SUGGESTIONS FOR GOOD GRADE CAPPING PRACTICES FROM HISTORICAL LITERATURE
Extreme high grades often exert too much influence on surrounding block estimates, leading to a smearing of high grades that can cause overestimation of mineral resources. This concern underlies the decision to cap high grades, i.e., to lower the highest grades in a drill hole data set to some level deemed to be reasonable for producing reliable resource estimates. The choice of a capping level can, by itself, have a large influence on the analysis of the economic viability of a project. Despite this, it is often a choice that is made arbitrarily, guided more by art and tradition than by sound technical analysis.
Grade; Assays; Data; Average grades; metals; Value; Estimation; Processes; Process;