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- Assay results for the first 25 holes (representing 30% of the length drilled) have been received to date, of which nine were previously released to the market on
August 6 . - Assay results show higher grades over thinner intervals compared to those predicted by previous modelling, particularly in sedimentary rocks.
- The
Donlin Gold team is wrapping-up site activities with the drill core being logged, cut, sampled, and shipped to assay laboratories. Site activities are now completed.
Objectives of the 2020 Drill Program and Results to Date
The primary objective of the 2020 drill program, the largest such campaign at Donlin Gold since 2008, has been to validate and increase the confidence in recent geologic modeling concepts. Once complete, it is expected to drive an update of mining schedules and life of mine business plans.
Results to date continue to exceed modeled grade-thickness, with higher grades observed over narrower intervals, particularly in sedimentary rocks. Additional assay results will be reported as they become available.
- Five of the top intervals identified since the results announced on
August 6, 2020 include:
• DC20-1877 intersected 4.17 m grading 80.6 g/t gold, starting at 123.48 m drilled depth, including a sub interval of 3.15 m grading 106.2 g/t gold, starting at 124.50 m drilled depth;
• DC20-1888 intersected 6.93 m grading 43.1 g/t gold, starting at 178.58 m drilled depth, including a sub interval of 3.25 m grading 90.5 g/t gold, starting at 180.26 m drilled depth;
• DC20-1878 intersected 19.77 m grading 11.3 g/t gold, starting at 48.86 m drilled depth, including a sub interval of 7.00 m grading 25.2 g/t gold, starting at 54.86 m drilled depth;
• DC20-1886 intersected 33.88 m grading 6.5 g/t gold, starting at 218.20 m drilled depth, including a sub interval of 7.94 m grading 11.3 g/t gold, starting at 224.20 m drilled depth; and
• DC20-1886 intersected 22.12 m grading 4.7 g/t gold, starting at 158.78 m drilled depth, including a sub interval of 4.00 m grading 12.3 g/t gold, starting at 172.90 m drilled depth. - Drill hole collar locations are shown in Figure 1.
- Drill hole orientations and depths are included in Table 1.
- Additional significant intervals are shown in Table 2.
Statements by the Owners
With the receipt of the latest drill results, the 2020 drill program continues to advance
“A comprehensive geological understanding of any orebody is a foundational step that few companies in the gold industry do well. With an orebody the size, scale, and quality of
COVID-19 Response & Community Engagement
To date, no employees or contractors at the Donlin Gold site have tested positive for COVID-19. With dedicated community partners in
About
Donlin Gold is located in
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf11d6b1-1ca0-436b-9683-7a9c480d9de7
Depicted grid system is based on NAD83 UTM zone 4N coordinates.
TABLE 1
Drill Hole Orientations* and Depths
Hole | Azimuth (°) | Inclination (°) | Depth (m) |
DC20-1865 | 237 | 79 | 227.0 |
DC20-1866 | 45 | 67 | 302.7 |
DC20-1867 | 28 | 73 | 217.5 |
DC20-1868 | 358 | 67 | 247.2 |
DC20-1869 | 330 | 72 | 175.9 |
DC20-1870 | 307 | 71 | 249.9 |
DC20-1871 | 303 | 63 | 458.4 |
DC20-1872 | 312 | 53 | 632.8 |
DC20-1873 | 250 | 49 | 274.9 |
DC20-1874** | 300 | 76 | 253.0 |
DC20-1875** | 303 | 53 | 218.5 |
DC20-1876** | 288 | 69 | 235.0 |
DC20-1877** | 303 | 73 | 249.9 |
DC20-1878** | 305 | 55 | 459.9 |
DC20-1879** | 303 | 58 | 231.0 |
DC20-1880** | 300 | 71 | 249.9 |
DC20-1881** | 299 | 52 | 256.0 |
DC20-1882** | 324 | 57 | 524.9 |
DC20-1883** | 309 | 53 | 266.4 |
DC20-1884** | 305 | 73 | 251.8 |
DC20-1885** | 278 | 64 | 296.6 |
DC20-1886** | 306 | 56 | 255.4 |
DC20-1887** | 305 | 60 | 255.4 |
DC20-1888** | 312 | 73 | 266.5 |
DC20-1889** | 328 | 57 | 406.6 |
DC20-1890 | abandoned before completion, re-drilled as 1891 | ||
DC20-1891** | 330 | 56 | 377.3 |
* Note that azimuth and inclination values vary as each hole progresses. The stated values are hole averages, rounded to the nearest degree.
