Announcement Date: 2022-11-01
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: NovaGold Resources Inc.
Project name: Donlin
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 42.28m at 30.68g/t Au from 117.52m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: November 1, 2022 – Anchorage, AK – Donlin Gold LLC (“Donlin Gold”), owned 50/50 by Barrick Gold Corporation (“Barrick”) (TSX: ABX) (NYSE: GOLD) and NOVAGOLD RESOURCES INC. (“NOVAGOLD”) (TSX, NYSE American: NG), is pleased to report additional assay results from the 2022 drill program, including 64 completed drill holes plus partial results for 9 holes. Key takeaways include The prime focus of our activities this year was to undertake a drill program of 42,331 m with tight-spaced grid drilling in structural domains, in-pit and below-pit exploration in sparsely drilled areas, platform mapping to further confirm mineralization continuity and key geological controls in representative areas of the deposit with the results informing and supporting the global resource estimate, recent modelling concepts, and strategic mine planning work. Donlin Gold also completed additional condemnation drilling for the waste rock facility and 14 geotechnical drill holes for the Alaska Dam Safety certificates. In June, the Donlin Gold LLC Board approved an additional 43 drill holes totaling 8,380 more meters than originally planned to infill the Lewis 20×20 m grid to 10×10 m spacing.
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