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CORRELATION 2 REVIEWER > PMRC > Flashcards

PMRC Flashcards

1
Q

The following stands for?

PMDIF

A

Philippine Minerals Development Institute Foundation

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2
Q

The following stands for?

PMRC

A

Philippine Mineral Reporting Code

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3
Q

The following stands for?

MGB

A

Mines and Geosciences Bureau

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4
Q

The following stands for?

DENR

A

Department of Envireoment and Natural Resources

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5
Q

The following stands for?

PSE

A

Philippine Stock Exchange, Inc.

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6
Q

The following stands for?

COMP

A

Chamber of Mines of the Philippines

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7
Q

The following stands for?

PABC

A

Philippines-Australia Business Council

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8
Q

The following stands for?

BOI

A

Board of Investments

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9
Q

The following stands for?

DTI

A

Department of Trade and Industry

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10
Q

The following stands for?

PRC

A

Professional Regulation Commission’s

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11
Q

The following stands for?

PSEM

A

Philippine society of Mining Engineers

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12
Q

The following stands for?

SMEP

A

Society of Metalurgical Engineers of the Philippines

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13
Q

The following stands for?

GSP

A

Geological Society of the Philippines

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14
Q

JORC

A

Joint Ore

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15
Q

Provides the guidelines on the Reporting for all deposit types except petroleum and gas

A

Philippine Mineral Reporting Code

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16
Q

what are the 3 main principles of PMRC

A

Transparency
Competence
Materiality

17
Q

Report contains all relevant information for the readers to make reasoned and balance judgement of the Public Report

A

Materiality

18
Q

sufficient information, clear and unambiguous presentation of data, not misleading to the readers of the “public Report”

A

Transparency

19
Q

Public Report is based on work of competent persons

A

Competence

20
Q

The resposibility of a public company thru its Board of Directors and based on info and supporting documentations prepared by competent Person(s)

A

Public Report

21
Q

a member of PSEM, GSP or PSME, duly accredited by the professional organization to w/c he/she belongs or a ROPO included in the list promulgated as the need arises

A

Competent person

22
Q

A competent must a ____ years of experience on a certain deposit

A

5

23
Q

ROPO

A

Recognized Overseas Professional Organization

24
Q

data, information and reports generated by exploration programmes that maybe of use to investors and/or their financial advisers

A

Exploration report

25
Q

A concentration of materials of intrinsic economic interest in or on earth’s crust in such form, quality and quantity that there are reasonable prospect for eventual economic extraction

A

Mineral Resource

26
Q

3 categories in order of increasing geological confidence

A

Inferred, Indicated, Measured

27
Q

What are the 3 public reports

A

Exploration Results
Mineral Resource
Ore reserves

28
Q

8 modifying factors

A

Mining
Metallurgical
Economic
Governmental
Environmental
Social
Legal
Marketing

29
Q

tonnage, grade and mineral content can be estimated with a low level of confidence

A

Inferred Mineral Resource

30
Q

based on detailed and reliable exploration, sampling and testing information gathered through appropriate technique from locations such as outcrops trenches pits workings and drill holes.

A

Measured Mineral Resource

31
Q

based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be limited or of uncertain quality and realibility

A

Inferred Mineral Resource

32
Q

based on exploration, sampling and testing information gathered through appropriate techniques such as outcrops, trenches, pits workings and drill holes.

A

Indicated mineral Resource

33
Q

inferred from geological evidence, sampling and assumed but not verifies geological and/or grade continuity

A

Inferred Mineral Resource

34
Q

tonnage, density, shape, physical characterisitics, grade and mineral content can be estimated with HIgh level of confidence

A

Measured Mineral Resource

35
Q

tonnage, densities, shape physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence.

A

Indicated mineral Resource

36
Q

location are spaced closely enough to confirm geological and grade continuity

A

Measured Mineral Resource

37
Q

Locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed

A

Indicated mineral Resource

CORRELATION 2 REVIEWER (22 decks)

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