800 West
Pender Street, Suite 1020
Vancouver , British Columbia
Canada V6C 2V6
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under cover Form 20-F or Form 40-F.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
By: /s/ Jeffrey R. Mason
Director and Chief Financial Officer
Date: September 23, 2004
Print the name and title of the signing officer under his signature.
-------------------------
Northern Dynasty Minerals Ltd .
1020 - 800 West Pender Street
Vancouver , BC
Canada V6C 2V6
Tel 604 684-6365 - Fax 604 684-8092
Toll Free 1 800 667-2114
http://www.hdgold.com
MR. WALTER SEGSWORTH JOINS BOARD OF NORTHERN DYNASTY
September
23, 2004 , Vancouver , BC - Ronald
W. Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (TSX Venture-NDM;
OTC.BB-NDMLF) is pleased to announce the appointment of Mr. Walter T. Segsworth
as a Director of Northern Dynasty. Mr. Segsworth is a well-known and respected
member of the international mining industry. He was President, Chief Operating
Officer and Director of Homestake Mining Company until recently when the company
merged with Barrick Gold. Homestake's operations and projects were located
in Canada , the United States , Australia , Chile and Argentina . During Mr.
Segsworth's tenure, Homestake set a 125 year gold production record and
the company's operating costs reached 25 year lows.
Prior to joining Homestake, Mr. Segsworth was President, CEO and Director
of Westmin Resources Limited, which operated three mines in British Columbia,
the Myra Falls and Premier underground mines and the Gibraltar open pit mine.
Taseko Mines Limited, another company in the Hunter Dickinson group, currently
owns Gibraltar . Westmin also developed the large-scale Lomas Bayas copper
project in Chile . During the period of 1974-1990, Mr. Segsworth was part
of Noranda Minerals Limited and was General Manager of the Central Canada
Potash Mine in Saskatchewan , the Golden Giant Mine in Ontario and the Bell
Copper Mine in British Columbia .
Mr. Segsworth is a past Director and Chairman of the Mining Associations of
Canada and British Columbia , and was voted British Columbia Mining Industry
Person of the Year in 1996. He is a member of the Canadian Institute of Mining,
Metallurgy and Petroleum and until recently, was part of the Mining Curriculum
Advisory Board of the Michigan Technological University , from which he earned
his degree in Mining Engineering.
Northern Dynasty is focused on a rigorous program to advance the Pebble gold-copper-molybdenum
project, located in southwestern Alaska . Following third party confirmation
of a substantial mineral resource in the Pebble deposit in January 2004, the
Pebble project began an important transition from exploration to mine planning
and permitting, and Mr. Segsworth's extensive operational and financial
experience will be of great assistance to the Company during development.
The current C$34.5 million program encompasses comprehensive drilling to upgrade
the Pebble resource to measured and indicated categories, baseline environmental
and socioeconomic studies to support state and federal project permit applications,
as well as site testing and engineering studies directed toward completion
of a bankable feasibility study in 2005.
For further details about Northern Dynasty please visit the Company's
website at www.northerndynastyminerals.com or contact Investor Services at
(604)684-6365 or within North America at 1-800-667-2114.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Ronald W. Thiessen
Ronald W. Thiessen
President and CEO
No regulatory authority has approved or disapproved the information contained
in this news release.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or developments
that the Company expects are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. For more information on
the Company, Investors should review the Company's annual Form 20-F filing
with the United States Securities Commission.