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Estimated Iron Resources in Mineralized Body 2 by Resource Block with the Dimensions, the Solid Geometrical Shapes Used in the Resource Calculations, and the Formulas Used to Calculate the Volumes (Modified from Kusov et al. 1965b)
Source publication
The Haji-Gak iron deposit of eastern Bamyan Province, eastern Afghanistan, was studied extensively and resource calculations were made in the 1960s by Afghan and Russian geologists. Recalculation of the resource estimates verifies the original estimates for categories A (in-place resources known in detail), B (in-place resources known in moderate d...
Citations
Mineral resources are classified based on the degree of geological knowledge of continuity and consideration of technoeconomic parameters. Several classification schemes have been proposed, all based more or less on the same principle. CRIRSCO published “International Reporting Template” in 2006 in context to minerals. It represents the most updated reporting standards that have wide recognition and global acceptance with reference to market-based reporting and business investment. With an undeniably globalized mining industry, the mineral resources of nations attracting potential political consideration and the effect that minerals have on the commercial, accounting and investing groups, there has been a requirement of common terminology for public reporting with global acceptance. It has become a necessity that all exploration companies are required to raise its own capital in several jurisdictions, few being independent of management of a mining company.
