all instructions are down below,
In a memo or report format, answer the following questions. Note: make sure all figures are labelled.
- Include a screen shot of your orebody solid. What are the dimensions of the orebody? Include the height, width and length.
- Report the volumes from the two volume calculation methods.
- How many troy ounces of gold are contained in the orebody? What is the average grade of the deposit?
- How many tons of material are contained in the orebody by 50ft bench levels? Include the average grade by bench. (Create a table)
- How much is this gold worth at today’s price? (make sure you report what price you use!)
- How many tons of material and how many ounces would the orebody contain if the density of the deposit was 3.5 g/cm3, what if it were 2.0g/cm3?
- What is the difference between density, specific gravity, and tonnage factor?
- If the following costs are assumed, calculate the breakeven and milling cutoff grades.
- Mining Cost – $4.50 per ton
- Milling Cost – $195.00 per ore ton
- Recovery Rate – 92%
- Gold Price – $1,560 per t.oz
- Marketing Cost – $20.00 per t. oz
- Refining Cost – $4.00 per t. oz
- Do you think this deposit have economic viability? Explain why or why not.
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