Possible improvements in mine valuation due to the use of the gamma-ray fluorescence gold-ore analyser

This paper deals with an experimental programme carried out with a gold analyser in the period June to September 1979 at Loraine Gold Mines. The results were found to be reproducible, with no overall or conditional bias when the measurements were compared with those obtained from chip samples. The standard error of estimation of a 3 m reef exposure, which was the sampling interval, can be reduced by a factor of 2,5 if the complete stretch is scanned, rather than the taking of one chip sample in its centre. Complete statistical and computational procedures were developed for the fitting of the normal-lognormal model to observed analyser data and for the determination of the most likely gold grade for a particular analyser measurement. (This correction procedure is necessary since a significant number of negative analyser measurements can be observed). Panel averages of uncorrected scans showed a small conditional bias relative to those of corrected scans. However, uncorrected panel averages can be used for on-the-spot decisions regarding whole panels. For standard calculations of ore reserves, use should be made of corrected scans. Under reasonable assumptions, the use of the detector in the selective mining of low-grade narrow reefs such as the Basal Reef at Loraine Gold Mines, when compared with the conventional chip-sampling method, can result in a saving of as high as R40 million in present-money terms over the life of a project. Most of the mines that are potential users of the gold analyser are also uranium producers. Therefore, in order to avoid chip-sampling, the analyser must be able to produce estimates of uranium grades. The current instrument is capable of measuring lead values with only minor modifications. As lead is a daughter product of uranium, it is reasonable to assume a high degree of correlation between these two elements