COMPARATIVE STUDY OF THE GEOSTATISTICAL ORE RESERVE ESTIMATION METHOD OVER THE CONVENTIONAL METHODS.

This paper describes the results of a comparative study of the geostatistical ore reserve estimation method over three conventional methods; the polygon method, the inverse of the distance squared (IDS) method, and ELIP which is similar to IDS. Each method was evaluated on its ability to accurately predict individual block grades for one bench of the Pima mine, located near Tucson, Ariz. Results at the Pima mine indicate that the geostatistical method is no better or worse in predicting block grades and total tonnage than the ELIP or IDS methods. In contrast, the polygon method is clearly inferior. All of the methods would have given better results if geology had been included in the block model. At already producing mines ELIP or IDS may be good choices since they involve substantially less cost in computer time. For prospective or new properties, the geostatistical model is more attractive, due to its ability to construct confidence limits on the estimates.