We have another confirmation for the magnitude for the giant Donlin Gold Project in Alaska. TNR Gold shareholder NovaGold is developing Donlin Gold in a JV with Barrick Gold. Barrick Gold Boss, Mark Bristow said: "The results continued to highlight Donlin's world-class potential". Earlier this summer Barrick Gold has confirmed that "Donlin Gold is a key project for Barrick Gold".
"With the industry burning through reserves, and grades continuing to decline, great drill results with even higher-than-modelled grades are exciting for any mining company - and we believe that to be particularly true for Donlin Gold at this late stage of development," said Novagold CEO Greg Lang.
Barrick boss, Mark Bristow, said the results continued to highlight Donlin's world-class potential." Mining Journal.
TNR Gold Shotgun Gold Project is located 190 km south of Donlin Gold and I personally believe that we are very well positioned now with our development strategy. This approach becomes particularly interesting after recent M&A activities by Kinross Gold.
"Today we have Peak Gold Supply in the spotlight again. Majors have to buy new Gold projects in order to replenish their resources in the pipeline for development. Kinross Gold is acquiring 70% of the Peak Gold project and putting all our Shotgun Gold development Story into the new light of potential developments now:
"CALGARY - Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million.
Toronto-based Kinross has agreed to pay Royal Gold about $66 million for its entire 40 per cent stake and $59.6 million for half of Contango's 60 per cent share, leaving Contango with a minority 30 per cent holding.
The miner says it plans to process ore from the open-pit Peak Gold mine at its existing Fort Knox mine, 400 kilometres to the northwest, to reduce costs and extend the life of the existing mill and infrastructure." BNN Bloomberg.
Shotgun Gold Project is located 190 km south from Donlin Gold, where our shareholder NovaGold is developing this giant project together with Barrick Gold."
Higher Gold prices are pushing all industry insiders to adjust their strategy, the whole mining districts can be built around the central for particular Mining Camp facilities like Kinross is doing now. M&A and consolidation of the resources around such existing and developing infrastructure have already started.
Donlin Gold Project is moving forward now and we are witnessing the building of the new major Mining Camp on the US Soil. Projects like Shotgun Gold can provide upside potential of the Gold "Blue Sky Discovery" in the making, but with the solid foundation based on its shareholders and developing infrastructure at the Donlin Gold Mining Camp. Below you can find more information about TNR Gold, Shotgun Gold Project and Donlin Gold Mining Camp in the making.
Gold In The USA, The Alaskan Elephant Country: TNR Gold Shotgun Gold Project Presentation.
"The upside is clear. Indeed, Novagold sees it well enough, since it retains a significant stake in TNR, and former Novagold director Greg Johnson now sits on the TNR board. How long it will take the rest of the market to wake up remains to be seen.
Nonetheless Klip is confident that this is a company that’s going places.“We are not dreamers,” he says. “We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”Alastair Ford: "TNR Gold Has Huge Potential Upside At The Shotgun Gold Project, Plus Significant Potential Cashflow From Two Sizeable Royalties."
Mining Journal:
Henry Lazenby
Development partners Barrick Gold and Novagold say they have completed the most extensive drilling programme at the Donlin gold project in Alaska in the past 12 years, with a resource update to come.
"Donlin's 39Moz (average 2.24g/t) measured and indicated resource makes it one of the biggest undeveloped gold deposits in the world.
Exploration has focused on about 3km of an 8km-long known system.
The 23,400m, 85-hole 2020 Donlin drilling campaign targetted the ACMA and Lewis deposits.
The partners have received assays for the first 25 holes, or about 30% of the length drilled, with results for nine holes already released. Better intercepts from the latest holes are 4.17m grading 80.6 grams gold per tonne from 123.5m depth, including 3.15m of 106.2g/t; 6.93m at 43.1g/t from 178.6m, including 3.25m of 90.5g/t; 19.77m at 11.3g/t from 48.86m, including 7m at 25.2g/t; and 33.88m at 6.5g/t, including 7.94m at 11.3g/t.
The results will feed into a resource update for the project and will be followed up next year with more drilling.
According to operator Novagold, results continued to indicated better-than-modelled grade thickness, with higher grades observed over narrower intervals, particularly in sedimentary rocks.
"With the industry burning through reserves, and grades continuing to decline, great drill results with even higher-than-modelled grades are exciting for any mining company - and we believe that to be particularly true for Donlin Gold at this late stage of development," said Novagold CEO Greg Lang.
Barrick boss, Mark Bristow, said the results continued to highlight Donlin's world-class potential.
Earlier this year shortseller, J Capital Research, alleged Donlin was technically so challenging it constituted a "pipe dream" and "would never be built", and that Barrick and Novagold were gaslighting investors
Novagold filed a lawsuit against JCAP in July saying it suffered damages from the manipulative "short and distort" report.
Novagold shares (TSX: NG) are up 59% over the past 12 months at C$14.11. Barrick's (NYSE American: GOLD) are up 55% at US$26.63."
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