1. What is meant by the term ‘Probable Ore Reserve’? 2. What is meant by the term ‘Proved Ore Reserve’? 3. How do the two categories listed in problems 28 and 29 differ? On what basis do you choose...

1. What is meant by the term ‘Probable Ore Reserve’?

2. What is meant by the term ‘Proved Ore Reserve’?

3. How do the two categories listed in problems 28 and 29 differ? On what basis do you choose the appropriate category?

PROBLEM 28. What is meant by the term ‘Probable Ore Reserve’?

PROBLEM 29. What is meant by the term ‘Proved Ore Reserve’?