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 initial assay results for 18 completed drill holes, plus
additional partial results for 11 holes from the 2021 drill
program.
- Assay results have been received from
approximately 7,500 meters of drilling:
- Significant new high-grade drill hole
intercepts in ACMA and in areas between ACMA and Lewis deposits
(“Divide”) point toward the potential feeder zones of this large
system
- Collected data support the mineral
resources, provides further information on local variability, and
further increases confidence in recent geologic modeling
concepts
- The drill program, expanded by
approximately 15 holes and 4,000 meters from the original 2021
plan, should provide important information on mineralization
continuity that will support feasibility work
Delivering Results
The primary objective of the 2021 drill program is to complete
the work necessary to validate and increase the confidence in
recent geologic modeling concepts. Initial results indicate
variable controls on mineralization in different deposit areas,
with more continuous mineralization hosted in ACMA intrusives and
more discrete intervals occurring in the sediments and intrusives
in Lewis.
The additional confirmation and extension drilling focuses on
further testing of orebody continuity and structural control, and
data collection for geotechnical and geometallurgical analysis. The
drilling program was recently expanded to test an area of ACMA for
mineralization continuity. The 2021 drill program is expected to
encompass approximately 80 holes for a total of 24,000 meters
drilled and should wrap-up in the fall. The logging and assay
results will then be incorporated into a geologic model update,
followed by a shift in focus to feasibility study work, subject to
a formal decision by the Donlin Gold Board.
Five of the top intervals received in the program to-date
include:
- DC21-1970 intersected 92.02 m grading 7.8 g/t gold, starting at
69.70 m drilled depth, including sub intervals of 3.20 m grading
29.2 g/t gold, starting at 70.70 m drilled depth; 3.01 m
grading 14.0 g/t gold, starting at 81.90 m drilled depth; 3.65 m
grading 12.5 g/t gold, starting at 104.85 m drilled depth; and 5.18
m grading 33.7 g/t gold, starting at 146.03 m drilled depth;
- DC21-1963A intersected 40.97 m grading 10.5 g/t gold, starting
at 114.30 m drilled depth, including a sub interval of 14.96 m
grading 22.2 g/t gold, starting at 117.24 m drilled
depth;
- DC21-1969 intersected 47.78 m grading 9.0 g/t gold, starting at
400.51 m drilled depth, including sub intervals of 5.98 m grading
18.1 g/t gold, starting at 401.43 m drilled depth; 11.98 m
grading 13.9 g/t gold, starting at 414.41 m drilled depth; and 5.66
m grading 11.3 g/t gold, starting at 442.63 m drilled depth;
- DC21-1959 intersected 24.44 m grading 14.6 g/t gold, starting
at 378.85 m drilled depth, including a sub interval of 6.50 m
grading 33.5 g/t gold, starting at 386.79 m drilled depth;
and,
- DC21-1961 intersected 5.74 m grading 42.2 g/t gold, starting at
275.54 m drilled depth, including a sub interval of 4.74 m grading
50.8 g/t gold, starting at 275.54 m drilled depth.
- Drill-hole collar locations and five of the top intervals are
shown in Figure 1
- Drill-hole orientations, depths and significant intervals are
shown in Tables 1 and 2, respectively, in the Appendix at the end
of this release. Those holes designated as being located in the
Divide area are on the eastern side of the ACMA pit area,
transitioning into the Lewis pit area.
Statements by the Owners
Barrick President and Chief Executive Mark Bristow said, “The
2021 drill program is validating our geologic modeling concepts; in
particular with regards to demonstrating the controls over
mineralization in the different parts of the deposits. This
improved understanding is a necessary step towards optimizing the
mine design and progressing the project up the value chain.”
Greg Lang, NOVAGOLD’s President and CEO, said, “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
proceed with a new feasibility study. Indeed, we have decided to
expand the drill program by approximately 15 holes and 4,000
meters from the original 2021 plan to test the mineralization
continuity in a targeted area of the ACMA deposit. As with last
year’s program, drilling has delivered multiple examples of
outstanding gold intercepts. Excellent results, such as those
reported today, reinforce our belief in the uniqueness of an asset
like Donlin Gold, whose combination of outstanding size, quality,
and exploration upside are clearly among the only answers to an
industry defined by an era of declining reserves, lackluster gold
grades and ever-increasing jurisdictional risk.”
