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By N. M. Stubina, P. J. Lind

Barrick Gold is in the process of building several new mines and implementing new processes at existing mines for which metallurgical technology is of key importance. The roles of the company's Strategic Technology Solutions team and the Barrick Technology Centre are discussed within the context of their responsibilities within Barrick's Operations Support group. The paper will present an overview of the development of the technology centre from the former Placer Dome Research Centre to its current form supporting strategic technology, capital projects, and operating sites. Novel approaches to research and development will be presented as well as an overview of some of the technologies developed from bench-scale to pilot-scale, and beyond.

Jan 1, 2011

By P. G. Thornhill

EARLY in 1951, Falconbridge undertook a research program aimed at the development of a sulphate roasting process for the recovery of the non-ferrous rnetals from the nickeliferous pyrrhotite fraction of Falconbridge ore, in order to reduce the tonnage of iron entering the srnelter. Such a method, it was hoped, would permit a high recovery of the nickel from pyrrhotite otherwise entering the smelter feed, thus not only raising the grade of the latter and reducing its iron content, but also providing an iron oxide residue useful as a source of by-product iron ore. At an early stage in the exploratory laboratory test work it was found that the degree to which the nickel could be solubilized by the sulphating roasting treatment was limited by particle size and the ex-tent to which the pyrrhotite concentrates were freed of the nickel occurring as physically separable pentlandite, a mineral relatively difficult to roast. ( 1) Thus the program

Jan 1, 1961

By John T. Ling

"This paper describes the operation of a rope haulage used as the main system of transportation in an underground coal mine. Prince Colliery, which is operated by the Cape Breton Development Corporation, has been in operation for 23 years and produces 1.2 million tonnes of coal annually. The mine extends a distance of 8000 metres under the Atlantic Ocean. All personnel and supplies are transported by means of an endless rope haulage system consisting of a train of rail cars that are operated by an electric engine on surface. The wire rope is 15 km long and weighs 63 tonnes. The system is believed to be the longest of its type used in an underground coal mine. The design of the system, safety features of the haulage, and problems encountered during the design and construction are described. IntroductionCoal has been mined commercially in Cape Breton, Nova Scotia since the 1800s. Several coal seams that are part of the Sydney coal fields, dip toward the north and northeast out under the Atlantic Ocean at angles between -4 and -15 degrees. Coal has been economically mined at depth in excess of 1200 m and more than 11 km from the coastline.Traditionally, single and double drum hoists have been used to haul the coal to the surface and also for transporting the workers and the materials required for mining up to 8 km. With the introduction of mechanized mining methods in the late 1960s, conveyor belts began to replace rope hoists for coal transportation. Improvements in hoisting system design also allowed for drums that could wind up to 6100 m of 32 mm wire rope in 15 layers.These hoists are commonly referred to as “drop hoists” because they take advantage of the gradient of the slope to assist in allowing the mine car train to reach the end of travel. The cars travel on steel rails and the rope is guided by rollers to reduce friction in the system."

Jan 1, 1999

By X. S. Fan, T. R. Feng, D. Chen

To meet the flotation process requirements, the large-scale flotation cell must be designed for sufficient pulp mixing, reasonable air dispersion and solid suspension, which is very difficult to design for super large-scale flotation cell. Hence, the flotation cell scale-up and optimization for a short period is a challenge for super large-scale flotation cell design. Computational fluid dynamics simulation has been applied in flotation cell study, which is effective, timesaving and low cost in the study of the flow field distribution for super large-scale flotation cell. This paper demonstrates the flow field characteristics in the 600m3 flotation cell by CFD. The flotation cell model is meshed with hexahedral grid and the high mesh quality assures the computational precision. MRF model, namely a steady-state approximation, ensures that individual cell zones can be assigned different rotational speed. Euler-Euler approach is chosen for multiphase flow simulation to treat different phases as interpenetrating continua. Numerical simulation of single phase, two-phase and three-phase are investigated respectively. Results suggested that the flotation cell has the apparent upper and lower flow circulation. In condition of the impeller rotation, the air is dispersed reasonably. In addition, the solid phase volume concentration distribution in the cell has a little difference.

