Some Practical Aspects of Ore Reserve Estimation at Chuquicamata Copper Mine, Chile

The copper ore reserves at the Chuquicamata mine were re-estimated during March to June 1994, as part of a comprehensive audit of the mine's overall short- and long-term planning. The basic principles essential to all ore reserve estimates were implemented viz: 1. A detailed study of the geology, in this case particularly of the orientations of structural features of copper mineralisation and the subdivision of the orebody into geologically homogeneous sections, 2. the use of both drillhole and blasthole data sets, 3. statistical and geostatistical analyses of both data sets to model anisotropic spatial structures for all the geologically homogeneous sections, 4. block kriging using both data sets individually; and 5. a comprehensive validation of the block valuations to confirm the absence of global and conditional biases and to quantify the actual improvement achieved in the overall quality of the estimates compared to those executed on earlier techniques.