Estimation of exploration potential of a metallogenic unit by parametric modeling of the distribution of mineral occurrences when exploration is incomplete. Case study: Walker Lake quadrangle of Nevada and California

Analysis of the distribution of ore-bodies in space can be useful generally in the estimation of mineral resources or the management of exploration. This study is directed to analysis of the undiscovered potential of well known areas of mining district size, referred to as metallogenic units (MUs). The analysis employs an effort-adjusted and truncated probability model for number of occurrences within a subdivision (quadrat) of a MU and Monte Carlo sampling to generate an approximation to the probability distribution for number of occurrences and number of mines within an MU when it is totally explored. Exploration potential for Monitor, Bodie, Aurora, and Camp Douglas MUs (Walker Lake quadrangle of Nevada and California) are estimated to be 9, 4, 7, and 4 mines, respectively.