Jan 1, 2015

By D. T. White

"Metallurgical extraction processes often call for the heating of aqueous slurries. Indirect heat exchangers are generally not feasible for service with high yield stress slurries because of low heat transfer rates. It is more appropriate to heat the slurry by direct contact, typically with steam as the heating medium. Although having a long and successful history, direct-contact heat transfer to aqueous slurries has been used without the support of pilot plant research. This paper provides results of the needed research, the work being done at a scale large enough to enable direct scale up to commercial operations. A pilot plant heater was constructed and tested to develop an understanding of the slurry heating process and to ensure that commercial scale heaters were appropriately sized.INTRODUCTIONPressure Leaching OperationsPressure leaching operations are often used to oxidise sulphide gold ores, or for extraction of nickel and cobalt from laterite ores with sulphuric acid. Where there is sufficient sulphur available, the exothermic pressure oxidation reactions can be self sustaining at temperatures as high as 225 ºC, without having to preheat the feed slurry. At lower sulphur levels, slurry preheating is required. This is typically achieved by utilising the flash steam released from the slurry letdown stages and contacting this directly with cold incoming slurry ahead of the autoclave. The vessels where this slurry-steam contact is made are known as heaters or condensers, with the number of pre-heat stages varying, depending on how much heat is evolved in the oxidation reaction (Mason, 1990).In nickel laterite pressure acid leaching processes, which operate between 245 and 270 ºC, the only significant exothermic reactions are those associated with dilution of sulphuric acid in the leach. As a consequence, slurry preheating with flash steam is always used commercially. In practice the number of flash steam preheating stages required varies from 1 to 3, driven by a number of factors, including other uses for flash steam and the upper temperature limit at which preheated slurry can be pumped. A diagram of a typical pressure acid leach train is shown in Figure 1.For pressure acid leaching operations and at low sulphur levels in pressure oxidation, boiler generated direct steam addition to the autoclave is required to sustain the reaction temperature. For this reason it is imperative that the flash steam – slurry heat transfer is efficient and the slurry temperature approaches that of the flash steam closely."

Jan 1, 2012

By A. Mazhary

"Although sensor-based ore sorting has gained significant attention recently, sorting gold deposits still face a high level of skepticism by gold mining companies. In order to shed some light on the matter, this article looks at two different gold deposits that were examined using X-ray Fluorescence, Electromagnetic and X-ray Transmission sensors. The heterogeneity of each sample is measured based on the assay results of each particle and is related to its sortability. Multivariate linear regression analysis was also performed on the XRF results to find potential proxy elements for detecting gold. The results from these deposits were varied and each sample showed different levels of sortability. While both X-ray sensors proved efficient for different deposits, the electromagnetic sensor failed to produce any promising results. Despite unsatisfactory result for one sample, this technology can have significant advantages in terms of lowering the operational costs and improving head grades and recoveries providing that the deposit is amenable to such separation methods. Therefore, it is important to mention that sensor-based ore sorting is ore and sensor dependent, and as a result, it cannot be applied and be beneficial to all deposits. Therefore, amenability tests are required in order to examine the potential for sensor-based ore sorting before one can reject the idea.INTRODUCTION Although sensor-based ore sorting has gained significant attention recently, sorting gold deposits still face a high level of skepticism by gold mining companies. Except for a few cases presented previously, no new case studies have been published. Previously, mines such as Kloof Gold Mine in South Africa used an optical sorter to sort their waste stockpile in 2003–2004 (Von Ketelhodt, 2009) and then again in 2009 (Von Ketelhodt, Falcon, & Falcon, 2011). More recently, Coeur Operations utilized an XRT sorter for their Kensington Mine in Alaska (Lasley, 2014) and also Anglo-American Platinum used an XRF sorter to pre-concentrate Platinum Group Metals through an algorithm that used chrome, copper and nickel as proxies (Rule, Fouchee, & Swart, 2015)."