Dan Graham, General Manager of Donlin Gold added, “We are proud
of the work accomplished by our site crew. We have operated a clean
camp for the second season in a row amidst the COVID pandemic,
exceeded our productivity rates, while maintaining an excellent
safety and environmental record. During the 2021 drill program, 70%
of our direct hires were shareholders from Calista Corporation
(Calista), which included the new camp catering contract with a
Calista subsidiary. Worker safety, environmental stewardship, and
benefits to the region remain top priorities for Donlin Gold.”
About Donlin Gold
The Donlin Gold project is located in Alaska, the second largest
gold-producing state in the U.S. With approximately 39 million
ounces of gold grading 2.24 grams per tonne in the measured and
indicated mineral resource categories (100 percent basis)1, Donlin
Gold hosts one of the largest and highest-grade undeveloped
open-pit gold endowments in the world. The planned pits in which
the existing resources are sited occupy only three kilometers of an
eight-kilometer mineralized belt, which itself is located on less
than 5% of Donlin Gold’s land position. Current activities at
Donlin Gold are focused on the drill program, optimization efforts,
community outreach, and advancing the remaining State permitting
actions.
Donlin Gold is a committed partner to the Alaska Native
communities both surrounding the project and within the State as a
whole. This commitment underpins our approach and is also reflected
in the way in which the asset itself is structured. An important
factor that distinguishes Donlin Gold from most other mining assets
in Alaska is that the project is located on private land designated
for mining activities five decades ago. Donlin Gold has entered
into life-of-mine agreements with Calista, which owns the
subsurface mineral rights and some surface land rights, and The
Kuskokwim Corporation (TKC), a collection of 10 village
corporations, which owns the majority of surface land rights, and
is committed to providing employment opportunities, scholarships,
and preferential contract considerations to Calista and TKC
shareholders. These agreements include a revenue-sharing structure
established in the Alaska Native Claims Settlement Act of 1971,
which resolved Alaska Native land claims and allotted 44 million
acres of land for use by Alaska Native Corporations. Additionally,
our long-term commitment to economic development in the
Yukon-Kuskokwim region is exemplified by Donlin Gold’s support of
TKC’s initiative to launch energy and infrastructure projects in
middle Kuskokwim villages. These partnerships, activities, and
programs are illustrative of the commitment to the sustainable and
responsible development of the Donlin Gold project for the benefit
of all stakeholders.
FIGURE 1 Drill Hole Collar Locations
Depicted grid system is based on NAD83 UTM zone 4N
coordinates.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f6636823-359c-4048-a10b-6a149ce2eb09
QA/QC Procedures
The QA/QC procedures for the 2021 Donlin Gold project drill
program and sampling protocol were developed and managed by Donlin
Gold and overseen by Barrick and NOVAGOLD. The chain of custody
from the drill site to the sample preparation facility was
continuously monitored. All samples are HQ-diameter core.
Approximately 94% core recovery has been achieved to-date. Core was
logged, cut, and sampled at site by Donlin Gold employees. Samples
were primarily collected on one- to two-meter lengths. Sampled
half-core was crushed in Bureau Veritas’ Fairbanks, Alaska sample
preparation facility. Crushed samples were sent to the Bureau
Veritas lab in Vancouver, British Columbia for pulverizing and gold
assays and pulverized splits to an ALS Limited lab in Vancouver,
British Columbia for multi-element analysis. At least
14 quality control samples (four standards, four coarse
blanks, two pulp blanks, two coarse duplicates, and two pulp
duplicates) were inserted into each batch of 80 samples. The review
of the quality control samples did not indicate any bias or error.
There are no known factors that would materially affect the
accuracy or reliability of the drill program data referred to in
this media release.
Downhole directional surveys were completed on all reported
completed holes by Boart Longyear drill operators, and collar
surveys were completed on all holes by Professional Licensed
Surveyors from Brice Engineering LLC.
