Resource Estimation from a Diverse Data Source-Golden Plateau Ore Body, Cracow, Queensland

Gold/silver orebodies of the Golden Plateau deposit, Cracow, Central Queensland, are currently being exploited by the Cracow Mining Venture. A geostatistical block model has been prepared to assist with long term mine planning. The Golden Plateau orebody, of inferred epithermal origin, is a multiply brecciated, silicified fault complex containing irregular, tabular and pipe- like oreshoots. Historically the lode has been stoped and open cut over a strike length of 750 metres at widths of up to 15 metres and to a depth of 250 metres. The Golden Plateau mine produced 1.55 million tonnes of ore at an average grade of 12 g/t Au and 13.5 g/t Ag over a 42 year period. In the preparation of the reserve model much reliance has been placed on recent diamond and reverse circulation drilling (71 holes in total). However a significant volume of data has been derived from historical level assays and underground diamond drilling. Over 3,000 level assays and 50 underground drill holes contributed to the database. Similar lognormal populations were observed for 1 metre composite grades from each major drilling campaign once corrections were made for core loss. Cumulative frequency plots revealed only one outlier which was cut to the population line. The population statistics from the historical level assays showed a significant difference from those derived from the drill hole composites. Level assay populations were cut to local drill hole populations before incorporation into the ore reserve model. The resulting data has yielded interpretable variograms, the parameters of which have been applied to the preparation of a kriged block model of the deposit.