Adanac Molybdenum Corporation AUAYF

RE: PULLING YOU INTO DEEP WATER, WATCH OUT.

[ggnine]

December 15, 2004 11:00 AM US Eastern Timezone Northern Dynasty Drilling Successfully Delineating Pebble Gold-Copper-Molybdenum Deposit VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 15, 2004--Ronald W. Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (TSX VENTURE:NDM)(AMEX:NAK) is pleased to announce assay results for all core holes drilled during Northern Dynasty's extensive 2004 drilling program at the Pebble gold-copper-molybdenum deposit in southwest Alaska. This program of systematic core drilling was designed to upgrade a significant portion of the Pebble deposit's inferred mineral resource to measured and indicated classifications and to determine the deposit's full lateral and depth extent. A complete tabulation of assay results from the 173 core holes (numbered 4136 through 4309) drilled during 2004 along with drill hole location maps, are attached to this news release and posted at www.northerndynasty.com. These results demonstrate and confirm the exceptional uniformity and continuity of Pebble deposit mineralization, which occurs in a near-surface configuration with almost no internal waste over a broad area measuring at least 3 kilometres east-west and 2 kilometres north-south. The detailed drilling results provide positive confirmation of the geological model developed by Northern Dynasty and include numerous wide intervals with assay grades equal to or exceeding the previous deposit average estimated by Norwest Corporation in February 2004. A new independent resource estimate incorporating all 2004 drill holes, including the new East Zone discovery holes which intercepted substantial higher-grade gold-copper-molybdenum mineralization outside of the previous resource boundary (see NDM news release dated November 29, 2004), will be completed by an independent engineering company in the first quarter of 2005. Another highlight of the 2004 drilling program is the discovery of additional porphyry gold-copper mineralization in a single hole drilled to test a 3.5 kilometre by 1.0 kilometre induced polarization geophysical anomaly located 15 kilometres southwest of the Pebble deposit. Drill hole 4308 returned 0.44% copper-equivalent over a 51.8 metre (170 feet) core length and demonstrates the potential for discovery of significant additional gold-copper porphyry deposits within the Pebble sulphide system. The 89 square kilometre Pebble mineral system, which is known to host several porphyry gold-copper deposits and occurrences has been listed by the United States Geological Survey as the world's most extensive sulphide system. Northern Dynasty's Cdn$33.5 million comprehensive 2004 work program is nearing completion. The program was designed to collect detailed engineering, environmental and socioeconomic data for completion in 2005 of a Feasibility Study and permit applications for a long life, large-scale, open pit, gold-copper-molybdenum mine. A recent Preliminary Assessment indicates that the Pebble project could generate very attractive rates of return at production rates of 100,000 to 200,000 tonnes per day over a 30 to 60 year mine life. An independent resource estimate prepared in early 2004 by Norwest Corporation, an internationally recognized minerals industry consulting firm, established Pebble as the largest deposit of contained gold and the second largest deposit of contained copper resources in North America, containing 26.5 million ounces of gold and 16.5 billion pounds of copper within an Inferred Mineral Resource of 2.74 billion tonnes grading 0.55% copper-equivalent (0.30 grams gold per tonne, 0.27% copper and 0.015% molybdenum above a cut-off grade of 0.30% copper-equivalent). The Norwest estimate included higher-grade resources of 435 million tonnes of 0.49 grams gold per tonne, 0.42% copper and 0.021% molybdenum, or 0.84% copper-equivalent above a cut-off grade of 0.70% copper-equivalent. These higher-grade resources will facilitate rapid recovery of capital costs during the early years of a large scale mining operation. The Pebble deposit is located in an area of gentle terrain and moderate climate, only 95 kilometres from ice-free tidewater in Cook Inlet. The State of Alaska's Southwestern Transportation Plan includes a port and a road from Cook Inlet to the town of Iliamna, located 25 km to the southeast of the Pebble deposit. The Alaskan Department of Transportation and Public Facilities has commissioned pre-feasibility level engineering studies along this transportation corridor, with results expected in early 2005. Power requirements are likely to be met by connection to the Railbelt Transmission Grid, which services 75% of the Alaskan population and produces 80% of the State's power or by an Independent Power Producer's generator located adjacent to the project area. Mark Rebagliati, P.Eng., and Dr. Morris Beattie, P.Eng., are the Qualified Persons for the Pebble Project and are supervising the quality control and quality assurance program. Core logging and sampling are completed in Northern Dynasty's secure facility at Iliamna, Alaska. The NQ-size core is mechanically split and samples are transported to the ALS Chemex laboratory in Fairbanks for drying, weighing and crushing. Samples are shipped by airfreight to the main ALS Chemex laboratory, North Vancouver, Canada (an ISO 9002 certified laboratory) for final preparation and analysis. Gold is determined by 30 g Fire Assay (FA) fusion with an Atomic Absorption Spectroscopy (AAS) finish. Copper and molybdenum assays are by four acid digestion with an Inductively Coupled Plasma-Emission Spectroscopy (ICP-ES) finish. All samples are also analyzed for 23 additional elements by four acid digestion ICP-ES. Northern Dynasty includes standards, duplicates and blanks in addition to the laboratory's internal quality control work. Duplicate samples are analyzed by Acme