Reconnaissance Flashcards

1
Q

Selection of commodity

A

Planning stage

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2
Q

Type of deposit

A

Planning stage

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3
Q

Exploration methods

A

Planning stage

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4
Q

Setting up of an exploration organization

A

Planning stage

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5
Q

These phases cover the stages leading to the selection of an area for detailed ground work

A

Reconaissance

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6
Q

This is usually the point at which land is acquired

A

Recoinnaissance

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7
Q

The process of selecting drill targets within license blocks

A

Target selection / Drilling

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8
Q

The deposit is then at the stage of predevelopment followed by a feasibility study

A

Target selection / Drilling

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9
Q

Companies with a substantial capital base generated either from existing mineral production or from investors in stock markets.

A

Private Sectors

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10
Q

2 Private sectors

A

Major multinational mining companies
Junior company

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11
Q

Small venture capital companies with one or two geologists.

A

Junior company

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12
Q

Exploration by individual prospectors
has been an important factor in
countries with large unexplored areas
and liberal land tenure laws

A

Benefit of Government to Exploration

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13
Q

The role of a _____ usually includes some provision of information on mineral exploration to the government and the private sector.

A

geological survey

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14
Q

is the primary government agency under the DENR that is responsible for the sustainable exploration, development, utilization and conservation of all mineral resources in public and private lands within the territory and exclusive economic zone of the Republic of the Philippines

A

Mines and Geosciences Bureau (MGB)

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15
Q

The executive department of the Philippine Government responsible for preparing, integrating, manipulating, organizing, coordinating, supervising and controlling all plans, programs, projects and activities of the Government relative to energy exploration, development, utilization, distribution and conservation.

A

Department of Energy (DOE)

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16
Q

Mineral exploration is a long-term commitment and there must be careful planning of a company’s long- term objectives.

A

Exploration Planning

17
Q

This will depend on the areas of growth in demand.

A

Location of demand for products

18
Q

Price cycles should be estimated as far as possible and supply and demand forecast

A

Metal prices

19
Q

The choice of country for operation is important in an industry which has seen substantial nationalization

A

Host country factors

20
Q

Barriers to the entry of new producers are competition from existing producers and the need for capital to achieve economies of scale.

A

The structure of the mining industry