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To: LoneClone who wrote (161661)12/2/2021 12:40:08 PM
From: LoneClone  Read Replies (1) | Respond to of 192834
 
Barrick and NOVAGOLD Agree on Next Steps Toward Advancement of Donlin Gold; Drill Assay Results Continue to Yield High-Grade Intercepts and Demonstrate Important Grade Continuity; With Clear Improvement in Definition of Controls of Mineralization, the Project is Advancing Towards Feasibility Study Update

ca.finance.yahoo.com

NOVAGOLD RESOURCES INC.
Wed., December 1, 2021, 5:00 a.m.·31 min read

Barrick Gold President and CEO Mark Bristow and NOVAGOLD President and CEO Greg Lang visit Donlin Gold Project



Mark Bristow, President and CEO of Barrick Gold, and Greg Lang, President and CEO of NOVAGOLD, visit the Donlin Gold project site, September 2021.

Mark Bristow, President and CEO of Barrick Gold, and Greg Lang, President and CEO of NOVAGOLD, visit the Donlin Gold project site, September 2021.FIGURE 1 Drill Hole Collar Locations for the 2021 Drill Program at the Donlin Gold Project



Holes designated as being in the Divide area, are on the eastern side of the ACMA pit area, transitioning into the Lewis pit area, as shown in Figure 2. These new and significant high-grade drill hole intercepts point toward the potential feeder zones of this large system. Part of the objective of the 2022 exploration and drill program will be to confirm mineralization continuity and key geologic controls in representative areas of the deposit.
Holes designated as being in the Divide area, are on the eastern side of the ACMA pit area, transitioning into the Lewis pit area, as shown in Figure 2. These new and significant high-grade drill hole intercepts point toward the potential feeder zones of this large system. Part of the objective of the 2022 exploration and drill program will be to confirm mineralization continuity and key geologic controls in representative areas of the deposit.FIGURE 2 Longitudinal Section View of the ACMA and Lewis Deposits at the Donlin Gold Project



Holes designated as being in the Divide area, are on the eastern side of the ACMA pit area, transitioning into the Lewis pit area, as shown in Figure 2. These new and significant high-grade drill hole intercepts point toward the potential feeder zones of this large system. Part of the objective of the 2022 exploration and drill program will be to confirm mineralization continuity and key geologic controls in representative areas of the deposit.

ANCHORAGE, Alaska, Dec. 01, 2021 (GLOBE NEWSWIRE) -- 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 progress made during the executive management workshop and site visit in early September between senior representatives from Barrick and NOVAGOLD, as well as the Donlin Gold management team. Additional assay results for 18 completed drill holes, plus partial results for 22 holes from the 2021 drill program are reported below.

  • During the September 2021 executive management meetings in Alaska, the combined team reaffirmed its confidence in the deposit and charted a course toward advancing the project up the value chain

  • In addition, senior executives, including Barrick and NOVAGOLD CEOs Mark Bristow and Greg Lang, met with local stakeholders as well as senior Alaska Federal and State government officials who expressed their continued strong support for the project

  • Assay results from approximately 65% or 15,700 meters of drilling continue to support the global resource estimate, recent modelling concepts, and strategic mine planning work

  • With a progression plan in place, subject to results from the upcoming drill program the partners are well positioned to be able to proceed with a feasibility study update in 2022

  • 2021 Drill Program Delivers Consistent Results

    The 2021 drill program was completed in September with 79 holes drilled for a total of 24,264 meters. To date, Donlin Gold has reported assays for 36 complete holes and 22 partial holes, encompassing 15,700 meters of length drilled. The last core was logged in mid-October with final samples sent off site to laboratories for further processing. The camp was closed at the end of October and is expected to reopen in January 2022 for a winter drill program. Final results from the 2021 drill program are expected to be disclosed in 2022.

    The primary objective of the 2021 drill program was to complete the work necessary to validate and increase confidence in recent geologic modeling concepts to support future feasibility work.

    The logging and assay results will be incorporated into a geologic model update, followed by a shift in focus to feasibility study work, subject to a formal decision by the Donlin Gold Board. Initial assay results from the 2021 drill program were disclosed in a media release on September 2, 2021, five of the top intervals received since this release include:

  • DC21-1976 intersected 57.25 m grading 6.87 g/t gold starting at 270.35 m drilled depth, including a sub interval of 4.05 m grading 18.13 g/t gold, starting at 288.95 m drilled depth;

  • DC21-1970 intersected 19.15 m grading 12.57 g/t gold starting at 173.19 m drilled depth, including a sub interval of 12.15 m grading 17.28 g/t of gold, starting at 179.19 m drilled depth;

  • DC21-1964 intersected 37.85 m grading 6.28 g/t gold starting at 110.65 m drilled depth, including sub intervals of 7.95 m grading 15.99 g/t gold starting at 110.65 m drilled depth and 3.13 m grading 10.21 g/t gold starting at 143.37 m drilled depth;

  • DC21-1980 intersected 12.18 m grading 19.02 g/t gold starting at 293.40 drilled depth; including a sub interval of 4.65 m grading 36.53 g/t gold starting at 300.29 m drilled depth;

  • DC21-1994 intersected 33.53 m grading 5.89 g/t gold starting at the surface; including a sub interval of 6.06 m grading 15.22 g/t gold starting at 9.24 m drilled depth.

