A historical review of recommendations for reporting exploration results, mineral resources and mineral reserves
Mining Engineering, 2014, Vol. 66, No. 2, pp. 38-38
Abbott, David M.
This paper is a companion to, and amplification of, the “History” section of the 2014 version of the SME Guide for Reporting Exploration Results, Mineral Resources, and Mineral Reserves (SME Guide). The need for the careful examination and evaluation of mineral deposits has long been recognized. In the book De Re Metallica, Georgius Agricola noted, “Moreover, a prudent owner, before he buys shares, ought to go to the mine and carefully examine the nature of the vein, for it is very important that he should be on his guard lest fraudulent sellers of shares should deceive him” (1556, p.29). Agricola further stated, “Now a miner, before he begins to mine the veins, must consider seven things, namely: the situation, the conditions, the water, the roads, the climate, the right of ownership and the neighbors” (1556, p. 30). The elements of Agricola’s seven things, much expanded, are incorporated into the 2014 SME Guide.
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