Each of Bureau Veritas, ALS Limited, Boart Longyear, and Brice
Engineering LLC are independent of Donlin Gold, Barrick, and
NOVAGOLD.
Scientific and Technical Information
Certain scientific and technical information contained herein
with respect to the Donlin Gold project is derived from the “NI
43-101 Technical Report on the Donlin Gold Project, Alaska, USA”
prepared by Wood Canada Limited with an effective date of June 1,
2021 (the “2021 Technical Report”). Henry Kim, P.Geo., Senior
Resource Geologist, Wood Canada Limited; Mike Woloschuk, P.Eng., VP
Global Business Development & Consulting, Wood Group USA, Inc.;
and Kirk Hanson, MBA, P.E., Technical Director, Open Pit Mining,
Wood Group USA, Inc. are the Qualified Persons responsible for the
preparation of the independent technical report, and each is an
independent Qualified Person as defined by National Instrument
43-101 (“NI 43-101”).
Clifford Krall, P.E., who is the Mine Engineering Manager for
NOVAGOLD and a Qualified Person under NI 43-101, has approved
and verified the scientific and technical information related to
the 2021 Donlin Gold project drill program and 2021 Technical
Report contained in this media release. To verify the information
related to the drilling program, he has visited the property
several times over the past two years; discussed and observed
logging, sampling, and sample shipping processes with responsible
site staff; discussed and reviewed assay and QA/QC results with
responsible personnel; and reviewed supporting documentation,
including drill hole location and orientation and significant assay
interval calculations.
Octavia Bath, P.Geo., who is a Barrick Mineral Resource Manager
and a Qualified Person under NI 43-101 has reviewed and
approved the assay results for the Donlin Gold project contained in
this media release.
Barrick Contacts:Kathy du PlessisInvestor and
Media Relations+44 20 7557 7738Email: barrick@dpapr.com
Catherine RawCOO, North AmericaTel: +1
416-307-5157www.barrick.com
NOVAGOLD Contacts:
Mélanie HennesseyVice President, Corporate CommunicationsJason
MercierManager, Investor Relations
Tel: +1 604-669-6227 or 1-866-669-6227www.novagold.com
Cautionary Note Regarding Forward-Looking
Statements
This media release includes certain “forward-looking
information” and “forward-looking statements” (collectively
“forward-looking statements”) within the meaning of applicable
securities legislation, including the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are frequently, but not always, identified by words such
as “expects”, “anticipates”, “believes”, “intends”, “estimates”,
“potential”, “possible”, and similar expressions, or statements
that events, conditions, or results “will”, “may”, “could”, “would”
or “should” occur or be achieved. Forward-looking statements are
necessarily based on several opinions, estimates and assumptions
that management of Barrick and NOVAGOLD considered appropriate and
reasonable as of the date such statements are made, are subject to
known and unknown risks, uncertainties, assumptions, and other
factors that may cause the actual results, activity, performance,
or achievements to be materially different from those expressed or
implied by such forward-looking statements. All statements, other
than statements of historical fact, included herein are
forward-looking statements. These forward-looking statements
include statements regarding the work program for the 2021 field
season, anticipated benefits from the 2020 and 2021 drill programs
including an improved geological model for Donlin Gold; ongoing
support provided to key stakeholders including Native Corporation
partners; the potential impact of the COVID-19 pandemic on the
development of Donlin Gold; the potential development and
construction of Donlin Gold; the sufficiency of funds to continue
to advance development of Donlin Gold; perceived merit of
properties; mineral reserve and resource estimates; Donlin Gold’s
ability to secure the permits needed to construct and operate the
Donlin Gold project in a timely manner, if at all; and legal
challenges to Donlin Gold’s existing permits; . In addition, any
statements that refer to expectations, intentions, projections or
other characterizations of future events or circumstances are
forward-looking statements. Forward-looking statements are not
historical facts but instead represent the management expectations
of Donlin Gold’s, Barrick’s and NOVAGOLD’s estimates and
projections regarding future events or circumstances on the date
the statements are made.