**Azimuth and inclination of these holes only include data from downhole directional surveys performed by the drilling contractor. Televiewer surveys were also conducted, but those data are not yet reflected here due to interpretations in progress. Once they are included, the azimuth and inclination values could change. Assay data are not yet available from 244.5m to 251.8m in DC20-1884, from 234.5m to 255.4m in DC20-1887, all of DC20-1889, and from 188.7m to 377.3m in DC20-1891.
The owners provided an initial update on assay results in the
TABLE 2
2020 Donlin Gold Significant Assay Intervals
Hole ID | Area | From (Meters) | To (Meters) | Length (Meters) | (g/t) | |
DC20-1865 | ACMA | 136.75 | 149.16 | 12.41 | 4.91 | Reported 8/6 |
DC20-1865 | 155.50 | 174.21 | 18.71 | 2.03 | Reported 8/6 | |
DC20-1865 | 200.22 | 213.57 | 13.35 | 2.97 | Reported 8/6 | |
DC20-1865 | TOTAL | 44.47 | 3.12 | |||
DC20-1866 | ACMA | 14.00 | 17.82 | 3.82 | 3.48 | Reported 8/6 |
DC20-1866 | 35.39 | 81.30 | 45.91 | 5.03 | Reported 8/6 | |
including | 63.35 | 75.30 | 11.95 | 10.44 | Reported 8/6 | |
DC20-1866 | 98.25 | 103.42 | 5.17 | 7.01 | Reported 8/6 | |
DC20-1866 | 108.30 | 131.66 | 23.36 | 4.15 | Reported 8/6 | |
DC20-1866 | 208.44 | 221.61 | 13.17 | 4.69 | Reported 8/6 | |
DC20-1866 | 226.53 | 256.81 | 30.28 | 4.20 | Reported 8/6 | |
DC20-1866 | 266.00 | 276.76 | 10.76 | 4.72 | Reported 8/6 | |
DC20-1866 | 281.33 | 285.57 | 4.24 | 1.83 | Reported 8/6 | |
DC20-1866 | 291.00 | 296.86 | 5.86 | 5.61 | Reported 8/6 | |
DC20-1866 | TOTAL | 142.57 | 4.61 | |||
DC20-1867 | ACMA | 23.20 | 28.04 | 4.84 | 7.37 | Reported 8/6 |
DC20-1867 | 66.14 | 70.74 | 4.60 | 5.90 | Reported 8/6 | |
DC20-1867 | 92.68 | 104.00 | 11.32 | 6.17 | Reported 8/6 | |
DC20-1867 | TOTAL | 20.76 | 6.39 | |||
DC20-1868 | ACMA | 115.51 | 125.74 | 10.23 | 4.13 | Reported 8/6 |
DC20-1868 | 243.48 | 247.19 | 3.71 | 1.92 | Reported 8/6 | |
DC20-1868 | TOTAL | 13.94 | 3.54 | |||
DC20-1869 | ACMA | 10.80 | 16.15 | 5.35 | 3.22 | Reported 8/6 |
DC20-1869 | 33.30 | 43.30 | 10.00 | 2.68 | Reported 8/6 | |
DC20-1869 | 49.30 | 58.83 | 9.53 | 3.86 | Reported 8/6 | |
DC20-1869 | 128.19 | 137.60 | 9.41 | 3.08 | Reported 8/6 | |
DC20-1869 | TOTAL | 34.29 | 3.20 | |||
DC20-1870 | ACMA | 156.66 | 164.60 | 7.94 | 4.24 | Reported 8/6 |
DC20-1870 | 173.10 | 180.80 | 7.70 | 7.53 | Reported 8/6 | |
DC20-1870 | TOTAL | 15.64 | 5.86 | |||
DC20-1871 | ACMA | 12.80 | 20.80 | 8.00 | 4.01 | Reported 8/6 |
DC20-1871 | 30.35 | 72.26 | 41.91 | 11.61 | Reported 8/6 | |
including | 38.24 | 42.24 | 4.00 | 17.00 | Reported 8/6 | |
including | 55.78 | 62.26 | 6.48 | 38.77 | Reported 8/6 | |
DC20-1871 | 341.67 | 347.44 | 5.77 | 1.00 | Reported 8/6 | |
DC20-1871 | 425.97 | 435.71 | 9.74 | 1.60 | ||
DC20-1871 | TOTAL | 65.42 | 8.25 | |||
DC20-1872 | Lewis | 47.30 | 73.46 | 26.16 | 3.40 | |
DC20-1872 | 82.80 | 86.60 | 3.80 | 4.74 | ||
DC20-1872 | 163.82 | 167.70 | 3.88 | 4.39 | Reported 8/6 | |
DC20-1872 | 290.62 | 294.58 | 3.96 | 3.17 | Reported 8/6 | |
DC20-1872 | 544.34 | 555.00 | 10.66 | 1.80 | ||
DC20-1872 | 603.23 | 609.23 | 6.00 | 2.33 | ||
DC20-1872 | TOTAL | 54.46 | 3.11 | |||
