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Northern Star Resources Ltd.
Summary
| Project: | Pogo | |
|---|---|---|
| Deposit: | Pogo | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-2-2019: Northern Star Resources Ltd. announces an Exploration/Drilling Update report for its Pogo deposit at the Pogo project. Drilling results incl. 2.0m @ 175.3g/t Au. Northern Star Resources (ASX: NST) is pleased to announce a host of outstanding ex | |
| Resources: | (Resource, Total): 8.8Mt @ 14.7g/t Au for 4.15Moz Au contained at Pogo | |
| CP/QP: | [Overall Report]: Darren Cooke (Internal) | |
| ABSTRACT: | Northern Star Resources (ASX: NST) is pleased to announce a host of outstanding exploration results which further underpin the Company’s growth strategy at its Pogo gold mine in Alaska. Northern Star Executive Chairman Bill Beament said the Company had invested heavily in Pogo since its acquisition in October last year as part of its strategy to grow its mine life, production and cashflow. He said the benefits of this investment were already clear, with the results strengthening the view Northern Star formed of Pogo’s huge potential at the time of its acquisition. “Many of these exceptional drilling results come from outside the existing Resource and clearly pave the way for a significant increase in the Mineral Resources,” Mr Beament said. “And the infill results show we are well on track for a substantial maiden JORC Reserve.” As part of the drive to grow the Mineral Resources, Northern Star has already secured key exploration and production approvals. These approvals now cover the proposed production site at the Central Lodes and stretch to the edge of the highly promising Goodpaster prospect. Mr Beament said the results showed, yet again, the merits of Northern Star’s strategy of investing in Tier-1 projects in Tier-1 locations. “Pogo is fast turning out to be everything we expected and more,” he said. “Our policy of investing in exploration and productivity is generating results which are entirely consistent with our goal of growing Pogo’s mine life, production and cashflow.” DETAILS OF EXPLORATION AND RESOURCE GROWTH UPDATE INTRODUCTION TO THE POGO DEPOSIT The Pogo gold deposit is located ~60 kilometres north-east of Delta Junction in Alaska, USA. Located within the world-class Tintina Gold Province, Pogo is one of a series of intrusion-related mineral systems associated with mid-Cretaceous intrusive complexes (Table 1). Pogo was discovered in 1994 and commenced underground production in 2006. To mid-2018, total gold production from Pogo totalled 3.8Moz at an average grade of 13.6gpt. A plan and representative cross section from the Pogo deposit is shown in Figure 1. | |
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