Important factors that could cause actual results to differ
materially from expectations include the need to obtain additional
permits and governmental approvals; the timing and likelihood of
permits; the need for additional financing to explore and develop
properties and availability of financing in the debt and capital
markets; the outbreak of the coronavirus global pandemic
(COVID-19); uncertainties involved in the interpretation of drill
results and geological tests and the estimation of reserves and
resources; changes in mineral production performance, exploitation
and exploration successes; changes in national and local government
legislation, taxation, controls or regulations and/or changes in
the administration of laws, policies and practices, expropriation
or nationalization of property and political or economic
developments in the United States or Canada; the need for continued
cooperation between Barrick and NOVAGOLD for the continued
exploration, and development and eventual construction of the
Donlin Gold project; the need for cooperation of government
agencies and native groups in the development and operation of
properties; risks of construction and mining projects such as
accidents, equipment breakdowns, bad weather, disease pandemics,
non-compliance with environmental and permit requirements,
unanticipated variation in geological structures, ore grades or
recovery rates; unexpected cost increases, which could include
significant increases in estimated capital and operating costs;
fluctuations in metal prices and currency exchange rates; whether a
positive construction decision will be made regarding Donlin Gold;
and other risks and uncertainties disclosed in Barrick's most
recent Form 40-F/Annual Information Form on file with the SEC and
Canadian provincial securities and NOVAGOLD’s most recent reports
on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of
those reports and other documents filed by Barrick and NOVAGOLD
with applicable securities regulatory authorities from time to
time. Copies of these filings may be obtained by visiting
NOVAGOLD’s website at www.novagold.com, Barrick’s website at
www.barrick.com, or the SEC's website at www.sec.gov, or at
www.sedar.com. The forward-looking statements contained herein
reflect the beliefs, opinions, and projections of Donlin Gold,
NOVAGOLD, and Barrick on the date the statements are made. Donlin
Gold, NOVAGOLD and Barrick assume no obligation to update the
forward-looking statements of beliefs, opinions, projections, or
other factors, should they change, except as required by law.
Cautionary Note to NOVAGOLD’s United States
Investors
NOVAGOLD caution that this media release has been prepared in
accordance with the requirements of the securities laws in effect
in Canada, which differ from the requirements of U.S. securities
laws. Unless otherwise indicated, all resource and reserve
estimates included in this media release have been prepared in
accordance with Canadian National Instrument 43-101 Standards of
Disclosure for Mineral Projects (“NI 43-101”) and the Canadian
Institute of Mining, Metallurgy and Petroleum (CIM)—CIM Definition
Standards on Mineral Resources and Mineral Reserves, adopted by the
CIM Council, as amended (“CIM Definition Standards”). NI 43-101 is
a rule developed by the Canadian Securities Administrators which
establishes standards for all public disclosure an issuer makes of
scientific and technical information concerning mineral projects.
Canadian standards, including NI 43-101, differ significantly from
the requirements of the United States Securities and Exchange
Commission (SEC) Industry Guide 7 (“SEC Industry Guide 7”), and
resource and reserve information contained herein may not be
comparable to similar information disclosed by U.S. companies.
NOVAGOLD’s disclosure concerning Reserve & Resources Estimates
remains consistent with NI 43-101. Under SEC Industry Guide 7,
mineralization may not be classified as a "reserve” unless the
determination has been made that the mineralization could be
economically and legally produced or extracted at the time the
reserve determination is made. SEC Industry Guide 7 normally does
not permit the inclusion of information concerning "measured
mineral resources”, "indicated mineral resources” or "inferred
mineral resources” or other descriptions of the amount of
mineralization in mineral deposits that do not constitute
"reserves” under SEC Industry Guide 7 in documents filed with the
SEC. Investors should also understand that "inferred mineral
resources” have a great amount of uncertainty as to their existence
and great uncertainty as to their economic and legal feasibility.
