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Gold-ore specimen from the U.S. Geological Survey mineral collection.
Auric Global Gold Knowledge

GENERAL INFORMATION09 / 11

A clearer vocabulary for gold.

This short glossary explains common terms used in gold and mineral-resource discussions. Definitions are introductory; technical, legal, and reporting usage can vary by context and jurisdiction.

Bullion

Gold bullion is gold in a form, such as a bar or coin, that is generally valued primarily for its metal content. Product specifications and documentation should be checked for the particular item.

Fineness

Fineness expresses the proportion of precious metal in an alloy, often as parts per thousand. A stated fineness should be supported by suitable product documentation or testing for the intended purpose.

Assay and testing

An assay is an analysis used to assess the composition of a material. Results depend on the sample, method, equipment, and reporting scope; no assay service or result is claimed by Auric Global.

Mineral resource and reserve

A mineral resource and a mineral reserve are distinct technical concepts. Their classification depends on evidence, assessment, and applicable reporting standards; neither term should be used as a synonym for a general prospect or an unverified deposit.

Due diligence

Due diligence describes checks undertaken to understand relevant parties, records, risks, and obligations before or during a business relationship. The scope depends on the activity and applicable requirements.

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