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- A known resource that can be
exploited for profit with available technology under
existing political and economic conditions.
- a. The quantity of mineral that is calculated to lie within given
boundaries. It is described as total (or gross), workable, or probable
working, depending on the application of certain arbitrary limits in
respect of deposit thickness, depth, quality, geological conditions, and
contemporary economic factors. Proved, probable, and possible reserves are
other terms used in general mining practice. BS, 7
b. Sampled ore, developed, blocked out, or exposed on not less than three
sides. See also: development sampling;
ore reserve;
probable ore;
workable. CTD
c. The amount of payable ore, developed and ready for extraction, or
blocked out ahead of immediate requirements. Weed, 2
Source:
Dictionary of Mining, Mineral, and Related Terms
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