MEM 433 Lab 2: Orebody Volume, Grade, and Economic Viability Analysis

This report analyzes an orebody, providing detailed calculations and insights into its characteristics and economic potential. The report begins by determining the dimensions and volume of the orebody using the formula Volume = Length x Width x Height. It then calculates the total number of troy ounces of gold contained within the orebody, and the average grade of the deposit. The report further explores the tons of material contained in the orebody at different bench levels, estimating the value of the gold at current market prices. It also examines the impact of different densities on the orebody's material content and outlines the differences between density, specific gravity, and tonnage factor. Finally, the report calculates the breakeven and milling cutoff grades based on provided cost assumptions, concluding with an assessment of the deposit's economic viability.