Friday, 29 March 2019

TNR Gold Shotgun Project: Gold In The Alaskan Elephant Country - Alaska's Donlin Gold Project Receives Crucial Permits




Gold In The Alaskan Elephant Country: Kirill Klip On TNR Gold’s Shotgun Gold Project In Alaska.





"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."





Why More Gold M&A Is Coming: GEM Royalty TNR Gold Presentation - Gold In Alaskan Elephant Country.





Barrick Gold is developing together with NovaGold 40MOZ giant Donlin Gold in Alaska - "arguably the most important Gold project in the world." So where will you be looking for the elephants? Maybe in the Alaskan Elephant Country. Barrick Gold received crucial permits to advance Donlin Gold last week and now this story will be getting more and more interesting.



LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.






PDAC 2019: TNR Gold Invites Expressions Of Interest For Shotgun Gold Project, Alaska.




"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."


LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.





The Heartland Institute:

ALASKA’S DONLIN GOLD PROJECT RECEIVES CRUCIAL PERMITS

MARCH 21, 2019
By Duggan Flanakin
The Donlin Gold project, a joint venture of Novagold Resources Alaska Inc. and Barrick Gold US Inc., is closer to becoming a reality with the state of Alaska having issued two critical permits.
The Donlin Gold project, a joint venture of Novagold Resources Alaska Inc. and Barrick Gold US Inc., is closer to becoming a reality with the state of Alaska having issued two critical permits.
The proposed mine, which is estimated to hold 39 million ounces of gold, is in the Yukon Kuskokwim region of Alaska, 280 miles west of Anchorage. The mine is expected to have an operational life of at least 27 years.
Waste Treatment, Site Recovery
The Alaska Department of Environmental Conservation approved Donlin’s waste management permit detailing how solid, liquid, and hazardous waste from mining operations will be handled. In addition, Alaska’s Department of Natural Resources (DNR) approved the mine’s reclamation permit specifying the steps its owners must take to restore the site after the mine closes.
As a requirement of its permits, Donlin guarantees to reclaim and provide long-term care and maintenance of the mine site, including water management and treatment. Donlin’s owners will also provide a $322 million bond to cover site reclamation and water management and treatment.
Unique Wetland Agreement
Donlin’s principals also agreed to protect wetlands owned by the Alaska Mental Health Trust Authority in the Cook Inlet area, to satisfy a requirement the companies offset the acreage the mine would occupy. The proposed mine would disturb about 2,800 acres of southwest Alaska wetlands, and the agreement would provide offsets for about 2,000 acres.
The wetlands agreement, according to Alaska’s Energy Desk, is the first of its kind for the Health Trust Authority and requires Donlin Gold to pay $200,000 to the trust, plus additional payments each year for 10 years while the companies decide whether to proceed. Once operations begin, Donlin Gold will pay another $1.3 million to the trust to preserve the 2,000 acres for 99 years.
Before beginning operations, Donlin still has to secure infrastructure permits for temporary roads, fiber optic lines, and pipelines to carry fuel, likely natural gas, to the project. The project must also obtain rights of way, water rights and temporary water use authorizations, and a dam safety certificate.
Public Benefits of Gold Mining
With current spot gold prices hovering above $1,300 per ounce, the project could yield gold worth more than $50 billion during its lifetime. Two other Alaska gold mining operations—the Fort Knox gold mine north of Fairbanks and the Pogo gold mine near Delta Junction—are currently providing high-paying jobs for Alaska residents.
Alaska Policy Forum Director of Operations Larry Barsukoff says jobs and revenues from the Donlin Gold project would bolster the local and state economies.
“The Donlin project represents a tremendous economic opportunity for the residents of the Yukon Kuskokwim area,” Barsukoff said. “The Alaska Policy Forum supports responsible development of natural resources, is excited to see the project move through the permitting process, and looks forward to work starting in the near future.”
Duggan Flanakin (dflanakin@gmail.comwrites from Austin, Texas.

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