Pogo Mine: Northern Star Resources’ Golden Investment Contributed Photo
SPECIAL TO THE ALASKA MINER Northern Star Resources Limited (Northern Star) T^NPWPM]L_TYRZYPdPL]^TYNPT_^LN\`T^T_TZYZQ;ZRZ Mine. The mine was purchased for US$260M, but _SPTYaP^_XPY_OTOYɪ_^_Z[_SP]PbT_S^TRYTʭNLY_ investments in innovation, business improvement, Pc[WZ]L_TZYLYOLSPLOWTYPʭR`]PZQ@> 8XTWW cap ex and US$4.73M mine cap ex to develop and bring online new mining areas at Pogo. Exploration >TYNP_SPLN\`T^T_TZY9Z]_SP]Y>_L]SL^]L[TOWd advanced exploration drilling, both on the surface and underground, and has committed to an addi- _TZYLW@> 8QZ]Pc[WZ]L_TZY_ST^ʭYLYNTLWdPL] The drilling completed in the past year alone P\`L_P^ _Z L[[]ZcTXL_PWd ZYP QZ`]_S ZQ _SP _Z - tal drilling at Pogo Mine over its entire history. Through a strategic diamond drilling campaign, Northern Star will target 180,000-200,000m this ʭYLYNTLWdPL]QZWWZbTYRWL^_dPL]ɪ^]PNZ]O]P^`W_^ Note: [1] The Mineral Resources and Ore Reserves information re- ported in accordance with the 2012 edition of the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (“JORC Code”) in this paper is extracted from the report entitled “Resource and Reserve Update” dated 1 August 2019, available at www.nsrltd.com and www.asx.com. For the purposes of ASX Listing =`WP 9Z]_SP]Y>_L]NZYʭ]X^_SL_T_T^YZ_LbL]PZQLYdYPbTYQZ] -
To achieve this, Northern Star has committed to the use of eight underground diamond drill rigs and four surface diamond drill rigs in the Good- paster zone. Permitting is also underway to allow the development of initial underground access. The ^TRYTʭNLY_LOaLYNPXPY_TYPc[WZ]L_TZYO]TWWTYRTY the Goodpaster area indicates camp scale potential in the district. Northern Star’s Reserves and Re- sources update, released August 1, announced Po- go’s maiden Reserve of 1.5Moz and a 43% Resource increase to 5.95Moz at 9.6gpt [1]; the largest Re- source in the history of the project. This increased inventory paves the way for sub- stantial organic growth in production and the life of mine at Pogo. Production & Processing For many employees at Pogo Mine, the invest- XPY_TYLYPbOPaPWZ[XPY_ʮPP_SL^MPPYZYPZQ the highlights of working with Northern Star.
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XL_TZYZ]OL_L_SL_XL_P]TLWWdLʬPN_^_SPTYQZ]XL_TZYTYNW`OPOTY_SP original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant mar- VP_LYYZ`YNPXPY_NZY_TY`P_ZL[[WdLYOSLaPYZ_XL_P]TLWWdNSLYRPO 9Z]_SP]Y>_L]NZYʭ]X^_SL__SPQZ]XLYONZY_Pc_TYbSTNS_SP.ZX[P - _PY_;P]^ZYɪ^ʭYOTYR^L]P[]P^PY_POSLaPYZ_MPPYXL_P]TLWWdXZOTʭPO from the original market announcement.
The Alaska Miner
October 2019
26
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