  • • Drill-hole collar locations and five of the top intervals are shown in Figure 1

    • Drill-hole orientations, depths and significant intervals are shown in the Appendix at the end of this release, in Tables 1 and 2, respectively. Those holes, designated as being in the Divide area, are on the eastern side of the ACMA pit area, transitioning into the Lewis pit area, as shown in Figure 2. These new and significant high-grade drill hole intercepts point toward the potential feeder zones of this large system. Part of the objective of the 2022 exploration and drill program will be to confirm mineralization continuity and key geologic controls in representative areas of the deposit.

    Statements by the Owners

    A photo accompanying this announcement is available at globenewswire.com

    Barrick President and Chief Executive Mark Bristow said, “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. 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.”

    Greg Lang, NOVAGOLD’s President and CEO, 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.”

    Dan Graham, General Manager of Donlin Gold added, “We enjoyed hosting the senior management teams from both Barrick and NOVAGOLD here in person in Alaska. We are also energized with the interest and resources the owners are dedicating to the Donlin Gold project. It is a great economic opportunity for the region and the State.”

    About Donlin Gold

    The Donlin Gold project is located in Alaska, the second largest gold-producing state in the U.S. With approximately 39 million ounces of gold grading 2.24 grams per tonne in the measured and indicated mineral resource categories (100 percent basis)1, Donlin Gold hosts one of the largest and highest-grade undeveloped open-pit gold endowments in the world. The planned pits in which the existing resources are sited occupy only three kilometers of an eight-kilometer mineralized belt, which itself is located on less than 5% of Donlin Gold’s land position. Current activities at Donlin Gold are focused on the drill program, optimization efforts, community outreach, and advancing the remaining State permitting actions.

    Donlin Gold is a committed partner to the Alaska Native communities both surrounding the project and within the State as a whole. This commitment underpins Donlin Gold’s approach and is also reflected in the way in which the asset itself is structured. An important factor that distinguishes Donlin Gold from most other mining assets in Alaska is that the project is located on private land designated for mining activities five decades ago. Donlin Gold has entered into life-of-mine agreements with Calista, which owns the subsurface mineral rights and some surface land rights, and The Kuskokwim Corporation (TKC), a collection of ten village corporations, which owns the majority of surface land rights, and is committed to providing employment opportunities, scholarships to Calista and TKC Shareholders, and preferential contract considerations to Calista and TKC. These agreements also include royalties which are subject to a revenue-sharing structure established in the Alaska Native Claims Settlement Act of 1971, which resolved Alaska Native land claims and allotted 44 million acres of land for use by Alaska Native Corporations. Additionally, our long-term commitment to economic development in the Yukon-Kuskokwim region is exemplified by Donlin Gold’s support of TKC’s initiative to launch energy and infrastructure projects in middle Kuskokwim villages. These partnerships, activities, and programs are illustrative of the commitment to sustainable and responsible development of the Donlin Gold project for the benefit of all stakeholders.

    ________________________
    1 Donlin Gold data as per the 2021 Technical Report (as defined below). Donlin Gold measured resources of approximately 8 Mt grading 2.52 g/t and indicated resources of approximately 534 Mt grading 2.24 g/t, each on a 100% basis, of which Barrick and NOVAGOLD each own 50%. Mineral resources have been estimated in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

    FIGURE 1 Drill Hole Collar Locations is available at globenewswire.com

    FIGURE 2 Longitudinal Section View of the ACMA and Lewis Deposits is available at globenewswire.com

    QA/QC Procedures

    The QA/QC procedures for the 2021 Donlin Gold project drill program and sampling protocol were developed and managed by Donlin Gold and overseen by Barrick and NOVAGOLD. The chain of custody from the drill site to the sample preparation facility was continuously monitored. All samples are HQ-diameter core. Approximately 94% core recovery was achieved during the 2021 drill program. Core was logged, cut, and sampled at site by Donlin Gold employees. Samples were primarily collected on one- to two-meter lengths. Sampled half-core was crushed in Bureau Veritas’ Fairbanks, Alaska sample preparation facility. Crushed samples were sent to the Bureau Veritas lab in Vancouver, British Columbia for pulverizing and gold assays and pulverized splits to an ALS Limited lab in Vancouver, British Columbia for multi-element analysis. At least 14 quality control samples (four standards, four coarse blanks, two pulp blanks, two coarse duplicates, and two pulp duplicates) were inserted into each batch of 80 samples. The review of the quality control samples did not indicate any bias or error. There are no known factors that would materially affect the accuracy or reliability of the drill program data referred to in this media release.

    Downhole directional surveys were completed on all reported completed holes by Boart Longyear drill operators, and collar surveys were completed on all holes by Professional Licensed Surveyors from Brice Engineering LLC.

    Each of Bureau Veritas, ALS Limited, Boart Longyear, and Brice Engineering LLC are independent of Donlin Gold, Barrick, and NOVAGOLD.

    Scientific and Technical Information

    Certain scientific and technical information contained herein with respect to the Donlin Gold project is derived from the “NI 43-101 Technical Report on the Donlin Gold Project, Alaska, USA” prepared by Wood Canada Limited with an effective date of June 1, 2021 (the “2021 Technical Report”). Henry Kim, P.Geo., Senior Resource Geologist, Wood Canada Limited; Mike Woloschuk, P.Eng., VP Global Business Development & Consulting, Wood Group USA, Inc.; and Kirk Hanson, MBA, P.E., Technical Director, Open Pit Mining, Wood Group USA, Inc. are the Qualified Persons responsible for the preparation of the independent technical report, and each is an independent Qualified Person as defined by National Instrument 43-101 (“NI 43-101”).