Analytical Laboratories of Vancouver, Canada. Northern Dynasty recently exercised its options to acquire an 80% interest in the Resource Lands hosting most of the Pebble deposit and a minimum 40% interest in the surrounding Exploration Lands from Teck Cominco American Inc. Teck Cominco has a 90 day right to form a 50-50 joint venture on the Exploration Lands. Northern Dynasty also has a 90 period to elect to acquire the 20% carried interest in the Pebble Project held by Hunter Dickinson Group Inc., a related party, for share consideration equal to its independently appraised value. By exercising all of its options, Northern Dynasty can acquire up to a 100% interest in the Resource Lands (with no back-in rights or royalty) and a minimum 50% interest in the surrounding Exploration Lands. ON BEHALF OF THE BOARD OF DIRECTORS Ronald W. Thiessen, President and CEO No regulatory authority has approved or disapproved the information contained in this news release. Cautionary Note to U.S. Investors concerning Estimates of Inferred Resources This news release uses the term 'inferred resources'. The Company advises U.S. investors that while this term is recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize it. There is a great amount of uncertainty about the existence, and economic and legal feasibility of 'inferred resources'. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com. NORTHERN DYNASTY MINERALS LTD. - PEBBLE PROJECT TABLE OF ASSAY RESULTS -------------------------------------------------------------------- Drill Inter- Inter- CuEQ Hole From To cept cept Au Cu Mo (1) Number (metres) (metres) (metres) (feet) g/t % % % -------------------------------------------------------------------- 4136 149.4 313.9 164.6 540 0.40 0.42 0.020 0.79 -------------------------------------------------------------------- 4136 Incl. 234.7 301.8 67.1 220 0.59 0.48 0.020 0.97 -------------------------------------------------------------------- 4137 32.0 381.6 349.6 1147 0.39 0.36 0.022 0.73 -------------------------------------------------------------------- 4137 Incl. 166.7 310.0 143.3 470 0.54 0.52 0.028 1.02 -------------------------------------------------------------------- 4138 39.6 303.9 264.3 867 0.42 0.31 0.023 0.71 -------------------------------------------------------------------- 4138 Incl. 114.0 194.8 80.8 265 0.68 0.42 0.029 1.01 -------------------------------------------------------------------- 4139 25.6 154.8 129.2 424 0.51 0.42 0.014 0.83 -------------------------------------------------------------------- 4140 6.1 200.3 194.2 637 0.37 0.30 0.014 0.62 -------------------------------------------------------------------- 4140 Incl. 87.5 162.8 75.3 247 0.52 0.36 0.014 0.77 -------------------------------------------------------------------- 4141 28.0 44.8 16.8 55 1.96 0.03 0.001 1.28 -------------------------------------------------------------------- 4141 142.3 163.7 21.3 70 1.28 0.10 0.002 0.93 -------------------------------------------------------------------- 4141 266.1 325.8 59.7 196 0.43 0.37 0.015 0.73 -------------------------------------------------------------------- 4142 24.4 283.2 258.8 849 0.68 0.44 0.019 0.98 -------------------------------------------------------------------- 4142 Incl. 24.4 45.4 21.0 69 0.50 0.61 0.044 1.18 -------------------------------------------------------------------- 4142 Incl. 130.8 234.4 103.6 340 1.11 0.52 0.018 1.33 -------------------------------------------------------------------- 4143 24.1 54.6 30.5 100 0.32 0.31 0.015 0.60 -------------------------------------------------------------------- 4143 134.1 197.8 63.7 209 0.40 0.36 0.018 0.71 -------------------------------------------------------------------- 4143 231.7 258.8 27.1 89 0.33 0.35 0.034 0.75 -------------------------------------------------------------------- 4144 157.0 292.3 135.3 444 0.37 0.34 0.019 0.68 -------------------------------------------------------------------- 4144 Incl. 222.2 292.3 70.1 230 0.50 0.42 0.025 0.88 -------------------------------------------------------------------- 4145 21.0 280.1 259.1 850 0.68 0.55 0.037 1.20 -------------------------------------------------------------------- 4145 Incl. 85.0 249.6 164.6 540 0.88 0.69 0.050 1.54 -------------------------------------------------------------------- 4145 Incl. 106.4 249.6 143.3 470 0.93 0.74 0.053 1.63 -------------------------------------------------------------------- 4146 29.3 142.7 113.4 372 0.45 0.34 0.018 0.72 -------------------------------------------------------------------- 4146 Incl. 69.5 142.7 73.2 240 0.46 0.38 0.022 0.80 -------------------------------------------------------------------- 4147 24.1 185.6 161.5 530 0.80 0.40 0.010 0.96 -------------------------------------------------------------------- 4147 Incl. 60.7 161.2 100.6 330 0.99 0.42 0.011 1.11 -------------------------------------------------------------------- 4148 18.3 78.9 60.7 199 0.46 0.38 0.019 0.78 -------------------------------------------------------------------- 4148 Incl. 18.3 51.5 33.2 109 0.50 0.43 0.025 0.88 -------------------------------------------------------------------- 4148 179.5 213.1 33.5 110 0.36 0.38 0.010 0.66 -------------------------------------------------------------------- 4149 171.6 473.4 301.8 990 0.49 0.46 0.026 0.92 -------------------------------------------------------------------- 4149 Incl. 171.6 407.8 236.2 775 0.54 0.51 0.027 1.01 -------------------------------------------------------------------- 4150 39.3 60.7 21.3 70 0.54 0.32 0.008 0.71 -------------------------------------------------------------------- 4150 88.1 241.1 153.0 502 0.42 0.32 0.014 0.67 -------------------------------------------------------------------- 4151 48.5 78.9 30.5 100 0.27 0.25 0.013 0.50 -------------------------------------------------------------------- 4152 48.5 78.9 30.5 100 0.30 0.19 0.010 0.44 -------------------------------------------------------------------- 