Jan 1, 2017

By Henrik Saxén, Mikko Helle, Hamid Ghanbari

In this study, a process integration approach in a primary steelmaking is investigated to evaluate future operation concepts of a steelmaking site considering sustainability issues. Mathematical programming is used to study the integration of the steel plant with chemical units for utilization of available off-gases in the system, and carbon capturing and sequestration unit. Different industrial carbon utilization options are considered to find the best route of development. A multi-period optimization model is developed based on site-wide mass and energy balances by considering the availability of the fuels and by-product gases and their consumption in the production system and a conceptual polygeneration system. The objective is to reach maximum economic profit while environmental aspects of integrated system are considered for different fuel systems, alternative blast furnace reductants and implementation of new process technologies. The model can provide useful information concerning techno-environmental and economic aspects for decision-making and can estimate optimal operational condition of current and future primary steelmaking under alternative scenarios. The results of the work illustrate the potential to develop steelmaking towards more sustainable operation in the future.

Jan 1, 2015

By Y. Héroux, A. Chagnon, M. M. Savard

"Résumé- Le gîte de Pb-Zn de Gays River s'accompagne d'anomalies des propriétés de la matière organique (MO) et des assemblages de minéraux d'argile (AMA). L'association entre la minéralisation, la distribution de la réflectance de la MO et des AMA suggère que ces traceurs peuvent servir à l'exploration des sulfures de métaux de base dans cette région.A l'emplacement du gîte, la réflectance varie considérablement (0,80% à 1,88%), pouvant même afficher une baisse avec l'enfouissement, ce qui est interprété comme une altération chimique de la MO. Les valeurs les plus élevées s'accompagnent localement de quelques textures en mosaïque et délimitent une anomalie thermique au centre sud de la région. Parmi les minéraux des argiles identifiés, l'illite et la chlorite sont terrigènes alors que la smectite, la kaolinite et la corrensite sont authigènes et, à l'instar de l'altération de la MO, résultent des nouveaux équilibres chimiques créés suite à la précipitation des sulfures.Abstract- The Gays River Pb-Zn ore deposit is associated with anomalies defined from the characters of the organic matter (OM) and from the clay minerals assemblages. The relationships be­ tween these anomalies and the mineralization at the mine suggest that these parameters can be used as new guides for the exploration for base-metal sulfides in this area.The vitrinite reflectance (RJ shows a wide range of values (0.8% to 1.88%) and exhibits an anomalous suppressive effect with depth of burial at the mine site, suggesting a chemical alteration of the OM. The highest R, values are associated with mosaic textures and outline a thermal anomaly at the south-center of the studied area. Among the identified clay minerals, illite and chlorite are terrigenous, whereas smectite, kaolinite and corrensite are authigenous and, like the alteration of the OM, are due to the new chemical equilibria resulting from the precipitation of the sulfides."

Jan 1, 1994

By C. J. Edmonds, R. Bland, W. C. Ferguson, R. Whitehead

"In 1969, the Environmental Science Division of James F. MacLaren Limited received authorization from The International Nickel Company of Canada, Limited to carry out a water quality monitoring program in the Lake Shebandowan region of Ontario, where a new base metal mining and milling complex was expected to go into operation in 1972. The objective of the program is to establish base-line water quality characteristics. Fully realizing their corporate responsibility to minimize the effects of the proposed activities on the environment, Inco decided that it would be desirable to establish a program by which any change in the quality of environmental waters will be detected before detrimental conditions ensue, permitting prompt corrective measures to be taken. The program has been in progress for over two years. The waters are sampled and analyzed four to six times per year. Sampling stations are located in Lake Shebandowan and on the adjacent Gold Creek - Matawin River system. On-site analyses and measurements are made of flow, dissolved oxygen, temperature and pH. Samples also are collected for later analysis in the laboratory. These samples are analyzed for a wide range of chemical and biological characteristics. The paper discusses the extent of the sampling program, the techniques utilized and the value of such programs in maintaining the quality of the environment."