    Paul Chilson, P.E., who is the Mine Engineering Manager for NOVAGOLD and a Qualified Person under NI 43-101, has approved and verified the scientific and technical information related to the 2021 Donlin Gold project drill program and 2021 Technical Report contained in this media release. To verify the information related to the drilling program, he has visited the property in the past year; discussed logging, sampling, and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations.

    Octavia Bath, P.Geo., who is a Barrick Mineral Resource Manager and a Qualified Person under NI 43-101 has reviewed and approved the assay results for the Donlin Gold project contained in this media release.

    Barrick Contacts:
    Kathy du Plessis
    Investor and Media Relations
    +44 20 7557 7738
    Email: barrick@dpapr.com

    Catherine Raw
    COO, North America
    Tel: +1 416-307-5157
    www.barrick.com

    NOVAGOLD Contacts:

    Mélanie Hennessey
    Vice President, Corporate Communications

    Jason Mercier
    Manager, Investor Relations

    Tel: +1 604-669-6227 or 1-866-669-6227
    www.novagold.com

    Cautionary Note Regarding Forward-Looking Statements

    This media release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, “would” or “should” occur or be achieved. Forward-looking statements are necessarily based on several opinions, estimates and assumptions that management of Barrick and NOVAGOLD considered appropriate and reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements. These forward-looking statements include statements regarding timing of final assay results; the anticipated timing of a decision by Barrick and NOVAGOLD to prepare a feasibility study update; anticipated benefits from the recent drill programs including an improved geological model for Donlin Gold; the work program for the 2022 field season; ongoing support provided to key stakeholders including Native Corporation partners; the potential impact of the coronavirus global pandemic (COVID-19) on the development of Donlin Gold; the potential development and construction of Donlin Gold; the sufficiency of funds to continue to advance development of Donlin Gold; perceived merit of properties; mineral reserve and resource estimates; Donlin Gold’s ability to secure the permits needed to construct and operate the Donlin Gold project in a timely manner, if at all; and legal challenges to Donlin Gold’s existing permits. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are not historical facts but instead represent the management expectations of Donlin Gold’s, Barrick’s and NOVAGOLD’s estimates and projections regarding future events or circumstances on the date the statements are made.

    Important factors that could cause actual results to differ materially from expectations include the need to obtain additional permits and governmental approvals; the timing and likelihood of permits; the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; the COVID-19; uncertainties involved in the interpretation of drill results and geological tests and the estimation of reserves and resources; changes in mineral production performance, exploitation and exploration successes; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States or Canada; the need for continued cooperation between Barrick and NOVAGOLD for the continued exploration, development and eventual construction of the Donlin Gold project; the need for cooperation of government agencies and native groups in the development and operation of properties; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, disease pandemics, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, which could include significant increases in estimated capital and operating costs; fluctuations in metal prices and currency exchange rates; whether a positive construction decision will be made regarding Donlin Gold; and other risks and uncertainties disclosed in Barrick’s most recent Form 40-F/Annual Information Form on file with the United States Securities and Exchange Commission (SEC) and Canadian provincial securities and NOVAGOLD’s most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports and other documents filed by Barrick and NOVAGOLD with applicable securities regulatory authorities from time to time. Copies of these filings may be obtained by visiting NOVAGOLD’s website at www.novagold.com, Barrick’s website at www.barrick.com, or the SEC's website at www.sec.gov, or at www.sedar.com. The forward-looking statements contained herein reflect the beliefs, opinions, and projections of Donlin Gold, NOVAGOLD, and Barrick on the date the statements are made. Donlin Gold, NOVAGOLD and Barrick assume no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

    Cautionary Note to NOVAGOLD’s United States Investors

    NOVAGOLD cautions that this media release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this media release have been prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)—CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (“CIM Definition Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (SEC) Industry Guide 7 (“SEC Industry Guide 7”), and resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. NOVAGOLD’s disclosure concerning Reserve & Resources Estimates remains consistent with NI 43-101. Under SEC Industry Guide 7, mineralization may not be classified as a "reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. SEC Industry Guide 7 normally does not permit the inclusion of information concerning "measured mineral resources”, "indicated mineral resources” or "inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves” under SEC Industry Guide 7 in documents filed with the SEC. Investors should also understand that "inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimated "inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of "contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves” under SEC Industry Guide 7 as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves” are also not the same as those of SEC Industry Guide 7, and reserves reported by NOVAGOLD in compliance with NI 43-101 may not qualify as "reserves” under SEC Industry Guide 7. Donlin Gold does not have known reserves, as defined under SEC Industry Guide 7. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with SEC Industry Guide 7.

    On October 31, 2018, the SEC adopted a final rule (“New Final Rule”) that will replace SEC Industry Guide 7 with new disclosure requirements that are more closely aligned with current industry and global regulatory practices and standards, including NI 43-101. Companies must comply with the New Final Rule for the Company’s first fiscal year beginning on or after January 1, 2021, which for NOVAGOLD would be the fiscal year beginning December 1, 2021. The New Final Rule provides that SEC Industry Guide 7 will remain effective until all registrants are required to comply with the New Final Rule, at which time SEC Industry Guide 7 will be rescinded. While early voluntary compliance with the New Final Rule is permitted, NOVAGOLD has not elected to comply with the New Final Rule at this time.