4153 72.5 261.5 189.0 620 0.30 0.27 0.013 0.54 -------------------------------------------------------------------- 4153 Incl. 72.5 93.9 21.3 70 0.56 0.36 0.010 0.78 -------------------------------------------------------------------- 4154 24.1 66.8 42.7 140 0.60 0.21 0.001 0.60 -------------------------------------------------------------------- 4154 208.3 289.3 80.9 266 0.33 0.39 0.015 0.68 -------------------------------------------------------------------- 4155 185.6 310.6 125.0 410 0.42 0.46 0.018 0.83 -------------------------------------------------------------------- 4156 Anomalous results, 0.35% CuEQ over hole length of 117 feet. -------------------------------------------------------------------- 4157 Anomalous results, 0.22% CuEQ over hole length of 150 feet. -------------------------------------------------------------------- 4158 127.7 155.1 27.4 90 0.58 0.24 0.008 0.65 -------------------------------------------------------------------- 4158 225.6 310.6 85.0 279 0.63 0.42 0.009 0.88 -------------------------------------------------------------------- 4159 Anomalous results, 0.27% CuEQ, over hole length of 124 feet. -------------------------------------------------------------------- 4160 75.3 105.2 29.9 98 0.47 0.29 0.005 0.62 -------------------------------------------------------------------- 4161 48.5 85.8 37.3 123 0.52 0.33 0.010 0.72 -------------------------------------------------------------------- 4161 167.3 205.1 37.8 124 0.51 0.35 0.009 0.72 -------------------------------------------------------------------- 4162 39.3 143.0 103.6 340 0.56 0.29 0.018 0.75 -------------------------------------------------------------------- 4162 152.1 216.1 64.0 210 0.32 0.28 0.019 0.60 -------------------------------------------------------------------- 4163 22.6 212.8 190.2 624 0.42 0.30 0.011 0.63 -------------------------------------------------------------------- 4164 39.6 185.4 145.8 478 0.38 0.29 0.018 0.63 -------------------------------------------------------------------- 4164 229.3 271.0 41.7 137 0.27 0.33 0.011 0.57 -------------------------------------------------------------------- 4165 25.5 330.7 305.3 1002 0.48 0.32 0.015 0.71 -------------------------------------------------------------------- 4165 Incl. 25.5 57.9 32.5 107 0.43 0.45 0.011 0.78 -------------------------------------------------------------------- 4165 Incl. 266.7 330.7 64.0 210 0.75 0.30 0.014 0.85 -------------------------------------------------------------------- 4166 15.2 118.6 103.3 339 0.63 0.37 0.007 0.81 -------------------------------------------------------------------- 4167 Anomalous results, 0.28% CuEQ over hole length of 899 feet. -------------------------------------------------------------------- 4168 36.3 197.8 161.5 530 0.46 0.29 0.006 0.62 -------------------------------------------------------------------- 4169 27.7 228.3 200.6 658 0.48 0.32 0.014 0.70 -------------------------------------------------------------------- 4169 Incl. 143.0 213.1 70.1 230 0.58 0.36 0.018 0.83 -------------------------------------------------------------------- 4170 21.0 161.2 140.2 460 0.41 0.31 0.006 0.61 -------------------------------------------------------------------- 4170 Incl. 127.3 161.2 34.0 112 0.46 0.39 0.010 0.73 -------------------------------------------------------------------- 4171 136.9 286.2 149.4 490 0.25 0.28 0.009 0.50 -------------------------------------------------------------------- 4172 63.1 289.9 226.8 744 0.67 0.34 0.010 0.83 -------------------------------------------------------------------- 4172 Incl. 63.1 207.0 143.9 472 0.85 0.38 0.011 0.98 -------------------------------------------------------------------- 4173 104.9 182.3 77.4 254 0.48 0.40 0.016 0.79 -------------------------------------------------------------------- 4174 Abandoned, no core, redrilled as 4177. -------------------------------------------------------------------- 4175 145.5 214.3 68.7 226 0.23 0.29 0.023 0.56 -------------------------------------------------------------------- 4175 145.5 162.5 16.9 56 0.31 0.39 0.022 0.71 -------------------------------------------------------------------- 4175 255.4 295.1 39.6 130 0.25 0.33 0.029 0.65 -------------------------------------------------------------------- 4176 132.6 207.0 74.4 244 0.35 0.35 0.007 0.61 -------------------------------------------------------------------- 4177 83.5 134.7 51.3 168 0.48 0.29 0.011 0.66 -------------------------------------------------------------------- 4178 21.3 330.1 308.8 1013 0.26 0.31 0.019 0.58 -------------------------------------------------------------------- 4178 Incl. 48.5 124.7 76.2 250 0.38 0.38 0.020 0.73 -------------------------------------------------------------------- 4179 30.2 57.6 27.4 90 0.41 0.36 0.011 0.68 -------------------------------------------------------------------- 4180 124.7 216.1 91.4 300 0.45 0.34 0.011 0.69 -------------------------------------------------------------------- 4181 163.7 274.0 110.3 362 0.75 0.33 0.022 0.93 -------------------------------------------------------------------- 4182 24.4 307.2 282.9 928 0.39 0.41 0.031 0.83 -------------------------------------------------------------------- 4182 Incl. 196.6 285.9 89.3 293 0.43 0.49 0.047 1.03 -------------------------------------------------------------------- 4183 91.1 191.7 100.6 330 0.48 0.26 0.006 0.60 -------------------------------------------------------------------- 4184 30.5 216.1 185.6 609 0.28 0.31 0.027 0.64 -------------------------------------------------------------------- 4184 Incl. 30.5 115.5 85.0 279 0.33 0.37 0.025 0.72 -------------------------------------------------------------------- 4185 33.5 179.5 146.0 479 0.37 0.30 0.006 0.57 -------------------------------------------------------------------- 4186 28.7 151.8 123.1 404 0.40 0.51 0.035 0.96 -------------------------------------------------------------------- 4186 Incl. 82.0 133.2 51.2 168 0.54 0.60 0.044 1.19 -------------------------------------------------------------------- 4187 31.1 170.7 139.6 458 0.39 0.61 0.057 1.19 -------------------------------------------------------------------- 4187 Incl. 42.7 118.9 76.2 250 0.47 0.86 0.063 1.51 -------------------------------------------------------------------- 4188 181.5 426.4 244.9 804 0.55 0.47 0.031 1.00 -------------------------------------------------------------------- 4188 Incl. 216.1 368.5 152.4 500 0.65 0.57 0.032 1.16 -------------------------------------------------------------------- 4189 12.2 296.9 284.7 934 0.34 0.39 0.025 0.75 -------------------------------------------------------------------- 4189 Incl. 12.2 76.5 64.3 211 0.73 0.81 0.081 1.73 -------------------------------------------------------------------- 4190 12.5 96.9 84.4 277 0.55 0.42 0.023 0.90 -------------------------------------------------------------------- 4191 57.3 118.3 61.0 200 0.43 0.33 0.009 0.66 -------------------------------------------------------------------- 4192 103.3 122.6 19.3 63 0.47 0.36 0.022 0.78 -------------------------------------------------------------------- 4193 69.8 128.9 59.1 194 0.54 0.30 0.009 0.70 -------------------------------------------------------------------- 4194 18.0 64.9 46.9 154 0.72 0.51 0.011 1.04 -------------------------------------------------------------------- 4194 64.9 320.0 255.1 837 0.22 0.27 0.018 0.51 -------------------------------------------------------------------- 4194 Incl. 277.1 320.0 43.0 141 0.36 0.36 0.027 0.74 -------------------------------------------------------------------- 4195 30.2 112.5 82.3 270 0.33 0.34 0.028 0.71 -------------------------------------------------------------------- 4196 36.3 249.6 213.4 700 0.45 0.47 0.014 0.84 -------------------------------------------------------------------- 4196 Incl. 66.8 249.6 182.9 600 0.48 0.49 0.015 0.88 -------------------------------------------------------------------- 4196 Incl. 144.8 188.7 43.9 144 0.61 0.63 0.015 1.09 -------------------------------------------------------------------- 4197 18.0 45.2 27.2 89 0.50 0.34 0.004 0.69 -------------------------------------------------------------------- 4197 79.6 228.3 148.7 488 0.27 0.31 0.011 0.55 -------------------------------------------------------------------- 4198 38.4 106.4 68.0 223 0.40 0.45 0.013 0.78 -------------------------------------------------------------------- 4198 121.0 154.2 33.2 109 0.24 0.40 0.014 0.63 -------------------------------------------------------------------- 4198 204.2 286.2 82.0 269 0.31 0.40 0.013 0.67 -------------------------------------------------------------------- 4199 25.3 37.5 12.2 40 0.47 0.39 0.003 0.70 -------------------------------------------------------------------- 4199 53.2 199.5 146.3 480 0.48 0.48 0.011 0.85 -------------------------------------------------------------------- 4199 Incl. 96.0 148.3 52.3 172 0.65 0.65 0.013 1.13 -------------------------------------------------------------------- 4200 23.3 264.9 241.6 793 0.31 0.34 0.012 0.60 -------------------------------------------------------------------- 4200 Incl. 216.1 264.9 48.8 160 0.40 0.49 0.009 0.80 -------------------------------------------------------------------- 4201 39.6 128.0 88.4 290 0.26 0.41 0.029 0.74 -------------------------------------------------------------------- 4201 Incl. 42.7 73.2 30.5 100 0.29 0.55 0.026 0.87 -------------------------------------------------------------------- 4202 51.8 221.9 170.1 558 0.21 0.35 0.027 0.64 -------------------------------------------------------------------- 4202 Incl. 51.8 81.4 29.6 97 0.21 0.53 0.031 0.84 -------------------------------------------------------------------- 4203 17.7 109.1 91.4 300 0.41 0.51 0.067 1.15 -------------------------------------------------------------------- 4203 133.5 182.3 48.8 160 0.24 0.41 0.032 0.74 -------------------------------------------------------------------- 4204 28.4 200.0 171.6 563 0.39 0.53 0.039 1.01 -------------------------------------------------------------------- 4204 Incl. 28.4 135.9 107.6 353 0.49 0.68 0.035 1.19 -------------------------------------------------------------------- 4205 17.7 310.3 289.6 950 0.39 0.36 0.016 0.70 -------------------------------------------------------------------- 4205 Incl. 44.8 78.6 33.8 111 0.45 0.48 0.012 0.83 -------------------------------------------------------------------- 4205 Incl. 197.2 231.0 33.8 111 0.44 0.46 0.022 0.86 -------------------------------------------------------------------- 4206 65.8 189.9 124.1 407 0.46 0.36 0.017 0.75 -------------------------------------------------------------------- 4206 Incl. 74.1 104.6 30.5 100 0.54 0.40 0.015 0.83 -------------------------------------------------------------------- 4206 Incl. 159.4 189.9 30.5 100 0.46 0.41 0.021 0.82 -------------------------------------------------------------------- 4207 33.7 395.6 362.0 1188 0.32 0.41 0.016 0.71 -------------------------------------------------------------------- 4207 Incl. 55.6 107.6 52.0 171 0.51 0.51 0.014 0.91 -------------------------------------------------------------------- 4207 Incl. 122.5 167.0 44.5 146 0.49 0.56 0.013 0.94 -------------------------------------------------------------------- 4208 14.3 337.4 323.1 1060 0.43 0.26 0.008 0.58 -------------------------------------------------------------------- 4208 Incl. 14.3 191.1 176.8 580 0.43 0.27 0.009 0.60 -------------------------------------------------------------------- 4208 Incl. 14.3 127.1 112.8 370 0.45 0.29 0.008 0.62 -------------------------------------------------------------------- 4209 Anomalous results, 0.41% CuEQ over hole length of 931.5 feet. -------------------------------------------------------------------- 4210 184.7 368.2 183.5 602 0.43 0.53 0.018 0.90 -------------------------------------------------------------------- 4210 Incl. 184.7 282.9 98.2 322 0.51 0.65 0.021 1.09 -------------------------------------------------------------------- 