024) + (x × 0.015) = ((x+7000)×0.02)
x = 5600 MT
Tonnage = 7000 MT (from B) + 5600 MT (from A)
Tonnage = 12600 MT at 2.0% Ni
Minimum amount of mineral deposits for it to be considered world class deposits
a. Gold
b. Silver
C. Copper
d. Zinc
e. Lead
a. Gold - 100 MT
b. Silver - 2,400 MT
C. Copper - 2,000,000 MT
d. Zinc - 1,700,000 MT
e. Lead - 1,000,000 MT
A group made up of representatives from various organizations that aim to standardize the code for reporting exploration, mineral resource and mineral reserve results. They are responsible for drafting JORC and PMRC.
Committee for Mineral Reserves International Reporting Standards (CRIRSCO)
A geometric resource estimation method that utilizes the area of a certain drillhole to estimate the grade for a specific depth and point.
Area of Influence method
A geometric resource estimation method best used for uneven drillhole spacing and estimates the area of Influence by extending it halfway through the distance from its neighboring drillholes, resulting in varying areas.
Polygon Method
Area of a rhombus
A = h((a+b)/2)
A geometric resource estimation method based on elevation of the area. It utilizes the area of a rhombus.
Contour Method
A geometric resource estimation method used for elongated, irregularly-shaped deposits, and is applicable when the vertical distance is greater than the horizontal distance of each drill hole.
Cross-Section Method
A geostatistical resource estimstion method that assigns a value to a block based on nearest available data to the centroid of a block.
Nearest Neighbor Method
A geostatistical resource estimation method based on the empirical observation that the bearing of each sample is proportional to an inverse power of the distance from the location of the estimated point to the samples.
Inverse Distance Weighting Method
A geostatistical resource estimation method that applies the concepts of ellipsoid search radius derived from variograms plotted from data acquired from samples.
Ordinary Kriging Method
The following are Porphyry Cu-Au deposits except:
a. Taganito Mining Corp.
b. Dipidio Mine
c. Padcal Mine
d. Philex Mining Corp.
Taganito Mining Corp (Nickel)
Which of the following employs cut and fill stoping mining method?
a. Dipidio Mine
b. Apex Mining Co. Inc.
c. Co-O Mine
d. Lepanto Consolidated Mining Company
Apex Mining Co. Inc. (Cut and Fill) and Lepanto Consolidated Mining Company (Shrinkage Stoping and Cut and Fill)
Which of the following employs block caving mining method?
a. Co-O Mine
b. Silangan Mindanao Mining Co.
c. Philex Mining Corporation
d. Oceana Gold
Answer: Philex Mining Corporation
a. Co-O Mine (Shrinkage, Stope and Pillar)
b. Silangan Mindanao Mining Co. (Sublevel Caving)
d. Oceana Gold (Open-pit, Shrinkage)
A horizontal opening driven from the surface which give access to the orebody. It is not open at both ends unlike tunnels.
Adit
An alloy of mercury and other metals
Amalgam