Post by
Betteryear2 on Feb 28, 2022 8:09am
Donlin Gold Announces Final Assay Results for 2021 Drill Prg
Highlights Include Numerous High-Grade Gold Intercepts Coupled With Important Grade Continuity
2022 Project Budget is Largest in Over a Decade
ANCHORAGE, Alaska, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Donlin Gold LLC (“Donlin Gold”), owned 50:50 by Barrick Gold Corporation (“Barrick”) (TSX: ABX) (NYSE: GOLD) and NOVAGOLD RESOURCES INC. (“NOVAGOLD”) (TSX, NYSE American: NG), is pleased to report the release of the final set of assay results from the 2021 drill program. The remaining assay results for the 22 partial drill holes reported in previous releases and complete assay results for the final 21 drill holes of the 2021 drill program are reported below.
- Comprehensive 79-hole, 24,264-meter 2021 drill program produced multiple high-grade gold intercepts. The results support the existing global resource estimate, the recent modelling concepts, and strategic mine planning work
- With extensive communication and the application of health and safety protocols, COVID-19 cases at site during 2021 were minimal and there were no lost-time incidents
- With the largest project budget in more than a decade, the owners have a plan in place to advance the Donlin Gold project up the value chain in 2022 and position the project to be able to proceed with the preparation of an updated feasibility study, subject to Donlin Gold LLC Board approval
- Donlin Gold partnered with local communities in 2021 to provide support and resources in health and safety, environmental management, training and education, as well as cultural initiatives in the Yukon-Kuskokwim (Y-K) region
- Additional State permits for the project were received at the end of 2021 – the Alaska Department of Fish and Game issued two Special Area Permits required for pipeline facilities. In December 2021, the Alaska Department of Environmental Conservation approved a third extension of the air quality permit
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