    APPENDIX

    TABLE 1
    Drill Hole Orientations* and Depths

    Hole

    Azimuth (°)

    Inclination (°)

    Depth (m)

    DC21-1952

    349

    74

    319.7

    DC21-1953

    302

    70

    222.5

    DC21-1954

    353

    60

    480.4

    DC21-1955

    128

    56

    313.3

    DC21-1956B

    335

    65

    315.3

    DC21-1957

    281

    66

    223.7

    DC21-1958

    332

    54

    350.2

    DC21-1959

    356

    59

    483.1

    DC21-1960

    351

    60

    214.9

    DC21-1961

    164

    59

    291.4

    DC21-1962

    231

    58

    289.3

    DC21-1963A

    188

    71

    224.9

    DC21-1964

    349

    56

    469.5

    DC21-1965

    191

    72

    225.3

    DC21-1966

    346

    79

    150.0

    DC21-1967A

    330

    55

    350.2

    DC21-1968

    162

    46

    177.7

    DC21-1969

    282

    56

    549.9

    DC21-1970

    272

    63

    306.0

    DC21-1971

    160

    57

    274.5

    DC21-1972

    345

    62

    349.9

    DC21-1973

    350

    60

    255.1

    DC21-1974

    309

    68

    206.7

    DC21-1975

    141

    57

    322.8

    DC21-1976

    274

    60

    502.3

    DC21-1977

    3

    68

    350.2

    DC21-1978

    29

    61

    324.9

    DC21-1979

    355

    58

    274.9

    DC21-1980

    353

    66

    353.0

    DC21-1981

    282

    84

    254.8

    DC21-1982

    356

    58

    224.9

    DC21-1983A

    350

    66

    400.1

    DC21-1984

    23

    66

    443.0

    DC21-1985

    168

    49

    249.9

    DC21-1986

    276

    70

    399.9

    DC21-1987

    345

    66

    399.9

    DC21-1988

    153

    56

    279.2

    DC21-1989

    7

    64

    349.9

    DC21-1990

    346

    69

    342.3

    DC21-1991

    165

    59

    322.5

    DC21-1992

    340

    61

    349.9

    DC21-1993A

    321

    63

    409.4

    DC21-1994

    293

    66

    504.1

    DC21-1995

    155

    62

    279.8

    DC21-1998

    352

    58

    326.9

    DC21-1999

    154

    57

    422.9

    DC21-2000

    341

    64

    438.9

    DC21-2001

    9

    65

    299.9

    DC21-2003

    341

    67

    403.0

    DC21-2004

    137

    58

    300.1

    DC21-2005

    346

    58

    245.4

    DC21-2006

    339

    65

    249.9

    DC21-2007

    354

    67

    434.8

    DC21-2008

    9

    74

    200.0

    DC21-2009

    334

    60

    289.3

    DC21-2010

    145

    58

    303.3

    DC21-2011

    331

    57

    280.1

    DC21-2022

    336

    59

    254.5


    * Note that azimuth and inclination values vary as each hole progresses. The stated values are hole averages, rounded to the nearest degree.

    TABLE 2
    2021 Donlin Gold Significant Assay Intervals

    Hole ID

    Area

    From
    (Meters)

    To
    (Meters)

    Length
    (Meters)

    Au Grade
    (Au g/t)


