Abstract

MARSHALL, T.R.. Exploration results, exploration targets, and mineralisation. J. S. Afr. Inst. Min. Metall. [online]. 2017, vol.117, n.12, pp.1121-1126. ISSN 2411-9717.  http://dx.doi.org/10.17159/2411-9717/2017/v117n12a5.

While the original intent of all of the international reporting codes was to regulate the Public Reporting of Mineral Resources and Mineral Reserves only, many jurisdictions have seen the need to provide guidance for the reporting of Exploration Targets, which are the lifeblood of junior exploration and mining companies and private operators alike. In harmony with this trend, the SAMREC Code 2016 has greatly expanded the issues surrounding Exploration Results and Exploration Targets and has also introduced the concept of Mineralisation. This document seeks to clarify the concepts and definitions and to assist in clearing misconceptions before they arise. A number of case-study examples are presented in order to illustrate the differences between Exploration Targets that are purely conceptual and those which may be identified as Mineralisation.

Keywords : Public Reporting; Resource classification; Exploration Results; Exploration Targets; Mineralisation.

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