Jan 1, 1973

By Mostafa Benzaazoua, Emilie Ré, Raphaël Mermillod-Blondin, Hassan Bouzahzah, Jean-François Wilhelmy, University of Québec in Abitibi-Témiscamingue

"We analyzed two copper and lead flotation concentrates from the LaRonde mill using MLA technology (Mineral Liberation Analyzer) to identify the contaminants and to quantify their size and liberation. The MLA mineral quantification was compared with traditional mineralogical techniques (Scanning Electron Microscopy, Optical Microscopy, X-Ray Diffraction and Chemistry). The accuracy of MLA data was then quantify in application to metallurgical decision (mineral identification, mineral quantification, particle sizing and liberation quantification). We prepared five well-known materials from pure minerals and analysed them by MLA. MLA concentrates analyses showed the lead concentrate is mainly contaminated by pyrite and sphalerite. These minerals are liberated above 70 % and present a floatable size around 15 to 35 µm. Surface activation by dissolved lead from galena is therefore assumed for these contaminants. The analyses of the known samples show that mineral quantification and size distribution given by the MLA are consistent with the chemical analyses and the laser particle sizer. The liberation measurement is affected by the stereological effect. Modelling quantifies the overestimation of the particle liberation. Based on the modelling, the stereological shift on liberation should not impact metallurgical conclusions on the concentrate contaminations.INTRODUCTIONTo face the diversity of mineral processing challenges, the process mineralogy includes phase quantification, measurement of mineral size, liberation by exposure and by grade, association, surface contact proportion and texture. In the last decades, two SEM commercial tools emerged: MLA and QEMSCAN R. Both are based on specific combinations of backscattered electrons and X-ray images as well as image analysis routines developed at CANMET (Petruk & Pinard, 1976, Petruk, 1989), CSIRO (Frost, O'Hara, Suddaby, Grant, Reid, Wilson & Zuiderwyk, 1977, Reid, Gottlieb, MacDonald, & Miller, 1984) and JKMRC (Hall, 1977, Gu & Sugden, 1995). Recently, TIMA (TESCAN) and Mineralogic MiningR (ZEISS) supplied automated mineralogy for mining industry (Bouzahzah, Benzaazoua, Graham & Cropp, 2015, Gottlieb & Dosbaba, 2015a). In parallel, home-made routine were developped to resolve mineralogy challenges in mineral process but also in geometallurgy and mining environment (Kahn, Mano, & Tassinari, 2002, Knight, Klassen & Hunt, 2002, Mermillod-Blondin, Benzaazoua, Kongolo, de Donato, Bussiere & Marion, 2011, Hunt & Bradshaw, 2015). SEM mineralogy become essential to operation by setting units on mine sites (MacDonald, Latti, Adair, Bradshaw, & Dunn, 2011, Goergen et al., 2013, Dobbe et al., 2014, Gottlieb & Dosbaba, 2015b)."

Jan 1, 2016

By Jehan Rondot

Les bancs de quartzite inhabituellement purs et epais decouverts lors de la cartographie geologique de la region de Charlevoix sont maintenant entres au stade de !'exploitation et se revelent etre une richesse naturelle durable pour cette region. Les etudes stratigraphiques effectuees dans cette partie (Quebecia) du bouclier canadien indiquent que la succession: lo. complexe a amphibolite et leptynite a la base, 2o. quartzite et gneiss a sillimanite, muscovite et gneiss calcosilicate et conglomeratique au sommet est constante sur de grandes distances (de Charlevoix a la Basse Cote Nord) et represente une sedimentation continentale et de plateforme, peu epaisse, du proterozotque inferieur. La purete et la grande epaisseur du quartzite s'expliqueraient par un processus de sedimentation continentale complexe ou se succedent climat tropical-humide et glaciaire-aride et transport fluviatile et eolien. Parmi la multitude de depots de quartzite qui existent dans le monde, peu sont de qualite superieure. Or, de par sa composition chimique, le quartzite de La Galette se compare avantageusement a ceux des meilleurs gisements des Etats-U ni s, de l'Europe de l'Ouest et de I' Afrique du Sud. D'acces facile pour l'exploitation, les gisements ne sont qu'a une quarantaine de kilometres de Baie Saint-Paul ou de La Malbaie, sur le SaintLaurent. L'utilisation en metallurgie du quartzite de La Galette comprend la production de silicium, de ferro-silicium et d'autres alliages de silicium . La composition du quartzite est en outre appropriee pour la production de carbure de silicium et de silicate de sodium. Les fines peuvent etre utilisees pour la fabrication du verre et comme matiere de charge.