    DC21-1952

    ACMA

    50.15

    68.65

    18.50

    1.90

    Reported 9/2

    DC21-1952


    117.90

    134.95

    17.05

    3.19

    Reported 9/2

    DC21-1952


    229.35

    246.05

    16.70

    1.60

    Reported 9/2

    DC21-1952


    252.05

    273.35

    21.30

    3.07

    Reported 9/2

    DC21-1952


    TOTAL


    73.55

    2.47


    DC21-1954

    Divide

    43.06

    63.51

    20.45

    1.46

    Reported 9/2

    DC21-1954


    75.35

    81.95

    6.60

    4.34

    Reported 9/2

    DC21-1954


    90.07

    97.60

    7.53

    3.04

    Reported 9/2

    DC21-1954


    118.60

    147.22

    28.62

    1.81

    Reported 9/2

    DC21-1954


    151.25

    158.98

    7.73

    1.65

    Reported 9/2

    DC21-1954


    267.65

    272.80

    5.15

    2.94

    Reported 9/2

    DC21-1954


    285.80

    296.80

    11.00

    3.71

    Reported 9/2

    DC21-1954


    353.46

    359.84

    6.38

    2.87

    Reported 9/2

    DC21-1954


    427.42

    431.14

    3.72

    3.16

    Reported 9/2

    DC21-1954


    TOTAL


    97.18

    2.39


    DC21-1955

    ACMA

    70.45

    74.45

    4.00

    3.06

    Reported 9/2

    DC21-1955


    110.55

    125.21

    14.66

    4.51

    Reported 9/2

    DC21-1955


    179.58

    182.58

    3.00

    4.91

    Reported 9/2

    DC21-1955


    218.66

    224.00

    5.34

    7.06

    Reported 9/2

    DC21-1955


    TOTAL


    27.00

    4.84


    DC21-1956B

    Divide

    37.01

    59.74

    22.73

    3.09


    DC21-1956B


    95.05

    110.30

    15.25

    4.79


    DC21-1956B


    190.97

    208.90

    17.93

    2.53

    Reported 9/2

    DC21-1956B


    260.50

    275.66

    15.16

    2.20

    Reported 9/2

    DC21-1956B


    TOTAL


    71.07

    3.12


    DC21-1957

    ACMA

    139.92

    142.92

    3.00

    22.25

    Reported 9/2

    DC21-1957


    TOTAL


    3.00

    22.25


    DC21-1958

    Divide

    22.46

    30.30

    7.84

    2.07

    Reported 9/2

    DC21-1958


    108.18

    119.70

    11.52

    3.27

    Reported 9/2

    DC21-1958


    132.80

    136.40

    3.60

    1.69

    Reported 9/2

    DC21-1958


    210.10

    223.93

    13.83

    5.55

    Reported 9/2

    DC21-1958


    260.56

    266.87

    6.31

    1.36

    Reported 9/2

    DC21-1958


    288.31

    294.44

    6.13

    1.28

    Reported 9/2

    DC21-1958


    TOTAL


    49.23

    3.11


    DC21-1959

    Divide

    44.75

    48.75

    4.00

    2.76

    Reported 9/2

    DC21-1959


    199.66

    213.88

    14.22

    4.92

    Reported 9/2

    DC21-1959


    279.20

    284.07

    4.87

    1.45

    Reported 9/2

    DC21-1959


    361.20

    369.37

    8.17

    1.48

    Reported 9/2

    DC21-1959


    378.85

    403.29

    24.44

    14.65

    Reported 9/2

    including


    386.79

    393.29

    6.50

    33.52

    Reported 9/2

    DC21-1959


    TOTAL


    55.70

    8.22


    DC21-1960

    ACMA

    27.74

    39.93

    12.19

    4.55

    Reported 9/2

    DC21-1960


    138.20

    147.68

    9.48

    2.52

    Reported 9/2

    DC21-1960


    TOTAL


    21.67

    3.66


    DC21-1961

    Lewis

    158.29

    173.69

    15.40

    1.25

    Reported 9/2

    DC21-1961


    275.54

    281.28

    5.74

    42.24

    Reported 9/2

    including


    275.54

    280.28

    4.74

    50.76

    Reported 9/2

    DC21-1961


    TOTAL


    21.14

    12.38


    DC21-1962

    Lewis

    159.71

    193.08

    33.37

    5.21

    Reported 9/2

    DC21-1962


    201.08

    216.90

    15.82

    2.77


    DC21-1962


    TOTAL


    49.19

    4.42


    DC21-1963A

    ACMA

    114.30

    155.27

    40.97

    10.54

    Reported 9/2

    including


    117.24

    132.20

    14.96

    22.22

    Reported 9/2

    DC21-1963A


    167.22

    171.22

    4.00

    1.73

    Reported 9/2

    DC21-1963A


    TOTAL


    44.97

    9.76


    DC21-1964

    Divide

    75.11

    83.10

    7.99

    3.11

    Reported 9/2

    DC21-1964


    93.10

    100.70

    7.60

    1.40

    Reported 9/2

    DC21-1964


    110.65

    148.50

    37.85

    6.28


    including


    110.65

    118.60

    7.95

    15.99


    including


    143.37

    146.50

    3.13

    10.21


    DC21-1964


    161.50

    167.25

    5.75

    2.96


    DC21-1964


    219.68

    237.35

    17.67

    5.06

    Reported 9/2

    DC21-1964


    255.59

    304.70

    49.11

    4.88

    Reported 9/2

    including


    275.00

    278.30

    3.30

    25.25

    Reported 9/2

    DC21-1964


    379.76

    385.00

    5.24

    1.95

    Reported 9/2

    DC21-1964


    TOTAL


    131.21

    4.80


    DC21-1965

    ACMA

    143.64

    146.85

    3.21

    6.42

    Reported 9/2

    DC21-1965


    151.41

    172.21

    20.80

    8.30

    Reported 9/2

    including


    166.12

    171.16

    5.04

    11.48

    Reported 9/2

    DC21-1965


    TOTAL


    24.01

    8.05


    DC21-1966

    Lewis

    83.00

    89.00

    6.00

    30.80

    Reported 9/2

    DC21-1966