4211 27.1 97.2 70.1 230 0.51 0.27 0.012 0.67 -------------------------------------------------------------------- 4211 Incl. 63.7 97.2 33.5 110 0.59 0.33 0.012 0.77 -------------------------------------------------------------------- 4212 11.9 166.1 154.2 506 0.45 0.37 0.012 0.72 -------------------------------------------------------------------- 4212 Incl. 11.9 30.2 18.3 60 0.68 0.54 0.005 1.00 -------------------------------------------------------------------- 4213 12.5 23.5 11.0 36 0.58 0.46 0.011 0.89 -------------------------------------------------------------------- 4213 60.7 133.8 73.2 240 0.32 0.29 0.021 0.61 -------------------------------------------------------------------- 4214 7.9 310.6 302.7 993 0.29 0.31 0.024 0.63 -------------------------------------------------------------------- 4214 7.9 60.7 52.7 173 0.45 0.55 0.038 1.06 -------------------------------------------------------------------- 4215 39.3 146.0 106.7 350 0.26 0.27 0.022 0.56 -------------------------------------------------------------------- 4216 9.1 286.2 277.1 909 0.31 0.28 0.020 0.60 -------------------------------------------------------------------- 4216 Incl. 9.1 79.6 70.4 231 0.45 0.34 0.017 0.72 -------------------------------------------------------------------- 4216 Incl. 225.3 286.2 61.0 200 0.31 0.33 0.030 0.70 -------------------------------------------------------------------- 4217 9.1 210.0 200.9 659 0.29 0.34 0.015 0.61 -------------------------------------------------------------------- 4217 Incl. 9.1 86.3 77.1 253 0.42 0.42 0.015 0.78 -------------------------------------------------------------------- 4218 18.3 57.8 39.5 130 1.24 0.64 0.008 1.48 -------------------------------------------------------------------- 4218 165.2 231.3 66.1 217 0.32 0.39 0.019 0.70 -------------------------------------------------------------------- 4219 11.9 289.3 277.4 910 0.30 0.36 0.013 0.62 -------------------------------------------------------------------- 4219 Incl. 14.9 48.2 33.2 109 0.43 0.47 0.012 0.81 -------------------------------------------------------------------- 4219 Incl. 200.3 271.6 71.3 234 0.30 0.51 0.017 0.79 -------------------------------------------------------------------- 4220 30.2 277.1 246.9 810 0.45 0.50 0.021 0.91 -------------------------------------------------------------------- 4220 Incl. 30.2 216.1 185.9 610 0.48 0.54 0.022 0.98 -------------------------------------------------------------------- 4221 17.7 261.5 243.8 800 0.43 0.56 0.028 0.99 -------------------------------------------------------------------- 4221 Incl. 17.7 185.3 167.6 550 0.50 0.64 0.030 1.13 -------------------------------------------------------------------- 4222 23.8 185.9 162.2 532 0.36 0.57 0.047 1.06 -------------------------------------------------------------------- 4222 Incl. 23.8 100.0 76.2 250 0.48 0.86 0.033 1.35 -------------------------------------------------------------------- 4223 32.9 123.4 90.5 297 0.28 0.34 0.040 0.74 -------------------------------------------------------------------- 4223 Incl. 45.1 72.5 27.4 90 0.38 0.55 0.074 1.21 -------------------------------------------------------------------- 4224 Anomalous results, 0.11% CuEQ over hole length of 120 feet. -------------------------------------------------------------------- 4225 Anomalous results, 0.29% CuEQ over hole length of 370 feet. -------------------------------------------------------------------- 4226 6.1 26.7 20.6 68 0.34 0.48 0.011 0.75 -------------------------------------------------------------------- 4226 66.8 130.8 64.0 210 0.37 0.35 0.009 0.64 -------------------------------------------------------------------- 4226 188.7 274.0 85.3 280 0.47 0.45 0.015 0.84 -------------------------------------------------------------------- 4226 Incl. 216.1 274.0 57.9 190 0.55 0.51 0.017 0.95 -------------------------------------------------------------------- 4227 9.1 84.3 75.1 247 0.58 0.40 0.012 0.84 -------------------------------------------------------------------- 4228 10.1 33.8 23.8 78 0.64 0.68 0.008 1.13 -------------------------------------------------------------------- 4229 29.6 213.1 183.5 602 0.33 0.38 0.013 0.67 -------------------------------------------------------------------- 4229 Incl. 36.1 146.0 109.9 361 0.40 0.42 0.014 0.75 -------------------------------------------------------------------- 4230 9.1 42.4 33.2 109 0.57 0.47 0.009 0.88 -------------------------------------------------------------------- 4230 56.1 80.5 21.6 71 0.73 0.39 0.015 0.94 -------------------------------------------------------------------- 4230 130.8 219.2 88.4 290 0.30 0.34 0.023 0.66 -------------------------------------------------------------------- 4230 249.6 299.6 50.0 164 0.34 0.41 0.012 0.69 -------------------------------------------------------------------- 4231 6.4 103.3 96.9 318 0.43 0.44 0.026 0.86 -------------------------------------------------------------------- 4231 Incl. 6.4 75.9 69.5 228 0.52 0.51 0.021 0.96 -------------------------------------------------------------------- 4231 146.0 225.3 79.3 260 0.35 0.34 0.020 0.68 -------------------------------------------------------------------- 4232 11.9 109.4 97.5 320 0.45 0.26 0.013 0.62 -------------------------------------------------------------------- 4232 179.5 280.1 100.6 330 0.61 0.41 0.015 0.89 -------------------------------------------------------------------- 4233 4.6 18.0 13.4 44 0.45 0.47 0.016 0.84 -------------------------------------------------------------------- 4233 48.5 69.8 21.3 70 0.56 0.48 0.018 0.94 -------------------------------------------------------------------- 4233 88.1 108.7 20.6 68 0.68 0.38 0.008 0.85 -------------------------------------------------------------------- 4234 18.3 152.1 133.8 439 0.62 0.37 0.007 0.81 -------------------------------------------------------------------- 4234 Incl. 18.3 45.4 27.1 89 0.73 0.49 0.006 0.98 -------------------------------------------------------------------- 4234 Incl. 91.4 152.1 60.7 199 0.83 0.35 0.008 0.92 -------------------------------------------------------------------- 4235 51.5 89.3 37.8 124 0.27 0.38 0.006 0.59 -------------------------------------------------------------------- 4236 9.1 249.6 240.5 789 0.41 0.33 0.011 0.66 -------------------------------------------------------------------- 4236 71.6 115.5 43.9 144 0.72 0.37 0.009 0.89 -------------------------------------------------------------------- 4237 7.3 78.9 71.6 235 0.36 0.35 0.014 0.67 -------------------------------------------------------------------- 4238 6.7 267.9 261.2 857 0.36 0.32 0.022 0.67 -------------------------------------------------------------------- 4238 63.7 91.1 27.4 90 0.58 0.41 0.018 0.88 -------------------------------------------------------------------- 4238 228.3 255.7 27.4 90 0.46 0.42 0.044 0.97 -------------------------------------------------------------------- 4239 13.7 149.1 135.3 444 0.48 0.34 0.020 0.76 -------------------------------------------------------------------- 4239 Incl. 13.7 36.3 22.6 74 0.63 0.38 0.009 0.83 -------------------------------------------------------------------- 4239 Incl. 45.4 83.8 38.4 126 0.74 0.43 0.024 1.03 -------------------------------------------------------------------- 4240 9.1 109.4 100.3 329 0.45 0.39 0.014 0.75 -------------------------------------------------------------------- 4240 Incl. 9.1 78.9 69.8 229 0.53 0.45 0.015 0.87 -------------------------------------------------------------------- 4241 Anomalous results, 0.06% CuEQ over hole length of 349 feet. -------------------------------------------------------------------- 4242 Anomalous results, 0.18% CuEQ over hole length of 669 feet. -------------------------------------------------------------------- 4243 Anomalous results, 0.19% CuEQ over hole length of 399 feet. -------------------------------------------------------------------- 4244 27.1 182.6 155.5 510 0.37 0.40 0.018 0.73 -------------------------------------------------------------------- 4244 Incl. 60.7 182.6 121.9 400 0.33 0.45 0.019 0.76 -------------------------------------------------------------------- 4244 Incl. 152.1 182.6 30.5 100 0.44 0.59 0.016 0.96 -------------------------------------------------------------------- 4245 36.3 115.5 79.3 260 0.31 0.38 0.020 0.69 -------------------------------------------------------------------- 4245 Incl. 36.3 75.9 39.6 130 0.37 0.43 0.023 0.79 -------------------------------------------------------------------- 4246 Anomalous results, 0.26% CuEQ over hole length of 652 feet. -------------------------------------------------------------------- 4247 Anomalous results, 0.12% CuEQ over hole length of 489 feet. -------------------------------------------------------------------- 4248 81.7 89.9 8.2 27 0.44 0.41 0.021 0.81 -------------------------------------------------------------------- 4249 Anomalous results, 0.18% CuEQ over hole length of 664 feet. -------------------------------------------------------------------- 4250 261.8 304.2 42.4 139 0.62 0.43 0.010 0.89 -------------------------------------------------------------------- 4251 213.4 282.9 69.5 228 0.33 0.32 0.007 0.57 -------------------------------------------------------------------- 4252 Anomalous results, 0.29% CuEQ over hole length of 409 feet. -------------------------------------------------------------------- 4253 84.4 127.7 43.3 142 0.12 0.40 0.004 0.50 -------------------------------------------------------------------- 4254 12.2 170.4 158.2 519 0.35 0.30 0.023 0.66 -------------------------------------------------------------------- 4254 Incl. 12.2 100.3 88.1 289 0.40 0.32 0.026 0.72 -------------------------------------------------------------------- 4255 39.3 57.6 18.3 60 0.55 0.17 0.002 0.53 -------------------------------------------------------------------- 4256 8.8 36.3 27.4 90 0.48 0.36 0.008 0.71 -------------------------------------------------------------------- 4256 45.4 88.1 42.7 140 0.33 0.29 0.013 0.57 -------------------------------------------------------------------- 4256 108.5 152.1 43.6 143 0.30 0.29 0.026 0.63 -------------------------------------------------------------------- 4257 6.1 103.3 97.2 319 0.47 0.36 0.018 0.75 -------------------------------------------------------------------- 4257 Incl. 36.3 78.9 42.7 140 0.56 0.34 0.019 0.81 -------------------------------------------------------------------- 4258 12.8 139.9 127.1 417 0.47 0.31 0.015 0.69 -------------------------------------------------------------------- 4258 Incl. 12.8 91.1 78.3 257 0.61 0.35 0.016 0.83 -------------------------------------------------------------------- 4258 Incl. 33.8 57.6 23.8 78 1.09 0.47 0.011 1.23 -------------------------------------------------------------------- 4259 9.1 213.1 203.9 669 0.25 0.28 0.019 0.54 -------------------------------------------------------------------- 4259 Incl. 9.1 27.1 18.0 59 0.29 0.45 0.015 0.72 -------------------------------------------------------------------- 4260 33.2 155.1 121.9 400 0.52 0.22 0.009 0.60 -------------------------------------------------------------------- 4260 Incl. 103.3 115.5 12.2 40 0.68 0.33 0.014 0.84 -------------------------------------------------------------------- 4260 Incl. 146.0 155.1 9.1 30 0.78 0.44 0.020 1.05 -------------------------------------------------------------------- 4261 10.1 27.1 17.1 56 0.31 0.43 0.011 0.69 -------------------------------------------------------------------- 4261 54.6 88.1 33.5 110 0.31 0.38 0.020 0.69 -------------------------------------------------------------------- 4262 11.9 213.1 198.4 651 0.43 0.28 0.019 0.66 -------------------------------------------------------------------- 4262 Incl. 75.6 94.2 18.6 61 0.88 0.31 0.027 1.02 -------------------------------------------------------------------- 4263 30.8 201.2 170.4 559 0.33 0.41 0.050 0.90 -------------------------------------------------------------------- 