Jan 1, 1984

By M. O. Pekguleryuz, D. S. Aydin

The high temperature oxidation and ignition resistance of Mg-(0-6) wt% Nd alloys have been investigated via isothermal and continuous heating experiments conducted in air atmosphere. Alloy composition is observed to be effective in low levels (~ 0.5 %) in the ignition temperature (Ti) of the alloys; the Ti of pure Mg increased from 630 °C to 770 °C with 0.5 wt% Nd addition. However, no noteworthy improvement was achieved with further additions up to 6 wt% Nd. The initial microstructure was observed to determine the oxide structure on the surface due to the differing oxidation behavior of the phases (a-Mg + Mg12Nd intermetallics). It has been found that the formation of a Nd-depleted region at the subsurface due to extensive Nd oxidation at the oxide/intermetallic interface lowers the protective ability of the oxide scale.

Jan 1, 2015

By D. T. Pritchard

"Introduction""No accounting system is very good, and all of them are infinitely variable*.”The purpose of this chapter is to discuss those facets of a typical accounting system which are most commonly encountered by operating managers in mineral processing plants. However, before concentrating in any detail on these it is important to understand the broad purposes and basic techniques of any accounting system in any major business.The three broad purposes of an Accounting System are:- Administering, controlling, and recording the flow of cash in and out of the business. Cash is, of course, converted into other assets (or stores of value) such as inventory, plant and equipment, etc. These assets also have to be administered, controlled and recorded.- Internal reporting to Management for information, for control, and for use in making business plans and decisions. - External reporting to stockholders, government, lenders and other outside parties.In this chapter we shall organize our discussion of accounting practice in mineral processing plants around these three purposes of accounting and focus in some detail on specific practices and techniques with which operating personnel will be routinely involved. This chapter is divided into the following: Accounting Basics; Administration, Control and Recording of Cash Flows; Internal Reporting; Planning and Budgeting; Cost Control; and External Reporting."

Jan 1, 1989

By Jaeheon Lee, Junmo Ahn, Isabel F. Barton

"Newmont’s Mike prospect, currently undeveloped, is a blind Cu-Au(-Zn) deposit on the Carlin Trend, containing >8.5 M oz. Au, 1027 M lbs. Cu, and 809 M lbs. Zn as Carlin-type gold and polymetallic Cu-Zn minerals in Paleozoic lower-plate carbonates and shales. This project was undertaken 1) to examine the effectiveness of different lixiviants for leaching the Mike supergene Cu-Au ores via bottle roll tests, and 2) to determine what ore minerals resist dissolution in each leaching agent by comparing the mineralogy and chemistry of head and tail samples. Sulfuric and sulfurous acids were used to leach copper and cyanide was used to leach gold. Thiourea, glycine, and other lixiviants were used to leach both base metals and precious metal. QEMSCAN and SEM study of six samples of different ore types and grades indicate that the Au occurs as varieties of native gold, including auricupride and electrum. Major Cu minerals are native Cu, cuprite, malachite, chrysocolla, and conichalcite (Ca-Cu arsenate), with locally significant Cu in jarosite and goethite. Gangue mineralogy is dominated by quartz, sericite, chlorite, alunite, smectite and kaolinite, K-feldspar, and iron oxides (sensu lato). Results of bottle roll tests and leach residue mineralogy will be presented and discussed at the conference.INTRODUCTION Resource and Geologic Setting The Mike deposit is a large, blind Cu-Au(-Zn) deposit in the Maggie Creek district of the Carlin Trend of Nevada, USA, near the Gold Quarry mine (Figure 1). The mineral inventory, based on drilling, is 8.568 Moz. Au, 1027 M lbs. Cu, and 809 M lbs. Zn at average grades of 0.72 g/t Au, 0.34 wt% Cu, and 2.13 wt% Zn (inventory for a cone at $400/oz Au and $0.80/lb Cu by Norby and Orobona, 2002)."