DC20-1873 | Lewis | 42.90 | 53.74 | 10.84 | 4.36 | Reported 8/6 |
DC20-1873 | 60.88 | 68.54 | 7.66 | 18.40 | Reported 8/6 | |
including | 63.16 | 68.54 | 5.38 | 25.26 | Reported 8/6 | |
DC20-1873 | TOTAL | 18.50 | 10.17 | |||
DC20-1874 | ACMA | 159.39 | 169.59 | 10.20 | 7.24 | |
DC20-1874 | 174.65 | 177.97 | 3.32 | 3.51 | ||
DC20-1874 | 236.83 | 239.88 | 3.05 | 5.52 | ||
DC20-1874 | TOTAL | 16.57 | 6.18 | |||
DC20-1875 | Lewis | 18.75 | 22.64 | 3.89 | 1.50 | |
DC20-1875 | 43.17 | 47.09 | 3.92 | 1.95 | ||
DC20-1875 | 100.06 | 105.68 | 5.62 | 6.09 | ||
DC20-1875 | TOTAL | 13.43 | 3.55 | |||
DC20-1876 | Lewis | 5.62 | 18.35 | 12.73 | 5.35 | |
DC20-1876 | TOTAL | 12.73 | 5.35 | |||
DC20-1877 | ACMA | 123.48 | 127.65 | 4.17 | 80.58 | |
including | 124.50 | 127.65 | 3.15 | 106.24 | ||
DC20-1877 | TOTAL | 4.17 | 80.58 | |||
DC20-1878 | Lewis | 27.47 | 34.05 | 6.58 | 2.83 | |
DC20-1878 | 48.86 | 68.63 | 19.77 | 11.34 | ||
including | 54.86 | 61.86 | 7.00 | 25.24 | ||
DC20-1878 | 74.63 | 79.74 | 5.11 | 15.79 | ||
including | 74.63 | 77.74 | 3.11 | 21.10 | ||
DC20-1878 | 96.92 | 105.70 | 8.78 | 1.23 | ||
DC20-1878 | 120.32 | 124.31 | 3.99 | 1.83 | ||
DC20-1878 | 132.14 | 135.94 | 3.80 | 1.21 | ||
DC20-1878 | 140.90 | 154.70 | 13.80 | 3.10 | ||
DC20-1878 | 175.34 | 186.70 | 11.36 | 2.00 | ||
DC20-1878 | 198.40 | 240.70 | 42.30 | 2.03 | ||
DC20-1878 | 244.75 | 247.92 | 3.17 | 4.27 | ||
DC20-1878 | TOTAL | 118.66 | 4.31 | |||
DC20-1879 | Lewis | 62.30 | 68.44 | 6.14 | 1.85 | |
DC20-1879 | 118.57 | 149.20 | 30.63 | 2.40 | ||
DC20-1879 | TOTAL | 36.77 | 2.31 | |||
DC20-1880 | ACMA | 40.70 | 44.80 | 4.10 | 10.67 | |
DC20-1880 | 136.30 | 139.80 | 3.50 | 10.23 | ||
DC20-1880 | TOTAL | 7.60 | 10.47 | |||
DC20-1881 | ACMA | 50.75 | 55.25 | 4.50 | 3.03 | |
DC20-1881 | TOTAL | 4.50 | 3.03 | |||
DC20-1882 | Lewis | 5.00 | 9.00 | 4.00 | 4.52 | |
DC20-1882 | 15.00 | 21.00 | 6.00 | 6.54 | ||
DC20-1882 | 27.00 | 43.00 | 16.00 | 2.81 | ||
DC20-1882 | 67.00 | 71.00 | 4.00 | 1.51 | ||
DC20-1882 | 113.11 | 121.27 | 8.16 | 4.28 | ||
DC20-1882 | 160.18 | 167.55 | 7.37 | 2.11 | ||
DC20-1882 | 200.80 | 219.63 | 18.83 | 1.75 | ||
DC20-1882 | 233.97 | 245.15 | 11.18 | 4.73 | ||
DC20-1882 | 251.03 | 255.03 | 4.00 | 3.90 | ||
DC20-1882 | 302.03 | 328.53 | 26.50 | 2.24 | ||
DC20-1882 | 336.49 | 349.54 | 13.05 | 2.32 | ||
DC20-1882 | 392.24 | 402.03 | 9.79 | 2.99 | ||
DC20-1882 | TOTAL | 128.88 | 2.94 | |||
DC20-1883 | Lewis | 49.38 | 62.00 | 12.62 | 2.19 | |
DC20-1883 | 137.16 | 157.45 | 20.29 | 1.21 | ||
DC20-1883 | 172.70 | 178.97 | 6.27 | 2.54 | ||
DC20-1883 | 214.50 | 222.50 | 8.00 | 2.58 | ||
DC20-1883 | 230.00 | 234.00 | 4.00 | 9.12 | ||
DC20-1883 | 258.50 | 264.50 | 6.00 | 15.45 | ||
DC20-1883 | TOTAL | 57.18 | 3.81 | |||
DC20-1884 | ACMA | 142.50 | 152.25 | 9.75 | 5.07 | |
DC20-1884 | 163.25 | 167.10 | 3.85 | 2.17 | ||
DC20-1884 | TOTAL | 13.60 | 4.25 | |||
DC20-1885 | ACMA | 268.96 | 274.75 | 5.79 | 12.96 | |
including | 268.96 | 272.87 | 3.91 | 16.11 | ||
DC20-1885 | TOTAL | 5.79 | 12.96 | |||
DC20-1886 | Lewis | 43.76 | 49.67 | 5.91 | 2.17 | |
DC20-1886 | 125.88 | 139.80 | 13.92 | 3.47 | ||
DC20-1886 | 147.00 | 151.00 | 4.00 | 3.95 | ||
DC20-1886 | 158.78 | 180.90 | 22.12 | 4.65 | ||
