Mining News

Barrick, NovaGold closer to Donlin mine decision

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oint venture partners Barrick Gold (TSX: ABX) (NYSE: GOLD) and NovaGold Resources (TSX: NG) have published the first results of their 24,000-meter drilling program for their Donlin gold project in in Southwest Alaska, which will likely provide the final data needed for an optimized mine plan at the 39-million-ounce gold asset. 

The primary objective of the 2021 drill program is to complete necessary work to validate and increase confidence in recent geologic modeling concepts at Dolin. 

Having completed 18 drill holes, plus additional partial results for another 11 holes, the partners have detected significant new high-grade drill hole intercepts that hint of potential feeder zones for the larger system. 

Barrick and Novagold are simultaneously making headway on obtaining the final state permits needed to develop an operation that matches the world-class deposit. 

“The 2021 drill program has been enormously rewarding — allowing us to improve our knowledge of the geology and mineralization in the ACMA and Lewis deposits which in turn will provide the information required to proceedanturn3 et;right:0;bottom:calc(101% + var(--ha-tooltip-arrow-distance));left:0;margin:0 auto}.ha-advanced-too3 8uomatcM? Greg Lang, evelop a’ onP hoes, t et;rCEO,ill-Program-Ressults-Continue-to-Deliver-for-Project-Advancement/default.aspx" target="_blank" rel="noopener">have published the first results of their 24,000-meter drilling program for their Dosaidedantur>“Theirect e our knowlA gta"0","ayear’ on provide scedon, needed to  evelop a exped mmarbple mmar+ var needeatsly sly oMA a onaanced-too3 8uomaton obtainrginott21 dril. e ofs haani  operation that matches the world-class deposit. 

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