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 ?
Based on previous assaying undertaken by IPL and JBMM the gold particles appear to be extremely small and in fact no significant "nugget" factor has ever been detected from any sample at the Comval project to date.
Spooner and Associates collected over 300 samples for assaying.
is a private company developing novel assaying platforms for in-vitro diagnostics and for ultra high throughput screening of drug candidates.
Strathcona Mineral Services Limited ("Strathcona") was previously engaged by IGC to review the available data produced by Auric including a site visit to the Property, and has analyzed both core samples from previous drilling and surface samples collected by Strathcona using assaying and extractive leach procedures.