    TOTAL


    6.00

    30.80


    DC21-1967A

    Divide

    32.81

    36.78

    3.97

    3.28

    Reported 9/2

    DC21-1967A


    77.72

    86.00

    8.28

    2.68

    Reported 9/2

    DC21-1967A


    111.13

    117.15

    6.02

    1.59

    Reported 9/2

    DC21-1967A


    202.15

    208.80

    6.65

    5.53

    Reported 9/2

    DC21-1967A


    256.37

    268.34

    11.97

    2.70

    Reported 9/2

    DC21-1967A


    298.99

    304.95

    5.96

    3.15

    Reported 9/2

    DC21-1967A


    TOTAL


    42.85

    3.10


    DC21-1968

    Lewis

    33.70

    36.75

    3.05

    13.39

    Reported 9/2

    DC21-1968


    TOTAL


    3.05

    13.39


    DC21-1969

    ACMA

    125.67

    140.95

    15.28

    3.52


    DC21-1969


    175.35

    233.20

    57.85

    2.22


    DC21-1969


    252.30

    287.37

    35.07

    2.68

    Reported 9/2

    DC21-1969


    295.80

    320.84

    25.04

    2.36

    Reported 9/2

    DC21-1969


    326.84

    354.00

    27.16

    7.97

    Reported 9/2

    including


    330.40

    343.79

    13.39

    14.88

    Reported 9/2

    DC21-1969


    400.51

    448.29

    47.78

    9.00

    Reported 9/2

    including


    401.43

    407.41

    5.98

    18.07

    Reported 9/2

    including


    414.41

    426.39

    11.98

    13.85

    Reported 9/2

    including


    442.63

    448.29

    5.66

    11.25

    Reported 9/2

    DC21-1969


    457.80

    467.56

    9.76

    1.62

    Reported 9/2

    DC21-1969


    477.00

    480.41

    3.41

    2.53

    Reported 9/2

    DC21-1969


    TOTAL


    221.35

    4.55


    DC21-1970

    ACMA

    8.50

    14.50

    6.00

    2.40

    Reported 9/2

    DC21-1970


    20.37

    33.40

    13.03

    3.57

    Reported 9/2

    DC21-1970


    41.40

    49.08

    7.68

    11.61

    Reported 9/2

    including


    44.88

    49.08

    4.20

    18.92

    Reported 9/2

    DC21-1970


    69.70

    161.72

    92.02

    7.75

    Reported 9/2

    including


    70.70

    73.90

    3.20

    29.16

    Reported 9/2

    including


    81.90

    84.91

    3.01

    14.01

    Reported 9/2

    including


    104.85

    108.50

    3.65

    12.50

    Reported 9/2

    including


    146.03

    151.21

    5.18

    33.74

    Reported 9/2

    DC21-1970


    173.19

    192.34

    19.15

    12.57


    including


    179.19

    191.34

    12.15

    17.28


    DC21-1970


    199.30

    222.31

    23.01

    2.53


    DC21-1970


    TOTAL


    160.89

    7.22


    DC21-1971

    Lewis

    10.30

    24.34

    14.04

    2.70

    Reported 9/2

    DC21-1971


    54.27

    66.15

    11.88

    4.47

    Reported 9/2

    DC21-1971


    128.86

    139.97

    11.11

    4.41

    Reported 9/2

    DC21-1971


    242.75

    251.08

    8.33

    2.14

    Reported 9/2

    DC21-1971


    263.68

    267.63

    3.95

    1.51

    Reported 9/2

    DC21-1971


    TOTAL


    49.31

    3.32


    DC21-1972

    Lewis

    142.08

    149.95

    7.87

    12.03

    Reported 9/2

    including


    142.08

    146.89

    4.81

    17.59

    Reported 9/2

    DC21-1972


    174.77

    177.87

    3.10

    3.06

    Reported 9/2

    DC21-1972


    247.40

    259.40

    12.00

    5.68

    Reported 9/2

    DC21-1972


    TOTAL


    22.97

    7.50


    DC21-1973

    Lewis

    4.42

    12.04

    7.62

    2.07

    Reported 9/2

    DC21-1973


    22.00

    37.00

    15.00

    3.58

    Reported 9/2

    DC21-1973


    61.50

    65.15

    3.65

    18.87


    DC21-1973


    96.58

    109.58

    13.00

    8.59


    including


    100.58

    104.90

    4.32

    20.72


    DC21-1973


    137.57

    146.57

    9.00

    6.52


    including


    138.57

    141.57

    3.00

    12.07


    DC21-1973


    152.57

    156.57

    4.00

    1.94


    DC21-1973


    164.57

    168.57

    4.00

    1.89


    DC21-1973


    204.60

    209.60

    5.00

    1.61

    Reported 9/2

    DC21-1973


    239.40

    243.40

    4.00

    5.78

    Reported 9/2

    DC21-1973


    TOTAL


    65.27

    5.44


    DC21-1974

    ACMA

    18.02

    31.05

    13.03

    4.95

    Reported 9/2

    DC21-1974


    102.50

    106.50

    4.00

    5.23

    Reported 9/2

    DC21-1974


    TOTAL


    17.03

    5.01


    DC21-1975

    Lewis

    176.40

    182.00

    5.60

    6.69


    DC21-1975


    193.60

    209.79

    16.19

    4.33


    DC21-1975


    TOTAL


    21.79

    4.94


    DC21-1976

    ACMA

    23.44

    27.44

    4.00

    6.63

    Reported 9/2

    DC21-1976


    158.80

    167.34

    8.54

    2.38


    DC21-1976


    183.25

    194.25

    11.00

    2.30


    DC21-1976


    205.65

    215.65

    10.00

    2.27


    DC21-1976


    223.65

    229.60

    5.95

    1.26


    DC21-1976


    251.55

    257.50

    5.95

    3.40


    DC21-1976


    270.35

    327.60

    57.25

    6.87


    including


    288.95

    293.00

    4.05

    18.13


    DC21-1976


    341.60

    366.90

    25.30

    4.77


