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Donlin Gold

Technical Report

Exploration Upside

Multiple drill prospects and targets exist along the 8km trend.

The Donlin Gold property hosts a number of deposits. The current reserves and resources are contained within just three-kilometers of an eight-kilometer mineralized gold belt. With multiple drill prospects and targets existing along that trend, substantial exploration potential exists.  

The mineral reserves are based on measured and indicated mineral resources. The inferred mineral resource, containing an estimated six million ounces of gold (92 million tonnes at 2.0 g/t) within the resource pit shell, is treated as waste but is available for conversion to a higher confidence category during mining and represents upside potential to the project economics.

There is also moderate-to-high potential for the known gold zones to extend outside the pit shell. Many of these targets are close to the pit floor in areas that could be mined without significantly increasing the strip ratio or enlarging the pit footprint. Good potential exists for discovery of significant deposits outside the current mine footprint. Several drilled prospects and other exploration targets along the six-kilometer trend north of the resource area remain under-explored. The future impact on the Donlin Gold project of these exploration targets depends on the location, geological complexity and capital cost.

Footnotes

Source: Donlin Gold Project NI 43-101 Technical Report entitled “Donlin Creek Gold Project Alaska, USA, NI 43-101 Technical Report on Second Updated Feasibility Study” effective November 18, 2011, amended January 20, 2012. A copy of the Donlin Gold Technical Report is available here as well as at www.sedar.com or www.sec.gov.

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