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Northern Dynasty Minerals Ltd.
Summary
| Project: | Pebble | |
|---|---|---|
| Deposit: | Pebble | |
| Location: | United States | |
| Commodities: | Copper-Gold-Molybdenum-Silver | |
| Date: | 2/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-2-2018: Northern Dynasty Minerals Ltd. announces a Resource Estimation report for its Pebble deposit at the Pebble project. Updated Mineral Resource statement for the Pebble project. The Pebble deposit was originally discovered in 1989 and was acquired | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Resources]: J. David Gaunt (Independent) | |
| ABSTRACT: | The Pebble deposit was originally discovered in 1989 and was acquired by Northern Dynasty Minerals Ltd. (Northern Dynasty) in 2001. Since that time, Northern Dynasty and subsequently the Pebble Limited Partnership (Pebble Partnership, in which Northern Dynasty currently owns a 100% interest) have conducted significant mineral exploration, environmental baseline data collection, and engineering studies to advance the Pebble Project. Since the acquisition by Northern Dynasty, work at Pebble has led to an overall expansion of the Pebble deposit, as well as the discovery of several other mineralized occurrences along an extensive northeasttrending mineralized system underlying the property. Over 1 million feet of drilling has been completed on the property, a large proportion of which has been focused on the Pebble deposit. The previous estimate of the mineral resources in the Pebble deposit was stated in a technical report completed in 2014. Comprehensive deposit delineation, environmental, socioeconomic and engineering studies of the Pebble deposit began in 2004 and continued through 2013. In February 2014, the US Environmental Protection Agency (EPA) announced a pre-emptive regulatory action under the Clean Water Act (CWA) to consider restriction or a prohibition of mining activities associated with the Pebble deposit. From 2014-2017, Northern Dynasty and the Pebble Partnership focused on a multidimensional strategy, including legal and other initiatives to ward off this action. On May 12, 2017, Northern Dynasty announced a settlement agreement with EPA, clearing the way for Pebble to apply for a CWA 404 permit with the US Army Corps of Engineers (USACE). Section 404 of the Clean Water Act (CWA) governs the discharge of dredged or fill materials into waters of the U.S., including wetlands | |
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