While Novagold and Paulson are committed to exploring this larger potential in the coming years, their initial focus is on upgrading and expanding the immediate deposit in preparation for mine development. Kaplan told investors that the new Donlin Gold partners are already working on assembling a team to complete the feasibility study, which will take the team to a construction decision. Novagold anticipates that it will take about two years to complete the new feasibility study for Donlin Gold. The potential for Donlin to deliver more than the 1.1 million oz per year previously considered is something Paulson indicated in April. "Enjoying excellent social license and formidable exploration upside potential to significantly expand its resources and production profile, Donlin Gold constitutes a superb opportunity for us to gain leverage to gold in the United States at an attractive valuation," he said upon announcing he was buying out Bar- rick's interest. — Shane Lasley, North of 60 Mining News
Corporate Affairs Thom Leonard said during a June 23 visit to the Donlin Gold project. Leonard's assessment of the Don- lin Gold project's potential impacts at both the regional and global levels is not hyperbole. The world-class deposit atDonlin encompasses 45 million oz of gold in 541.3 million metric tons of measured and indicated resources averaging 2.24 grams per metric ton (39 million oz) gold and 92.2 million metric tons of inferred resource averaging 2.02 g/t gold. "As one of the largest known undeveloped gold deposits globally, with approximately 39 million ounces in measured and indicated resources at a grade of 2.24 grams per tonne — more than twice the industry average — we believe Donlin Gold offers sig - nificant production and exploration upside potential," said Lang. There is ample geological evidence that the current resource represents less than half of the overall deposit. Geologists familiar with Donlin have estimated that an overall five-mile trend already detailed through map- ping, sampling, and geophysics hosts at least 100 million oz of gold.
pursue the development of the proj- ect," Barrick Mining President and CEO Mark Bristow said upon the April announcement of the sale. This changing of the guard marked a significant turning point for Nova - gold and the Donlin Gold mine. "This collaboration represents a major milestone in our ongoing com- mitment to unlock the full value of the Donlin Gold project," said Lang. "The personal involvement of John Paulson — one of the most respected and forward-thinking investors in the gold sector — underscores the exceptional quality of the Donlin Gold project." For Calista, TKC, and their Alas- ka Native shareholders, the renewed commitment to unlocking Donlin Gold's value represents a potential economic lift that could be a game changer for the Yukon-Kuskokwim region of Southwest Alaska that has been more than five decades in the making. "We now know this is a world- class deposit – it is going to shift the gold market, but also, just as important, perhaps more important, it is going to shift the economy of our region," Calista Vice President of
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