Determination of Realistic and Statistical Value of the Information Gathered from Exploratory Drilling |
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| Authors: | Saeed Soltani Ardeshir Hezarkhani |
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| Institution: | (1) Department of Mining Engineering, University of Kashan, 6km Ravand, Kashan, Iran;(2) Department of Mining and Metallurgy Engineering, Amirkabir University of Technology, Tehran, Iran |
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| Abstract: | Unlike other branches of geosciences, exploratory drilling has not been investigated within the framework of an information
system; so, the expression “value of exploratory drilling information” (despite its common usage) is vague. This article presents
a model for the evaluation of value of the information gathered from exploratory drilling after studying different mineral
exploration and exploratory drilling systems within the framework of an “information system.” Although this model does not
present the economic value of information, it is a suitable tool for comparing different drilling patterns. The model was
verified on the basis of drilling data for the Gol-Gohar XIIA anomaly. |
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