Jan 1, 2017

By Ronald B. DeDiemar

This paper will present the intrinsic factors of a cone crusher that affect performance, develop and define an ideal feed gradation for a cone crusher and, finally, bring out an important new development in computer design of crushing chambers and show an ability to predict crusher performance without trial-and-error methods.

Jan 1, 1979

By M. Holmes, R. Molnar, E. Norton, K. Baxter, J. Riordan

The Boleo Copper-Cobalt-Zinc-Manganese Project of Baja Mining Corp. is situated adjacent to Santa Rosalia on the Baja Peninsula of Mexico. The El Boleo ore is a mixed oxide-sulfide deposit with major values in copper, cobalt, zinc and manganese. The metallurgical process designed to treat the El Boleo orebody involves a sulfuric acid leach in seawater using oxidative and then reductive leaching to maximize metal extraction. The leach solution is separated from the barren solids via counter current washing through a series of high rate thickeners. Copper is recovered using conventional SX-EW processing as cathode. Zinc and cobalt are extracted from the copper SX raffinate after iron and aluminum precipitation. The CSIRO DSX solvent system (Versatic® 10 and LIX® 63 mixture) are used in this extraction. Manganese remains in the DSX raffinate and is recovered by soda ash addition as a high quality manganese carbonate precipitate. Zinc and cobalt are acid stripped from the loaded DSX solvent. Zinc is then re-extracted away from cobalt using Cyanex® 272 extractant and stripped into a highly concentrated strip liquor (+100 g/L Zn) and directed to either a spray dryer or a granulator for production of zinc sulfate monohydrate. The zinc solvent extraction raffinate, containing cobalt, advances to another SX circuit using Cyanex® 272, for the recovery of cobalt as cobalt cathode. In this paper, the detailed results from bench and integrated pilot plant testing for zinc recovery from the El Boleo ore will be described. The results of this testing are currently being used to engineer the commercial plant at El Boleo.

Jan 1, 2008

By A. A. Millar

THE output of coal from the Province of Alberta reached its peak; in the year 1928, when 7,334,179 tons were produced. Following this, a steady decline was recorded, and in 1930 a low mark of 4,564, 290 tons was made. Since that time, however, the tendency has been upward, and this year (1937) 5,551,682 tons were produced, compared with 5,696, 375 tons in 1936 and 5,462,973 tons in 1935. The value of the output in 1937 was $14,434,969, against $14, 720,004 in 1936. The coals of Alberta have been classed under three heads, viz., domestic, sub-bituminous, and bituminous The domestic (or lignite) and the sub-bituminous coals are used chiefly for domestic purposes, with the possible exception of the smaller sizes and the output of the two stripping pits at Stereo and Coal Valley The bituminous output is used mainly by the railways, for locomotive purposes, which, in 1937, accounted for 80.6 per? cenr of the total sales of bituminous coal. A fair proportion is sold for stationary engine and steam purposes and, in 1937, 25,000 tons were used in making briquettes at plants operated by the Canmore Coal Company, Limited, and Brazeau Collieries, Limited. The International Coal & Coke Company, Limited, used 99,500 tons in their plant at Coleman, for making coke. The bulk of the 66,000 tons of coke produced was sold for use at the smelter at Trail, B.C.

