Barrick, Novagold to take next steps on Donlin Gold project in Tanzania

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Barrick, Novagold to take next steps on Donlin Gold project in Tanzania

Barrick and Novagold have agreed on the next steps toward the advancement of Donlin Gold where Drill Assay Results continue to yield high-grade intercepts and demonstrate important grade Continuity.

Barrick President and Chief Executive Mark Bristow made the announcement and said with clear improvement in the definition of controls of mineralization, the project is advancing towards feasibility study update.

“Getting together in Alaska, visiting the Donlin project site and sitting down with stakeholders drove home the significance and importance of Donlin to both partners. We have a unique opportunity to progress a world-class project in both a jurisdiction and with local partners that recognize the contribution such an asset can bring to the lives of future generations of Alaskans.

Top priority

Our priority is to do that responsibly and sustainably and it is an illustration of Barrick’s and Novagold’s strong partnership that we were able to have such a productive workshop and come away with next steps to move the project forward,” said Barrick President and Chief Executive Mark Bristow.

Greg Lang, Novagold’s President and CEO, on his part said, “The successfully concluded site visit and the meetings that followed with our Alaskan constituencies provided an excellent lead-in to Barrick’s and Novagold’s onward progression for the Donlin Gold project.

The identification of key work plans represents a most welcome and important achievement in taking Donlin Gold up the value chain and is the natural extension of confirmation work carried out with our partners at Barrick, which includes the recently completed drill campaign.

This campaign is not only yielding high-grade intercepts in the future open-pit areas; Donlin Gold’s 2021 drill program is producing some of the best drill results seen lately in the gold mining industry, from juniors to majors. I’m sure I speak for both Barrick and Novagold when I say we are grateful to our local and state partners, who have worked with us to reach these important milestones.”

 

 

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