Home > Term: inferred reserve base
inferred reserve base
The in-place part of an identified resource from which inferred reserves are estimated. Quantitative estimates are based largely on knowledge of the geologic character of a deposit for which there may be no samples or measurements. The estimates are based on an assumed continuity beyond the reserve base, for which there is geologic evidence.
- Part of Speech: noun
- Industry/Domain: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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Creator
- ed.young
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(Milwaukee, United States)