Under Canadian rules, estimated "inferred mineral resources” may
not form the basis of feasibility or pre-feasibility studies except
in rare cases. Disclosure of "contained ounces” in a resource is
permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does
not constitute "reserves” under SEC Industry Guide 7 as in-place
tonnage and grade without reference to unit measures. The
requirements of NI 43-101 for identification of "reserves” are also
not the same as those of SEC Industry Guide 7, and reserves
reported by NOVAGOLD in compliance with NI 43-101 may not qualify
as "reserves” under SEC Industry Guide 7. Donlin Gold does not have
known reserves, as defined under SEC Industry Guide 7. Accordingly,
information concerning mineral deposits set forth herein may not be
comparable with information made public by companies that report in
accordance with SEC Industry Guide 7.
On October 31, 2018, the SEC adopted a final rule (“New Final
Rule”) that will replace SEC Industry Guide 7 with new disclosure
requirements that are more closely aligned with current industry
and global regulatory practices and standards, including NI 43-101.
Companies must comply with the New Final Rule for the Company’s
first fiscal year beginning on or after January 1, 2021, which for
NOVAGOLD would be the fiscal year beginning December 1, 2021. The
New Final Rule provides that SEC Industry Guide 7 will remain
effective until all registrants are required to comply with the New
Final Rule, at which time SEC Industry Guide 7 will be rescinded.
While early voluntary compliance with the New Final Rule is
permitted, NOVAGOLD has not elected to comply with the New Final
Rule at this time.
APPENDIX
TABLE 1Drill Hole Orientations* and
Depths
Hole |
Azimuth (°) |
Inclination (°) |
Depth (m) |
DC21-1952 |
349 |
74 |
319.7 |
DC21-1953 |
302 |
70 |
222.5 |
DC21-1954 |
353 |
60 |
480.4 |
DC21-1955 |
128 |
56 |
313.3 |
DC21-1956B |
335 |
65 |
315.3 |
DC21-1957 |
281 |
66 |
223.7 |
DC21-1958 |
332 |
54 |
350.2 |
DC21-1959 |
356 |
59 |
483.1 |
DC21-1960 |
351 |
60 |
214.9 |
DC21-1961 |
164 |
59 |
291.4 |
DC21-1962 |
231 |
58 |
289.3 |
DC21-1963A |
188 |
71 |
224.9 |
DC21-1964 |
349 |
56 |
469.5 |
DC21-1965 |
191 |
72 |
225.3 |
DC21-1966 |
346 |
79 |
150.0 |
DC21-1967A |
330 |
55 |
350.2 |
DC21-1968 |
162 |
46 |
177.7 |
DC21-1969 |
282 |
56 |
549.9 |
DC21-1970 |
272 |
63 |
306.0 |
DC21-1971 |
160 |
57 |
274.5 |
DC21-1972 |
345 |
62 |
349.9 |
DC21-1973 |
350 |
60 |
255.1 |
DC21-1974 |
309 |
68 |
206.7 |
DC21-1975 |
141 |
57 |
322.8 |
DC21-1976 |
274 |
60 |
502.3 |
DC21-1977 |
3 |
68 |
350.2 |
DC21-1978 |
29 |
61 |
324.9 |
DC21-1980 |
353 |
66 |
353.0 |
DC21-1981 |
282 |
84 |
254.8 |
* Note that azimuth and inclination values vary as each hole
progresses. The stated values are hole averages, rounded to the
nearest degree.
