Assay

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Assay

Metal purity test to confirm that the metal meets the standards for trading on a commodities exchange (commodities exchange center).

Assay

To test precious metals for their purity. This is important to commodities and futures involving precious metals, in which the quality of the underlying metals must be specified in the contract.

assay

A test to determine the purity of gold, silver, or other precious metals. Metals used for delivery of futures contracts must be assayed to verify that they meet standards established by the exchange on which the contracts trade.
References in periodicals archive ?
Two independent companies performed the fire assays: 1) Assayers Canada, and 2) International Plasma Labs Ltd.
Half of the core is left in the boxes and the other half is bagged and shipped to Skyline Assayers and Laboratories ("Skyline) in Tucson, Arizona to be analyzed for Cu and Mo using ICP/OES.
As an important step in its mine development strategy, the Company plans to conduct additional, extensive, third party testing to be conducted by qualified and certified geologists, mining engineers, and assayers in respect of each of its mining properties so as to verify, validate, and clarify published in-ground resource quantities and values as stated in the existing / historical test reports, assays, and valuation reports.
Private equity deals completed by the team include the management buyout of Knowsley-based Alex Stewart Assayers in a deal backed by Close Brothers Private Equity.
A FOUR goal haul from Williams helped reigning Alex Stewart Assayers I-Zingari Premier League Champions Old Xaverians to an 8-0 rout of Division One champions Nalgo.
Drill core samples were submitted to Alex Stewart Assayers, Argentina, S.
The Wednesday conference call between the Qualified Party, Richard Daniele, and the three independent assayers was productive.
Richard Daniele, Metallurgical Engineer, the Qualified Person, (QP) who coordinates the assayers under the direction of Dr.
Smith as he receives the data from the metallurgists and assayers nor will it delay the marketing of the El Capitan property.
Drill core samples are assayed by Assayers Canada of Vancouver, BC.