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ALLOCATED STORAGE

Allocated Storage is synonymous with Custodial Storage.

ALLUVIAL GOLD

Gold found in its native form specifically in association with the fluvial activity and river systems.

APPROVED REFINER

A listed refiner whose bars are accepted as good delivery by the spot market or by the Exchanges. See “Good Delivery”.

ASSAY

  1. A test to determine the precious metal content of a particular specimen. There are several types of assay test of varying accuracy including: deformation test, acid test, specific gravity test, x-ray test, and full melt assay. The only method that is 100 percent reliable is the full melt assay.
  2. When used in reference to mining exploration, “assay” means a test to determine the grams of the target metal per tonne of ore in a given ore sample.