Jan 1, 1938

By R. C. Rowe

DR. W. F. GRAY (Contributed discussion, presented at meeting by Mr. S. C. Mifilen): Mr. Rowe's suggestion that the Institute should organize itself to interpret the needs of the mining industry to federal and provincial mines departments should commend itself to our membership as sensible and practical, and as one which these public administrative bodies may welcome. One has to start with the premise that those who head the departments of mines in question have the welfare of the industry at heart. Also, it must be postulated that the technical viewpoint of our membership is necessarily free of political considerations. With these reservations, one ventures to state that both Mr. Rowe in his communication to the present session of the Institute, and Professor M. Y. Williams in his earlier communication to the Western Meeting, on The Geological Survey and Mining Development (1), voice the regret general among our membership at the abandonment of the honoured name, and to some extent of the status, of the Geological Survey of Canada. The writer, in 1932, devoted his Presidential Address to the Institute to an appreciation of the value to Canadian mining of the Geological Survey of Canada (2), affirming the desire of the Institute "that the work of the Survey shall be maintained at the highest pitch of efficiency the resources of our country will permit, because, to scrimp expenses on the Survey, is 'to save at the spigot and lose at the bunghole'." He believes that is still the opinion of the Institute, and, if contraction of the usefulness of the Survey is feared by our members at this time, it is incumbent upon the Institute, in fairness to those who direct our government, to say so in precise and explicit terms. Mr. Rowe puts the situation pithily when he writes: "We have reached a stage in our development where a stock-taking and co-ordination of existing knowledge and data is essential. This is a part of that basic function of Dominion mineral technical services which is national and not provincial in its scope".

Jan 1, 1939

By J. Shahabpour

"Many porphyry copper deposits of the Kerman copper province in central Iran are associated with a consistent structurally con-trolled main drainage pattern, which is shown in this paper to be a useful regional prospecting tool in the search for new deposits. The main drainage trends also generally allow the distiction of high-grade (>0.2% Cu) from low-grade (<0.2% Cu) deposits. Topographic maps1:50 000 or geologic maps 1:100 000 have been found suitable for identification of promising drainages.IntroductionTrends of the main drainage systems transecting the high-grade porphyry copper deposits of the Kerman Region in Iran coincide with Quaternary age regional faults and fractures. Observation of such drainage trends can expedite regional evaluation prior to field examination. Thirty deposits located in the Kerman Region (Fig. 1) have been studied to identify common features that can be used for exploration purposes, especially for the first stage of regional exploration. A variety of field criteria are available for subsequent rapid field checking prior to trenching and more costly methods such as drilling, etc.Characteristic geomorphic features have been considered as aids in mineral exploration by many authors (e.g., Faniran, 1971; Piotrovski and Lubkashov, 1976; Verstappen, 1983). Clark et al. (1967) indicated the relationship between geomorphology and the supergene enrichment of copper in Atacama Desert, Chile, and correlated three periods of supergene enrichment with three periods of pediment disection. Seeland (1978) used fluvial drainage patterns for uranium and hydrocarbon exploration in the Wind River basin, Wyoming. Postolenko and Konopleva (1973) used the reconstruction of ancient valley systems for exploration of gold placers"

Jan 1, 1996

By William E. Roscoe

"Mineral exploration properties are those on which an economically viable mineral deposit has not yet been discovered. Such properties are bought, sold, optioned and joint ventured on the basis of their perceived potential for the existence and discovery of a viable mineral deposit. The intrinsic value of an exploration property is therefore based on the exploration potential. One measure of the exploration potential is the amount that can be justified to spend on exploration for a viable deposit.The appraised value method uses a cost approach to value exploration properties. It is based on the premise that an exploration property is worth the meaningful past exploration expenditures plus warranted future costs to test remaining exploration potential. Results of past exploration work are analyzed in order to retain only those past expenditures that are productive in terms of identifying remaining potential. Warranted future costs comprise a reasonable exploration budget to test that potential.INTRODUCTIONThe purpose of this paper is to describe a cost approach to the valuation of mineral exploration properties and to provide some valuation examples. The particular cost approach described is the Appraised Value Method, which is best applied to mineral properties at the exploration stage.At present there are no comprehensive regulations or guidelines in Canada which specify what approaches and methods to use for the valuation of mineral properties. In this paper, the Appraised Value Method described is one method that the writer considers to be accepted industry practice for mineral properties at the exploration stage.Mineral properties are valued for a number of reasons, including mergers and acquisitions, non arm's length transactions, pricing of initial public offering of stock, support for property agreements, litigation, expropriation, and insurance claims."

Jan 1, 2003