Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
(Wallace Refiners) – Donlin Gold, owned 50/50 by Barrick Gold and NOVAGOLD, today shared the last set of assay results from the successful 2020 85-hole, 23,361-meter drill program.
According to the statement, assay results demonstrate higher drilled grade-thickness than predicted by previous modelling. Data collected has resulted in an improved appreciation of the controls on mineralization.
The primary objective of the 2020 drill program, the largest such campaign at Donlin Gold since 2008, was to validate and increase the confidence in recent geologic modeling concepts.
Results in both the ACMA and Lewis deposit areas exceeded grade-thickness predicted by previous modeling, with higher grades observed over narrower intervals, particularly in sedimentary rocks.
Top drill results include DC20-1930 drillhole that intersected 51.15 m grading 4.6 g/t gold, starting at 148.85 m drilled depth, including a sub interval of 7.60 m grading 12.4 g/t gold, starting at 182.40 m drilled depth.
Additional confirmation and extension drilling are being planned for the 2021 field season with a focus on further testing, orebody continuity, structural control, and geotechnical and geometallurgical data collection and analysis.
Barrick President and Chief Executive Mark Bristow said, “The highly successful and COVID-free conclusion of the 2020 drill program, and in particular the strong results Barrick and NOVAGOLD have been sharing over the past eight months, represent a major step forward in improving the geological confidence in the Donlin project, a necessary step to advancing Donlin up the value chain.” He extended his thanks to the Donlin Gold team.
Donlin Gold 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 resource categories (100 percent basis), Donlin Gold hosts one of the largest and highest-grade undeveloped open-pit gold endowments in the world.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
