Determination of Realistic and Statistical Value of the Information Gathered from Exploratory Drilling

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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