4263 Incl. 30.8 159.7 128.9 423 0.35 0.46 0.058 1.00 -------------------------------------------------------------------- 4264 12.5 41.2 28.7 94 0.67 0.24 0.014 0.74 -------------------------------------------------------------------- 4265 103.3 202.4 98.8 324 0.80 0.40 0.019 1.01 -------------------------------------------------------------------- 4265 Incl. 162.5 202.4 39.9 131 1.01 0.61 0.023 1.39 -------------------------------------------------------------------- 4266 25.6 111.0 85.3 280 0.50 0.34 0.014 0.74 -------------------------------------------------------------------- 4267 31.9 202.7 170.8 561 0.27 0.52 0.020 0.81 -------------------------------------------------------------------- 4267 Incl. 41.2 115.5 74.4 244 0.29 0.60 0.017 0.88 -------------------------------------------------------------------- 4268 Anomalous results, 0.42% CuEQ over hole length of 272 feet. -------------------------------------------------------------------- 4269 14.0 202.4 188.4 618 0.35 0.38 0.030 0.77 -------------------------------------------------------------------- 4269 Incl. 14.0 82.1 68.1 224 0.58 0.60 0.033 1.15 -------------------------------------------------------------------- 4270 17.4 245.4 228.0 748 0.47 0.50 0.022 0.93 -------------------------------------------------------------------- 4270 Incl. 17.4 151.3 134.0 440 0.57 0.57 0.023 1.06 -------------------------------------------------------------------- 4271 6.4 152.4 146.0 479 0.88 0.70 0.013 1.34 -------------------------------------------------------------------- 4272 124.7 188.7 64.0 210 0.42 0.23 0.013 0.57 -------------------------------------------------------------------- 4273 Anomalous results, 0.34% CuEQ over hole length of 889 feet. -------------------------------------------------------------------- 4274 Anomalous results, 0.18% CuEQ over hole length of 936 feet. -------------------------------------------------------------------- 4275 5.5 174.5 338.0 1109 0.30 0.29 0.019 0.59 -------------------------------------------------------------------- 4275 Incl. 5.5 85.3 159.7 524 0.34 0.34 0.014 0.64 -------------------------------------------------------------------- 4275 263.7 306.3 85.3 280 0.29 0.36 0.031 0.72 -------------------------------------------------------------------- 4276 4.6 201.2 196.6 645 0.37 0.37 0.018 0.70 -------------------------------------------------------------------- 4276 Incl. 4.6 94.5 89.9 295 0.45 0.48 0.022 0.88 -------------------------------------------------------------------- 4277 91.4 291.4 200.0 656 0.39 0.41 0.025 0.80 -------------------------------------------------------------------- 4277 Incl. 91.4 134.1 42.7 140 0.62 0.34 0.044 0.98 -------------------------------------------------------------------- 4277 Incl. 200.0 291.4 91.4 300 0.40 0.54 0.025 0.93 -------------------------------------------------------------------- 4278 45.4 109.4 64.0 210 0.56 0.25 0.008 0.65 -------------------------------------------------------------------- 4278 141.1 249.6 108.5 356 0.43 0.29 0.019 0.67 -------------------------------------------------------------------- 4279 7.6 146.0 138.4 454 0.33 0.34 0.019 0.66 -------------------------------------------------------------------- 4279 Incl. 24.1 69.8 45.7 150 0.43 0.44 0.019 0.82 -------------------------------------------------------------------- 4280 10.7 191.7 178.0 584 0.36 0.26 0.013 0.56 -------------------------------------------------------------------- 4280 Incl. 18.0 73.5 55.5 182 0.53 0.35 0.010 0.75 -------------------------------------------------------------------- 4281 33.2 115.5 82.3 270 0.44 0.25 0.008 0.57 -------------------------------------------------------------------- 4281 Incl. 33.2 57.0 23.8 78 0.58 0.31 0.006 0.71 -------------------------------------------------------------------- 4282 51.5 77.3 25.8 85 0.33 0.34 0.015 0.63 -------------------------------------------------------------------- 4283 Anomalous results, 0.36% CuEQ over hole length of 1909 feet. -------------------------------------------------------------------- 4284 248.0 566.6 318.7 1046 0.46 0.46 0.019 0.86 -------------------------------------------------------------------- 4284 Incl. 248.0 399.0 151.0 496 0.64 0.56 0.020 1.08 -------------------------------------------------------------------- 4285 6.1 41.5 35.4 116 0.70 0.31 0.002 0.77 -------------------------------------------------------------------- 4286 63.7 131.1 67.4 221 0.44 0.32 0.005 0.63 -------------------------------------------------------------------- 4286 219.5 281.6 62.2 204 0.28 0.39 0.015 0.65 -------------------------------------------------------------------- 4287 45.4 237.4 192.0 630 0.29 0.46 0.052 0.94 -------------------------------------------------------------------- 4287 Incl. 45.4 87.8 42.4 139 0.51 0.81 0.052 1.42 -------------------------------------------------------------------- 4288 17.4 266.4 249.0 817 0.51 0.38 0.015 0.78 -------------------------------------------------------------------- 4288 Incl. 164.3 266.4 102.1 335 0.54 0.46 0.016 0.89 -------------------------------------------------------------------- 4289 15.2 27.1 11.9 39 0.58 0.37 0.007 0.78 -------------------------------------------------------------------- 4289 42.4 112.5 69.8 229 0.44 0.27 0.016 0.64 -------------------------------------------------------------------- 4289 210.0 300.8 90.8 298 0.38 0.47 0.014 0.79 -------------------------------------------------------------------- 4290 35.4 67.4 32.0 105 0.42 0.28 0.011 0.61 -------------------------------------------------------------------- 4290 140.2 246.9 106.7 350 0.36 0.31 0.021 0.66 -------------------------------------------------------------------- 4291 27.4 277.1 249.6 819 0.50 0.63 0.016 1.04 -------------------------------------------------------------------- 4292 212.0 652.9 440.9 1447 0.38 0.43 0.029 0.84 -------------------------------------------------------------------- 