TABLE 22021 Donlin Gold Significant
Assay Intervals
Hole ID |
Area |
From(Meters) |
To(Meters) |
Length(Meters) |
Au Grade(g/t) |
DC21-1952 |
ACMA |
50.15 |
68.65 |
18.50 |
1.90 |
DC21-1952 |
|
117.90 |
134.95 |
17.05 |
3.19 |
DC21-1952 |
|
229.35 |
246.05 |
16.70 |
1.60 |
DC21-1952 |
|
252.05 |
273.35 |
21.30 |
3.07 |
DC21-1952 |
|
TOTAL |
|
73.55 |
2.47 |
DC21-1954 |
Divide |
43.06 |
63.51 |
20.45 |
1.46 |
DC21-1954 |
|
75.35 |
81.95 |
6.60 |
4.34 |
DC21-1954 |
|
90.07 |
97.60 |
7.53 |
3.04 |
DC21-1954 |
|
118.60 |
147.22 |
28.62 |
1.81 |
DC21-1954 |
|
151.25 |
158.98 |
7.73 |
1.65 |
DC21-1954 |
|
267.65 |
272.80 |
5.15 |
2.94 |
DC21-1954 |
|
285.80 |
296.80 |
11.00 |
3.71 |
DC21-1954 |
|
353.46 |
359.84 |
6.38 |
2.87 |
DC21-1954 |
|
427.42 |
431.14 |
3.72 |
3.16 |
DC21-1954 |
|
TOTAL |
|
97.18 |
2.39 |
DC21-1955 |
ACMA |
70.45 |
74.45 |
4.00 |
3.06 |
DC21-1955 |
|
110.55 |
125.21 |
14.66 |
4.51 |
DC21-1955 |
|
179.58 |
182.58 |
3.00 |
4.91 |
DC21-1955 |
|
218.66 |
224.00 |
5.34 |
7.06 |
DC21-1955 |
|
TOTAL |
|
27.00 |
4.84 |
DC21-1956B |
Divide |
190.97 |
208.90 |
17.93 |
2.53 |
DC21-1956B |
|
260.50 |
275.66 |
15.16 |
2.20 |
DC21-1956B |
|
TOTAL |
|
33.09 |
2.38 |
DC21-1957 |
ACMA |
139.92 |
142.92 |
3.00 |
22.25 |
DC21-1957 |
|
TOTAL |
|
3.00 |
22.25 |
DC21-1958 |
ACMA |
22.46 |
30.30 |
7.84 |
2.07 |
DC21-1958 |
|
108.18 |
119.70 |
11.52 |
3.27 |
DC21-1958 |
|
132.80 |
136.40 |
3.60 |
1.69 |
DC21-1958 |
|
210.10 |
223.93 |
13.83 |
5.55 |
DC21-1958 |
|
260.56 |
266.87 |
6.31 |
1.36 |
DC21-1958 |
|
288.31 |
294.44 |
6.13 |
1.28 |
DC21-1958 |
|
TOTAL |
|
49.23 |
3.11 |
DC21-1959 |
Divide |
44.75 |
48.75 |
4.00 |
2.76 |
DC21-1959 |
|
199.66 |
213.88 |
14.22 |
4.92 |
DC21-1959 |
|
279.20 |
284.07 |
4.87 |
1.45 |
DC21-1959 |
|
361.20 |
369.37 |
8.17 |
1.48 |
DC21-1959 |
|
378.85 |
403.29 |
24.44 |
14.65 |
including |
|
386.79 |
393.29 |
6.50 |
33.52 |
DC21-1959 |
|
TOTAL |
|
55.70 |
8.22 |
DC21-1960 |
ACMA |
27.74 |
39.93 |
12.19 |
4.55 |
DC21-1960 |
|
138.20 |
147.68 |
9.48 |
2.52 |
DC21-1960 |
|
TOTAL |
|
21.67 |
3.66 |
DC21-1961 |
Lewis |
158.29 |
173.69 |
15.40 |
1.25 |
DC21-1961 |
|
275.54 |
281.28 |
5.74 |
42.24 |
including |
|
275.54 |
280.28 |
4.74 |
50.76 |
DC21-1961 |
|
TOTAL |
|
21.14 |
3.66 |
DC21-1962 |
Lewis |
159.71 |
193.08 |
33.37 |
5.21 |
DC21-1962 |
|
TOTAL |
|
33.37 |
5.21 |
DC21-1963A |
ACMA |
114.30 |
155.27 |
40.97 |
10.54 |
including |
|
117.24 |
132.20 |
14.96 |
22.22 |
DC21-1963A |
|
167.22 |
171.22 |
4.00 |
1.73 |
DC21-1963A |
|
TOTAL |
|
44.97 |
3.66 |
DC21-1964 |
Divide |
