Estimates of Number of Undiscovered Deposits of Gold, Silver, Copper, Lead, and Zinc in the United States

Abstract

Estimates of the number of undiscovered deposits offer a unique perspective on the nation's undiscovered mineral resources. As part of the 1998 assessment of undiscovered deposits of gold, silver, copper, lead, and zinc, estimates of the number of deposits were made for 305 of the 447 permissive tracts delineated in 19 assessment regions of the country. By aggregating number of undiscovered deposits by deposit type and by assessment region, a picture of the nation's undiscovered resources has emerged. For the nation as a whole, the mean estimate for the number of undiscovered deposits is 950. There is a 90% chance there are at least 747 undiscovered deposits and a 10% chance there are as many as 1,160 undiscovered deposits. For Alaska, the mean estimate for the number of undiscovered deposits is 281. There is a 90% chance there are at least 168 undiscovered deposits and a 10% chance there are as many as 402 undiscovered deposits. Assuming that the majority of deposits used to create the grade and tonnage models that formed the basis for estimating the number of undiscovered deposits are significant deposits, there remain about as many undiscovered deposits as have already been discovered. Consideration of the number of undiscovered deposits as part of national assessments carried out on a recurring basis serves as a leading indicator of the nation's total mineral resources.