Having accomplished 18 drill holes, plus further partial outcomes for one other 11 holes, the companions have detected vital new high-grade drill gap intercepts that trace of potential feeder zones for the bigger system.
“The 2021 drill program has been enormously rewarding — permitting us to enhance our data of the geology and mineralization within the ACMA and Lewis deposits which in flip will present the data required to proceed with a brand new feasibility examine,” Greg Lang, Novagold’s President and CEO, said in the statement.
After this 12 months’s drilling season, Barrick and Novagold count on to have the ability to flip their consideration in the direction of a feasibility examine for the proposed mine. The businesses are concurrently making headway on acquiring the ultimate state permits wanted to develop an operation that matches the world-class deposit.
The pending and remaining state authorization contains water permits and a proper of method settlement for the 482km (300-mile) pipeline that may ship pure fuel to the Donlin mine.
The Nationwide Environmental Coverage Act (NEPA), the US Military Corps Engineers and Bureau of Land Administration have already granted Barrick and Novagold the federal permits wanted to develop the mine at the second largest gold-producing state within the US.
In keeping with the companions, the Donlin deposit hosts one of many largest and highest-grade undeveloped open-pit gold endowments on the earth, with an estimated 39 million ounces of gold grading 2.24 grams per tonne within the measured and indicated useful resource classes.