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 ?
Notable assays include: 8.5 feet assaying 12.8% combined zinc-lead; and 8.6 opt silver (TVS) 84.5 feet assaying 5.2% combined zinc-lead; and 2.8 opt silver (TDS) HDS-482 is an angle drill hole on the Trench claim targeting the extension of the Taylor Deeps mineralization west from the PEA resource outline.
Notable assays include: 5 feet assaying 22.0% combined zinc-lead; and 5.5 opt silver (TS) 27 feet assaying 7.2% combined zinc-lead; and 4.8 opt silver (TDS) HDS-455 is a 500-foot step out east of the PEA resource outline and is an angle drill hole targeting the expansion of the Taylor Deeps mineralization north of the Hardshell claim block.