    including


    342.39

    346.00

    3.61

    12.92


    DC21-1976


    372.85

    407.30

    34.45

    5.54


    DC21-1976


    449.98

    474.75

    24.77

    5.34


    DC21-1976


    TOTAL


    187.21

    5.13


    DC21-1977

    Divide

    61.82

    65.82

    4.00

    4.07

    Reported 9/2

    DC21-1977


    85.35

    90.35

    5.00

    1.52

    Reported 9/2

    DC21-1977


    103.58

    113.00

    9.42

    2.65

    Reported 9/2

    DC21-1977


    117.80

    130.45

    12.65

    2.67

    Reported 9/2

    DC21-1977


    140.35

    150.35

    10.00

    2.03

    Reported 9/2

    DC21-1977


    175.70

    179.70

    4.00

    8.78

    Reported 9/2

    DC21-1977


    187.70

    198.02

    10.32

    3.66

    Reported 9/2

    DC21-1977


    202.08

    206.71

    4.63

    2.46

    Reported 9/2

    DC21-1977


    221.25

    228.99

    7.74

    9.57

    Reported 9/2

    DC21-1977


    293.95

    300.80

    6.85

    8.92

    Reported 9/2

    DC21-1977


    315.80

    329.33

    13.53

    6.48

    Reported 9/2

    including


    325.33

    328.33

    3.00

    27.33

    Reported 9/2

    DC21-1977


    TOTAL


    88.14

    4.65


    DC21-1978

    ACMA

    144.57

    164.60

    20.03

    3.14


    DC21-1978


    240.50

    250.30

    9.80

    12.53


    including


    242.50

    249.30

    6.80

    16.92


    DC21-1978


    TOTAL


    29.83

    6.23


    DC21-1979

    Divide

    4.11

    10.52

    6.41

    3.71


    DC21-1979


    38.40

    56.92

    18.52

    1.43


    DC21-1979


    70.85

    78.75

    7.90

    3.12


    DC21-1979


    100.72

    123.85

    23.13

    7.63


    including


    106.72

    111.35

    4.63

    20.03


    DC21-1979


    165.51

    172.85

    7.34

    2.87


    DC21-1979


    TOTAL


    63.30

    4.30


    DC21-1980

    Lewis

    14.44

    30.44

    16.00

    6.78


    including


    20.44

    24.44

    4.00

    14.80


    DC21-1980


    38.04

    49.00

    10.96

    4.30


    DC21-1980


    108.00

    114.40

    6.40

    12.61


    DC21-1980


    138.52

    151.56

    13.04

    3.74

    Reported 9/2

    DC21-1980


    170.22

    174.00

    3.78

    3.59

    Reported 9/2

    DC21-1980


    202.00

    206.00

    4.00

    2.09

    Reported 9/2

    DC21-1980


    264.70

    279.50

    14.80

    2.96


    DC21-1980


    285.40

    289.35

    3.95

    2.25


    DC21-1980


    293.40

    305.58

    12.18

    19.02


    including


    300.29

    304.94

    4.65

    36.53


    DC21-1980


    318.25

    343.40

    25.15

    5.06


    including


    328.57

    333.03

    4.46

    15.88


    DC21-1980


    TOTAL


    110.26

    6.52


    DC21-1981

    ACMA

    5.79

    33.55

    27.76

    1.89

    Reported 9/2

    DC21-1981


    38.64

    81.24

    42.60

    1.91

    Reported 9/2

    DC21-1981


    100.50

    106.50

    6.00

    5.93


    DC21-1981


    120.24

    126.08

    5.84

    1.28


    DC21-1981


    169.10

    172.13

    3.03

    2.26


    DC21-1981


    TOTAL


    85.23

    2.16


    DC21-1982

    Lewis

    2.44

    6.44

    4.00

    6.46


    DC21-1982


    70.00

    93.21

    23.21

    2.89


    DC21-1982


    167.84

    170.86

    3.02

    14.62


    DC21-1982


    174.93

    180.44

    5.51

    7.01


    DC21-1982


    TOTAL


    35.74

    4.92


    DC21-1983A

    Lewis

    113.23

    124.27

    11.04

    1.73


    DC21-1983A


    290.00

    301.00

    11.00

    5.42


    DC21-1983A


    305.31

    317.31

    12.00

    2.43


    DC21-1983A


    TOTAL


    34.04

    3.17


    DC21-1985

    Lewis

    12.95

    24.99

    12.04

    2.94


    DC21-1985


    53.78

    58.00

    4.22

    7.22


    DC21-1985


    62.94

    92.30

    29.36

    3.28


    DC21-1985


    TOTAL


    45.62

    3.55


    DC21-1986

    ACMA

    128.10

    139.54

    11.44

    1.57


    DC21-1986


    154.60

    158.68

    4.08

    2.62


    DC21-1986


    177.45

    191.11

    13.66

    2.88


    DC21-1986


    209.85

    225.85

    16.00

    2.96


    DC21-1986


    234.80

    244.50

    9.70

    7.12


    DC21-1986


    251.10

    300.80

    49.70

    3.96


    DC21-1986


    TOTAL


    104.58

    3.65


    DC21-1987

    Divide

    58.87

    64.80

    5.93

    3.00


    DC21-1987


    185.49

    195.84

    10.35

    1.88


    DC21-1987


    225.40

    230.83

    5.43

    1.07


    DC21-1987


    TOTAL


    21.71

    1.99


    DC21-1988

    Lewis

    131.12

    144.70

    13.58

    1.25


    DC21-1988


    TOTAL


    13.58

    1.25


    DC21-1989

    Divide

    135.34

    148.60

    13.26

    5.63


    DC21-1989


    156.16

    169.45

    13.29

    2.82


    DC21-1989


    175.45

    192.02

    16.57

    3.76


    DC21-1989


    TOTAL


    43.12

    4.04


    DC21-1990

    Divide

    5.35

    9.62

    4.27

    1.94


    DC21-1990


    45.45

    57.30

    11.85

    6.57


    DC21-1990


    70.66

    74.62

    3.96

    6.06