including | 172.90 | 176.90 | 4.00 | 12.30 | ||
DC20-1886 | 196.80 | 212.20 | 15.40 | 3.37 | ||
DC20-1886 | 218.20 | 252.08 | 33.88 | 6.52 | ||
including | 224.20 | 232.14 | 7.94 | 11.27 | ||
DC20-1886 | TOTAL | 95.23 | 4.75 | |||
DC20-1887 | Lewis | 5.10 | 10.50 | 5.40 | 1.78 | |
DC20-1887 | 132.00 | 145.50 | 13.50 | 4.32 | ||
including | 134.00 | 138.00 | 4.00 | 10.02 | ||
DC20-1887 | 150.45 | 160.00 | 9.55 | 4.65 | ||
DC20-1887 | 177.38 | 185.00 | 7.62 | 1.65 | ||
DC20-1887 | 212.50 | 218.50 | 6.00 | 1.73 | ||
DC20-1887 | TOTAL | 42.07 | 3.22 | |||
DC20-1888 | ACMA | 178.58 | 185.51 | 6.93 | 43.12 | |
including | 180.26 | 183.51 | 3.25 | 90.49 | ||
DC20-1888 | 191.45 | 203.33 | 11.88 | 1.77 | ||
DC20-1888 | TOTAL | 18.81 | 17.00 | |||
DC20-1891 | Lewis | 8.08 | 15.39 | 7.31 | 1.65 | |
DC20-1891 | 52.99 | 76.37 | 23.38 | 2.58 | ||
DC20-1891 | 107.69 | 121.70 | 14.01 | 2.20 | ||
DC20-1891 | TOTAL | 44.70 | 2.31 |
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 244.5m to 251.8m in DC20-1884, from 234.5m to 255.4m in DC20-1887, all of DC20-1889, and from 188.7m to 377.3m in DC20-1891.
QA/QC Procedures
The QA/QC procedures for the 2020 Donlin Gold drill program and sampling protocol were developed and managed by
Downhole directional surveys were completed on all reported completed holes by both Boart Longyear drill operators and on all but one reported completed hole by
Each of ALS Limited, Boart Longyear,
Scientific and Technical Information
Certain scientific and technical information contained herein with respect to the Donlin Gold project is derived from the “Donlin Creek Gold Project Alaska, USA NI 43-101 Technical Report on Second Updated Feasibility Study” prepared by AMEC with an effective date of
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 2020 Donlin Gold drill program contained in this media release. To verify the information related to the drilling program, he has visited the project site several times during the field season; 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.
Barrick Contacts:
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+44 20 7557 7738
Email: barrick@dpapr.com
COO,
Tel: +1 416 307 5157
Email: craw@barrick.com
www.barrick.com
NOVAGOLD Contacts:
Vice President, Corporate Communications
Manager, Investor Relations
Tel: +1 604-669-6227 or 1-866-669-6227
www.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 anticipated benefits from the 2020 drill program including an improved geological model for Donlin Gold; ongoing support provided to key stakeholders including
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 including the right-of-way lease offer for the project’s buried natural gas pipeline; 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
Cautionary Note to
NOVAGOLD cautions that this media release has been prepared in accordance with the requirements of the securities laws in effect in
On
___________________
1 Donlin Gold data as per the Second Updated Feasibility Study (as defined below). Donlin Gold measured resources of approximately 8 Mt grading 2.52 g/t and indicated resources of approximately
Source:
2020 GlobeNewswire, Inc., source