Definition of Terms 3

Question 1

The initial stage of mineral exploration that involves airborne surveys, geochemistry, and geological mapping to identify areas with potential mineral deposits.

Answer 1

Grassroot Exploration

Question 2

The study of the chemical composition of Earth’s materials to detect anomalies that may indicate the presence of minerals.

Answer 2

Geochemistry

Question 3

The use of geophysical methods such as magnetics, gravity, and seismic surveys to detect underground mineralization.

Answer 3

Ground Geophysics

Question 4

A site identified during exploration that shows promising indications of mineral deposits but requires further testing.

Answer 4

Prospect

Question 5

A preliminary drilling phase used to obtain subsurface samples and confirm mineralization in a potential deposit.

Answer 5

Reconnaissance Drilling

Question 5

A geological occurrence of minerals that suggests the presence of a larger deposit but has not yet been classified as a resource.

Answer 5

Showing

Question 6

A systematic drilling process aimed at defining the size, shape, and grade of a mineral deposit.

Answer 6

Delineation Drilling

Question 7

The total amount of mineral in a deposit, regardless of whether it is economically feasible to extract.

Answer 7

Resource

Question 8

A preliminary assessment that evaluates the technical and economic feasibility of mining a deposit.

Answer 8

Pre-Feasibility Study

Question 9

A detailed analysis that confirms whether a mineral deposit can be mined profitably, including mine planning and cost estimation.

Answer 9

Feasibility Study

Question 10

The portion of a mineral resource that has been proven to be economically and technically viable for extraction.

Answer 10

Reserve

Question 11

A legal contract that grants a company the right to extract minerals from a specific area for a designated period.

Answer 11

Mining Lease