    DC21-1990


    79.49

    83.49

    4.00

    4.70


    DC21-1990


    100.42

    106.95

    6.53

    1.00


    DC21-1990


    TOTAL


    30.61

    4.43


    DC21-1991

    Lewis

    8.20

    11.86

    3.66

    5.11


    DC21-1991


    247.58

    251.60

    4.02

    1.51


    DC21-1991


    257.45

    277.56

    20.11

    1.40


    DC21-1991


    294.74

    298.36

    3.62

    1.62


    DC21-1991


    TOTAL


    31.41

    1.87


    DC21-1992

    Divide

    63.89

    66.95

    3.06

    2.89


    DC21-1992


    74.43

    97.68

    23.25

    3.96


    DC21-1992


    124.36

    140.72

    16.36

    2.97


    DC21-1992


    170.65

    174.96

    4.31

    5.58


    DC21-1992


    264.57

    281.86

    17.29

    4.66


    DC21-1992


    TOTAL


    64.27

    3.95


    DC21-1993A

    Divide

    94.63

    111.67

    17.04

    2.76


    DC21-1993A


    131.37

    135.35

    3.98

    2.18


    DC21-1993A


    229.23

    237.20

    7.97

    1.24


    DC21-1993A


    TOTAL


    28.99

    2.26


    DC21-1994

    ACMA

    0.00

    33.53

    33.53

    5.89


    including


    9.24

    15.30

    6.06

    15.22


    DC21-1994


    441.86

    488.72

    46.86

    3.28


    including


    453.96

    457.96

    4.00

    12.35


    DC21-1994


    TOTAL


    80.39

    4.37


    DC21-1995

    Lewis

    125.33

    132.85

    7.52

    5.32


    DC21-1995


    184.25

    191.30

    7.05

    5.40


    DC21-1995


    195.40

    199.33

    3.93

    1.25


    DC21-1995


    TOTAL


    18.50

    4.49


    DC21-1998

    Lewis

    184.80

    190.73

    5.93

    1.38


    DC21-1998


    197.68

    201.75

    4.07

    2.26


    DC21-1998


    265.81

    268.94

    3.13

    1.96


    DC21-1998


    273.75

    279.42

    5.67

    2.14


    DC21-1998


    TOTAL


    18.80

    1.90


    DC21-1999

    Lewis

    221.59

    226.66

    5.07

    6.32


    DC21-1999


    358.00

    384.40

    26.40

    4.14


    DC21-1999


    TOTAL


    31.47

    4.49


    DC21-2000

    Lewis

    156.97

    162.97

    6.00

    6.65


    DC21-2000


    TOTAL


    6.00

    6.65


    DC21-2003

    Divide

    30.18

    34.00

    3.82

    1.45


    DC21-2003


    TOTAL


    3.82

    1.45


    DC21-2004

    Lewis

    153.20

    162.60

    9.40

    4.09


    DC21-2004


    TOTAL


    9.40

    4.09


    DC21-2006

    Lewis

    112.15

    122.15

    10.00

    2.90


    DC21-2006


    149.70

    163.69

    13.99

    1.57


    DC21-2006


    169.25

    183.49

    14.24

    2.65


    DC21-2006


    TOTAL


    38.23

    2.32


    DC21-2007

    Divide

    155.36

    170.01

    14.65

    5.88


    including


    157.40

    161.17

    3.77

    13.97


    DC21-2007


    227.51

    234.85

    7.34

    7.67


    DC21-2007


    285.40

    297.61

    12.21

    5.05


    DC21-2007


    TOTAL


    34.20

    5.97


    DC21-2008

    Lewis

    84.87

    87.92

    3.05

    2.49


    DC21-2008


    TOTAL


    3.05

    2.49


    DC21-2009

    ACMA

    73.79

    82.37

    8.58

    2.72


    DC21-2009


    TOTAL


    8.58

    2.72


    DC21-2010

    Lewis

    30.12

    35.27

    5.15

    1.69


    DC21-2010


    277.00

    280.00

    3.00

    18.40


    including


    277.00

    280.00

    3.00

    18.40


    DC21-2010


    TOTAL


    8.15

    7.84


    DC21-2011

    ACMA

    113.18

    123.30

    10.12

    2.31


    DC21-2011


    131.34

    156.74

    25.40

    3.57


    DC21-2011


    162.00

    179.33

    17.33

    2.22


    DC21-2011


    TOTAL


    52.85

    2.89


    DC21-2022

    ACMA

    120.94

    127.70

    6.76

    3.63


    DC21-2022


    TOTAL


    6.76

    3.63



    Significant intervals represent drilled intervals and not necessarily true thickness of mineralization. Mineralized intervals meet or exceed 3 meters in length above 1 g/t. A maximum of 4 meters of continuous dilution (< 1 g/t) is permitted. Any drill intervals not depicted in this table did not meet the significant interval criteria.

    Assay data are not yet available from 0 m to 37.01 m in DC21-1956B, 217.90 m to 289.26 m in DC21-1962, 127.81 m to 240.27 m and 349.46 m to 443.03 m in DC21-1984, 92.30 m to 192.10 m in DC21-1985, 0 m to 97.45 m in DC21-1986, 108.05 m to 342.29 m in DC21-1990, 247.20 m to 364.80 m in DC21-1993A, 207.31 m to 382.55 m in DC21-1994, 0 m to 179.11 m and 290.56 m to 326.90 m in DC21-1998, 231.45 m to 342.00 m in DC21-1999, 211.00 m to 438.91 m in DC21-2000, 123.00 m to 226.11 m in DC21-2001, 126.70 m to 402.95 m in DC21-2003, 0 m to 129.25 m in DC21-2004, 0 m to 148.46 m in DC21-2005, 226.03 m to 249.94 m in DC21-2006, 0 m to 101.61 m and 410.11 m to 434.80 m in DC21-2007, 190.94 m to 199.95 m in DC21-2008, 86.22 m to 289.26 m in DC21-2009, 108.66 m to 276.00 m in DC21-2010, 0 m to 96.04 m and 192.58 m to 280.11 m in DC21-2011, and 0 m to 42.58 m and 127.70 m to 254.51 m in DC21-2022. Assay data are not yet available for all of holes DC21-2002, DC21-2012 through DC21-2021, and DC21-2023 through DC21-2032.