BET YOUR ASSAY - Mining Terms Explained Message Board

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Gold/Mining/Energy : BET YOUR ASSAY - Mining Terms Explained

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To: Postman who wrote (326)	2/11/1998 9:39:00 PM
From: Walt	Read Replies (1) of 463

Ive tried to find a definition of high grade vs low grade ore with out much luck. Basically I guess it comes down to perception. If you were to take your average grade which is minable, and if it is significantly above or below this then it is referred to as high grade or low grade. This of course then implies that one would have to take in local conditions, mining methods etc. At todays prices one oz gold is worth approximately fifty oz silver. I think most would consider one oz gold or fifty oz silver (or better) high grade. Hope that helps a little. regards Walt

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