75.11 |
83.10 |
7.99 |
3.11 |
DC21-1964 |
|
93.10 |
100.70 |
7.60 |
1.40 |
DC21-1964 |
|
219.68 |
237.35 |
17.67 |
5.06 |
DC21-1964 |
|
255.59 |
304.70 |
49.11 |
4.88 |
including |
|
275.00 |
278.30 |
3.30 |
25.25 |
DC21-1964 |
|
379.76 |
385.00 |
5.24 |
1.95 |
DC21-1964 |
|
TOTAL |
|
87.61 |
3.66 |
DC21-1965 |
ACMA |
143.64 |
146.85 |
3.21 |
6.42 |
DC21-1965 |
|
151.41 |
172.21 |
20.80 |
8.30 |
including |
|
166.12 |
171.16 |
5.04 |
11.48 |
DC21-1965 |
|
TOTAL |
|
24.01 |
3.66 |
DC21-1966 |
Lewis |
83.00 |
89.00 |
6.00 |
30.80 |
DC21-1966 |
|
TOTAL |
|
6.00 |
30.80 |
DC21-1967A |
ACMA |
32.81 |
36.78 |
3.97 |
3.28 |
DC21-1967A |
|
77.72 |
86.00 |
8.28 |
2.68 |
DC21-1967A |
|
111.13 |
117.15 |
6.02 |
1.59 |
DC21-1967A |
|
202.15 |
208.80 |
6.65 |
5.53 |
DC21-1967A |
|
256.37 |
268.34 |
11.97 |
2.70 |
DC21-1967A |
|
298.99 |
304.95 |
5.96 |
3.15 |
DC21-1967A |
|
TOTAL |
|
42.85 |
3.10 |
DC21-1968 |
Lewis |
33.70 |
36.75 |
3.05 |
13.39 |
DC21-1968 |
|
TOTAL |
|
3.05 |
13.39 |
DC21-1969 |
ACMA |
252.30 |
287.37 |
35.07 |
2.68 |
DC21-1969 |
|
295.80 |
320.84 |
25.04 |
2.36 |
DC21-1969 |
|
326.84 |
354.00 |
27.16 |
7.97 |
including |
|
330.40 |
343.79 |
13.39 |
14.88 |
DC21-1969 |
|
400.51 |
448.29 |
47.78 |
9.00 |
including |
|
401.43 |
407.41 |
5.98 |
18.07 |
including |
|
414.41 |
426.39 |
11.98 |
13.9 |
including |
|
442.63 |
448.29 |
5.66 |
11.3 |
DC21-1969 |
|
457.80 |
467.56 |
9.76 |
1.62 |
DC21-1969 |
|
477.00 |
480.41 |
3.41 |
2.53 |
DC21-1969 |
|
TOTAL |
|
148.22 |
5.56 |
DC21-1970 |
ACMA |
8.50 |
14.50 |
6.00 |
2.40 |
DC21-1970 |
|
20.37 |
33.40 |
13.03 |
3.57 |
DC21-1970 |
|
41.40 |
49.08 |
7.68 |
11.61 |
including |
|
44.88 |
49.08 |
4.20 |
18.92 |
DC21-1970 |
|
69.70 |
161.72 |
92.02 |
7.75 |
including |
|
70.70 |
73.90 |
3.20 |
29.2 |
including |
|
81.90 |
84.91 |
3.01 |
14.0 |
including |
|
104.85 |
108.50 |
3.65 |
12.5 |
including |
|
146.03 |
151.21 |
5.18 |
33.7 |
DC21-1970 |
|
TOTAL |
|
118.73 |
7.27 |
DC21-1971 |
Lewis |
10.30 |
24.34 |
14.04 |
2.70 |
DC21-1971 |
|
54.27 |
66.15 |
11.88 |
4.47 |
DC21-1971 |
|
128.86 |
139.97 |
11.11 |
4.41 |
DC21-1971 |
|
242.75 |
251.08 |
8.33 |
2.14 |
DC21-1971 |
|
263.68 |
267.63 |
3.95 |
1.51 |
DC21-1971 |
|
TOTAL |
|
49.31 |
3.32 |
DC21-1972 |
Lewis |
142.08 |
149.95 |
7.87 |
12.03 |
including |
|
142.08 |
146.89 |
4.81 |
17.59 |
DC21-1972 |
|
174.77 |
177.87 |
3.10 |
3.06 |
DC21-1972 |
|
247.40 |
259.40 |
12.00 |
5.68 |
DC21-1972 |
|
TOTAL |
|
22.97 |
7.50 |
DC21-1973 |
Lewis |
4.42 |
12.04 |
7.62 |
2.07 |
DC21-1973 |
|
22.00 |
37.00 |
15.00 |
3.58 |
