https://www.miningweekly.com

Northern Star sinks funding into Pogo

16th October 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed gold miner Northern Star will spend between A$15-million and A$20-million on exploration and drilling activities at its newly acquired Pogo project, in Alaska.

The company on Tuesday reported a Joint Ore Reserves Committee- (Jorc-) compliant resource of 8.8-million tonnes, grading 14.7 g/t gold for 4.15-million ounces of gold at Pogo.

This was in line with the previously reported non-Jorc resource estimate of 4.1-million ounces at 12.2 g/t gold, which included 765 000 oz in satellite deposits external to the main Pogo mine.

Northern Star told shareholders that these satellite deposits have not been included in the new resource estimate.

Northern Star MD Bill Beament said that after assuming control of the project, the company’s focus now was to move to resource definition and extensional drilling.

Beament said that there were eight diamond drilling rigs currently operating at Pogo, with four of these rigs operating underground, and focusing on resource definition drilling in the North zone and Leise vein system, as well as targeting resource extensions within the Fun zone.

The remaining four diamond drill rigs are on surface exploring new lateral and downdip extensions to the main Leise vein system, adjacent to the Fun zone production area.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.042 0.22s - 110pq - 2rq
Subscribe Now