Post by
BSdetector2016 on Jan 25, 2024 6:17pm
Barrick wasting time...again
2024 Activities and Next Steps for Donlin Gold At the December 2023 Donlin Gold LLC board meeting, NOVAGOLD proposed proceeding to an updated feasibility study while Barrick proposed continued drilling campaigns. Even though the owners did not agree to either proposal at the December meeting, they found common ground on value-adding activities that advance the project. Thus, while discussions continue regarding next steps, the Donlin Gold LLC board approved a budget of $28.5 million (100% basis) for 2024, comprising resource modelling, mine planning work, metallurgical test work (pilot plant), regional infrastructure support planning, geoscience hydrology and closure planning, advancement of the dam safety certificate applications, and continued support of pending litigation, government affairs, community engagement activities, and sponsorships. NOVAGOLD will continue to employ concerted and inclusive efforts to advance the Donlin Gold project for the benefit of all our shareholders and Donlin Gold stakeholders.
Comment by
LCSulla on Feb 03, 2024 4:00pm
They don't need to do anymore drilling. They know it's a mountain of gold in the middle of nowhere. NG needs to get bought out by a major. Only two majors could have the financial to split the billions it would build the mine. What litigation? I thought the locals were on board. NG sure has spent a lot of money through the years on them.