Fundamental issues in quantitative estimation of mineral resources

Several issues considered to be fundamental in quantitative estimation of mineral resources and selection of mineral targets are addressed. Integration of multiple data sets, either by experts or by statistical methods, has become a common practice in estimation of mineral potential. Several major problems in data integration must be solved to significantly improve mineral resource estimation. Issues related to randomness of mineral endowment, basic statistical tools, exceptionalness of ore, and economic truncation and translation are discussed in the first part of the article. A number of important technical problems in data integration are also identified; they include data compilation, information enhancement, information synthesis, and target selection.