TeachMeFinance.com - explain Geologic assurance
Geologic assurance The term 'Geologic assurance' as it applies to the area of energy can be defined as ' State of sureness, confidence, or certainty of the existence of a quantity of resources based on the distance from points where coal is measured or sampled and on the abundance and quality of geologic data as related to thickness of over burden, rank, quality, thickness of coal, areal extent, geologic history, structure, and correlations of coal beds and enclosing rocks. The degree of assurance increases as the nearness to points of control, abundance, and quality of geologic data increases'.
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