Donlin Gold Completes Drilling Program
Donlin Gold LLC has announced the successful completion of its 2020 85-hole drilling program totaling approximately 23,400 meters. The holes were drilled in both the ACMA and Lewis deposit areas of the Donlin Gold project. 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. Results show higher grades over thinner intervals compared to those predicted by previous modelling, particularly in sedimentary rocks. 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. The 2020 drill program is the largest at the Donlin Gold project in 12 years. 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.
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. With the receipt of the latest drill results, the 2020 drill program continues to advance Donlin Gold up the value chain. “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 Donlin Gold it is of even greater importance in order for the project to successfully deliver maximum value for all our stakeholders,” said Mark Bristow, President and CEO of Barrick. “Building on the last two decades of exploration, the results continue to highlight Donlin’s world-class potential.”
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December 2020 I The Alaska Miner I www.alaskaminers.org
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