Page 10 - Demo
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Greater attention was paid to the eastern side of the ACMA pit area that transitions into the Lewis pit area and has had less drilling than the main areas of the deposit.
As with the 2020 drill results, we have gained a better understanding of the definition of controls on mineralization in the deposits. The last core was logged in mid-October
with final samples sent offsite to laboratories for further processing. The core logging and assay laboratory results data will be incorporated into a geologic model update, with the subsequent shift to feasibility study update work, subject to a formal decision by the Donlin Gold LLC Board.
As the 2021 drilling was coming to a close, Barrick and NOVAGOLD held senior executive management workshops and a site visit aimed at jointly assessing results and mapping out future plans. Barrick CEO Mark Bristow and I met with local stakeholders as well as with senior Alaska federal and state representatives who expressed their continued support for the project. Following these meetings, the Donlin Gold LLC board approved an additional $3 million expenditure for 2021
Barrick Gold president & CEO Mark Bristow and NOVAGOLD president & CEO Gregory Lang at the Donlin Gold site in September 2021.
to advance studies and increase staffing in preparation for an updated feasibility study.
Final results from the 2021 drill program are expected to be released in early 2022. The camp was closed at the end of October 2021 and re-opened in January 2022 for a winter drill program that will continue into the summer and fall of 2022. Part of the objective of the 2022 exploration and drill program will be to confirm mineralization continuity and key geologic controls in other representative areas of the deposit.
The owners of this large, multi-generational, high-grade project, located on private land specially designated for mining activities in a Tier-One3 jurisdiction, have a unique opportunity to generate wealth in the area. The fact that it is being advanced in partnership with Alaska Native Corporations – who are committed to developing a mining operation consistent with the Elders’ vision of responsible development that
creates social and economic benefits while safeguarding the environment and culture – makes Donlin Gold unique.
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