4292 Incl. 212.0 341.1 129.1 424 0.55 0.57 0.021 1.04 -------------------------------------------------------------------- 4292 Incl. 603.2 652.9 49.7 163 0.48 0.53 0.023 0.97 -------------------------------------------------------------------- 4293 247.5 716.0 468.5 1537 0.59 0.43 0.026 0.95 -------------------------------------------------------------------- 4293 Incl. 247.5 411.2 163.7 537 0.86 0.61 0.020 1.26 -------------------------------------------------------------------- 4294 21.0 554.7 533.7 1751 0.26 0.26 0.018 0.52 -------------------------------------------------------------------- 4294 Incl. 21.0 305.7 284.7 934 0.36 0.34 0.012 0.64 -------------------------------------------------------------------- 4294 Incl. 21.0 44.2 23.2 76 0.78 0.59 0.006 1.12 -------------------------------------------------------------------- 4294 Incl. 97.2 305.7 208.5 684 0.34 0.34 0.014 0.63 -------------------------------------------------------------------- 4295 42.7 231.7 189.0 620 0.39 0.44 0.023 0.82 -------------------------------------------------------------------- 4295 Incl. 51.8 125.0 73.2 240 0.53 0.66 0.020 1.11 -------------------------------------------------------------------- 4296 33.5 298.7 265.2 870 0.28 0.34 0.016 0.61 -------------------------------------------------------------------- 4296 Incl. 33.5 103.6 70.1 230 0.28 0.50 0.014 0.75 -------------------------------------------------------------------- 4297 26.5 260.0 233.5 766 0.74 0.49 0.019 1.07 -------------------------------------------------------------------- 4297 Incl. 26.5 132.0 105.5 346 1.06 0.56 0.021 1.35 -------------------------------------------------------------------- 4298 Hole Abandoned, Not Sampled -------------------------------------------------------------------- 4299 23.2 45.1 22.0 72 0.43 0.34 0.020 0.73 -------------------------------------------------------------------- 4299 75.9 274.6 198.7 652 0.45 0.34 0.017 0.72 -------------------------------------------------------------------- 4300 303.4 719.9 416.5 1367 0.65 0.46 0.033 1.06 -------------------------------------------------------------------- 4300 Incl. 303.4 435.6 132.1 434 0.98 0.66 0.017 1.38 -------------------------------------------------------------------- 4300 Incl. 627.3 719.9 92.7 304 0.52 0.31 0.081 1.09 -------------------------------------------------------------------- 4301 306.3 371.9 65.5 215 1.00 0.73 0.016 1.46 -------------------------------------------------------------------- 4302 292.9 645.6 352.7 1157 0.55 0.43 0.020 0.90 -------------------------------------------------------------------- 4302 Incl. 292.9 411.2 118.3 388 0.67 0.52 0.020 1.05 -------------------------------------------------------------------- 4302 Incl. 466.0 591.0 125.0 410 0.58 0.41 0.025 0.91 -------------------------------------------------------------------- 4303 313.2 688.5 375.4 1232 0.50 0.47 0.027 0.94 -------------------------------------------------------------------- 4303 Incl. 313.2 399.0 85.8 282 0.87 0.75 0.018 1.41 -------------------------------------------------------------------- 4303 Incl. 645.9 688.5 42.7 140 0.55 0.35 0.042 0.94 -------------------------------------------------------------------- 4304 Anomalous results, 0.20% CuEQ over hole length of 715 feet. -------------------------------------------------------------------- 4305 102.1 517.9 415.6 1364 0.27 0.30 0.022 0.59 -------------------------------------------------------------------- 4305 Incl. 102.1 120.7 18.6 61 1.38 0.60 0.012 1.55 -------------------------------------------------------------------- 4305 Incl. 150.1 240.5 90.2 296 0.42 0.36 0.022 0.75 -------------------------------------------------------------------- 4306 24.1 310.6 286.5 940 0.40 0.47 0.022 0.85 -------------------------------------------------------------------- 4306 Incl. 27.1 158.2 131.1 430 0.51 0.54 0.022 0.99 -------------------------------------------------------------------- 4307 9.1 277.4 268.2 880 0.42 0.33 0.030 0.76 -------------------------------------------------------------------- 4307 Incl. 9.1 70.1 61.0 200 0.88 0.52 0.022 1.21 -------------------------------------------------------------------- 4308 51.5 237.4 185.9 610 0.19 0.17 0.013 0.36 -------------------------------------------------------------------- 4308 Incl. 185.6 237.4 51.8 170 0.22 0.20 0.018 0.44 -------------------------------------------------------------------- 4309 15.2 127.7 112.5 369 0.44 0.25 0.019 0.64 -------------------------------------------------------------------- 4309 Incl. 15.2 54.6 39.3 129 0.74 0.36 0.026 0.98 -------------------------------------------------------------------- 4309 127.7 450.8 323.1 1060 0.34 0.34 0.024 0.70 -------------------------------------------------------------------- (1) Copper equivalent calculations use metal prices of US$0.80/lb for copper, US$350/oz for gold and US$4.50/lb for molybdenum. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum will depend upon the completion of definitive metallurgical testing. CuEQ equals Cu % + (Au g/t x 11.25/17.64) + (Mo % x 99.23/17.64) To view the maps accompanying this press release please click on the following links: https://www2.ccnmatthews.com/database/fax/2000/NDM1215a.pdf https://www2.ccnmatthews.com/database/fax/2000/NDM1215b.pdf https://www2.ccnmatthews.com/database/fax/2000/NDM1215c.pdf The TSX Venture Exchange and the American Stock Exchange have neither approved nor disapproved of the contents of this press release. Northern Dynasty Minerals Ltd. (TSX VENTURE:NDM) (OTC Bulletin Board:NDMLF) Contacts Northern Dynasty Minerals Ltd. Shawn Wallace Investor Services [phone] or Toll Free: 1-800-667-2114 Fax: [phone] Website: www.northerndynasty.com Print this Release Return to Headlines -------------------------------------------------------------------------------- Terms of Use | © Business Wire 2004 --------------------------------------------------------------------------------