DC21-1973 |
|
204.60 |
209.60 |
5.00 |
1.61 |
DC21-1973 |
|
239.40 |
243.40 |
4.00 |
5.78 |
DC21-1973 |
|
TOTAL |
|
31.62 |
3.18 |
DC21-1974 |
ACMA |
18.02 |
31.05 |
13.03 |
4.95 |
DC21-1974 |
|
102.50 |
106.50 |
4.00 |
5.23 |
DC21-1974 |
|
TOTAL |
|
17.03 |
5.01 |
DC21-1976 |
ACMA |
23.44 |
27.44 |
4.00 |
6.63 |
DC21-1976 |
|
TOTAL |
|
4.00 |
6.63 |
DC21-1977 |
Divide |
61.82 |
65.82 |
4.00 |
4.07 |
DC21-1977 |
|
85.35 |
90.35 |
5.00 |
1.52 |
DC21-1977 |
|
103.58 |
113.00 |
9.42 |
2.65 |
DC21-1977 |
|
117.80 |
130.45 |
12.65 |
2.67 |
DC21-1977 |
|
140.35 |
150.35 |
10.00 |
2.03 |
DC21-1977 |
|
175.70 |
179.70 |
4.00 |
8.78 |
DC21-1977 |
|
187.70 |
198.02 |
10.32 |
3.66 |
DC21-1977 |
|
202.08 |
206.71 |
4.63 |
2.46 |
DC21-1977 |
|
221.25 |
228.99 |
7.74 |
9.57 |
DC21-1977 |
|
293.95 |
300.80 |
6.85 |
8.92 |
DC21-1977 |
|
315.80 |
329.33 |
13.53 |
6.48 |
including |
|
325.33 |
328.33 |
3.00 |
27.33 |
DC21-1977 |
|
TOTAL |
|
88.14 |
4.65 |
DC21-1980 |
Lewis |
138.52 |
151.56 |
13.04 |
3.74 |
DC21-1980 |
|
170.22 |
174.00 |
3.78 |
3.59 |
DC21-1980 |
|
202.00 |
206.00 |
4.00 |
2.09 |
DC21-1980 |
|
TOTAL |
|
20.82 |
3.40 |
DC21-1981 |
ACMA |
5.79 |
33.55 |
27.76 |
1.89 |
DC21-1981 |
|
38.64 |
81.24 |
42.60 |
1.91 |
DC21-1981 |
|
TOTAL |
|
70.36 |
1.90 |
Significant intervals represent drilled intervals and not
necessarily true thickness of mineralization. Mineralized intervals
meet or exceed 3 meters in length above 1 g/t. A maximum of 4
meters of continuous dilution (< 1 g/t) is permitted.
Any drill intervals not depicted in this table did not meet the
significant interval criteria. Assay data are not yet available
from 0 m to 133.6 m in DC21-1956B, 217.9 m to 289.3 m in DC21-1962,
110.7 m to 209.7 m in DC21-1964, 124.6 m to 205.6 m in
DC21-1969, 169.7 m to 248.3 m in DC21-1970, 58.7 m to 166.6 m
in DC21-1973, 172.4 m to 281.5 m in DC21-1975, 65.6 m to 502.3 m in
DC21-1976, 127.9 m to 243.4 m in DC21-1978, all of DC21-1979,
0 m to 119.9 m and 233.5 m to 353.0 m in DC21-1980, 102.5 m to
254.8 m in DC21-1981, and all of holes DC21-1982 through
DC21-2006.
__________________
1 Donlin Gold data as per the 2021 Technical Report (as defined
below). Donlin Gold measured resources of approximately 8 Mt
grading 2.52 g/t and indicated resources of approximately 534 Mt
grading 2.24 g/t, each on a 100% basis, of which Barrick and
NOVAGOLD each own 50%. Mineral resources have been estimated in
accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects (“NI 43-101”).
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