Northern Dynasty Drilling Successfully Delineating Pebble Gold-Copper-Molybdenum Deposit

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 6-K
 
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
 
CIK #1164771
 
 
As at December 15, 2004
 

NORTHERN DYNASTY MINERALS LTD.

800 West Pender Street, Suite 1020
Vancouver, British Columbia
Canada V6C 2V6
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
Form 20-F...X.... Form 40-F.........
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
 
 
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
 
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
 
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No .....
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
 
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: December 15, 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

NORTHERN DYNASTY DRILLING SUCCESSFULLY DELINEATING
PEBBLE GOLD-COPPER-MOLYBDENUM DEPOSIT

December 15, 2004 , Vancouver , BC - Ronald W. Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (TSX Venture-NDM; AMEX-NAK) is pleased to announce assay results for all core holes drilled during Northern Dynasty's extensive 2004 drilling program at the Pebble gold-copper-molybdenum deposit in southwest Alaska. This program of systematic core drilling was designed to upgrade a significant portion of the Pebble deposit's inferred mineral resource to measured and indicated classifications and to determine the deposit's full lateral and depth extent.

A complete tabulation of assay results from the 173 core holes (numbered 4136 through 4309) drilled during 2004 are attached to this news release and posted at www.northerndynasty.com. Drill hole locations maps are also posted at www.northerndynasty.com. These results demonstrate and confirm the exceptional uniformity and continuity of Pebble deposit mineralization, which occurs in a near-surface configuration with almost no internal waste over a broad area measuring at least 3 kilometres east-west and 2 kilometres north-south. The detailed drilling results provide positive confirmation of the geological model developed by Northern Dynasty and include numerous wide intervals with assay grades equal to or exceeding the previous deposit average estimated by Norwest Corporation in February 2004. A new independent resource estimate incorporating all 2004 drill holes, including the new East Zone discovery holes which intercepted substantial higher-grade gold-copper-molybdenum mineralization outside of the previous resource boundary (see NDM news release dated November 29, 2004), will be completed by an independent engineering company in the first quarter of 2005.

Another highlight of the 2004 drilling program is the discovery of additional porphyry gold-copper mineralization in a single hole drilled to test a 3.5 kilometre by 1.0 kilometre induced polarization geophysical anomaly located 15 kilometres southwest of the Pebble deposit. Drill hole 4308 returned 0.44% copper-equivalent over a 51.8 metre (170 feet) core length and demonstrates the potential for discovery of significant additional gold-copper porphyry deposits within the Pebble sulphide system. The 89 square kilometre Pebble mineral system, which is known to host several porphyry gold-copper deposits and occurrences has been listed by the United States Geological Survey as the world's most extensive sulphide system.

Northern Dynasty's Cdn$33.5 million comprehensive 2004 work program is nearing completion. The program was designed to collect detailed engineering, environmental and socioeconomic data for completion in 2005 of a Feasibility Study and permit applications for a long life, large-scale, open pit, gold-copper-molybdenum mine. A recent Preliminary Assessment indicates that the Pebble project could generate very attractive rates of return at production rates of 100,000 to 200,000 tonnes per day over a 30 to 60 year mine life.

An independent resource estimate prepared in early 2004 by Norwest Corporation, an internationally recognized minerals industry consulting firm, established Pebble as the largest deposit of contained gold and the second largest deposit of contained copper resources in North America, containing 26.5 million ounces of gold and 16.5 billion pounds of copper within an Inferred Mineral Resource of 2.74 billion tonnes grading 0.55% copper-equivalent (0.30 grams gold per tonne, 0.27% copper and 0.015% molybdenum above a cut-off grade of 0.30% copper-equivalent). The Norwest estimate included higher-grade resources of 435 million tonnes of 0.49 grams gold per tonne, 0.42% copper and 0.021% molybdenum, or 0.84% copper-equivalent above a cut-off grade of 0.70% copper-equivalent. These higher-grade resources will facilitate rapid recovery of capital costs during the early years of a large scale mining operation.
 
The Pebble deposit is located in an area of gentle terrain and moderate climate, only 95 kilometres from ice-free tidewater in Cook Inlet. The State of Alaska's Southwestern Transportation Plan includes a port and a road from Cook Inlet to the town of Iliamna, located 25 km to the southeast of the Pebble deposit. The Alaskan Department of Transportation and Public Facilities has commissioned pre-feasibility level engineering studies along this transportation corridor, with results expected in early 2005. Power requirements are likely to be met by connection to the Railbelt Transmission Grid, which services 75% of the Alaskan population and produces 80% of the State's power or by an Independent Power Producer's generator located adjacent to the project area.
 
Mark Rebagliati, P.Eng., and Dr. Morris Beattie, P.Eng., are the Qualified Persons for the Pebble Project and are supervising the quality control and quality assurance program. Core logging and sampling are completed in Northern Dynasty's secure facility at Iliamna, Alaska. The NQ-size core is mechanically split and samples are transported to the ALS Chemex laboratory in Fairbanks for drying, weighing and crushing. Samples are shipped by airfreight to the main ALS Chemex laboratory, North Vancouver, Canada (an ISO 9002 certified laboratory) for final preparation and analysis. Gold is determined by 30 g Fire Assay (FA) fusion with an Atomic Absorption Spectroscopy (AAS) finish. Copper and molybdenum assays are by four acid digestion with an Inductively Coupled Plasma-Emission Spectroscopy (ICP-ES) finish. All samples are also analyzed for 23 additional elements by four acid digestion ICP-ES. Northern Dynasty includes standards, duplicates and blanks in addition to the laboratory's internal quality control work. Duplicate samples are analyzed by Acme Analytical Laboratories of Vancouver, Canada.
 
Northern Dynasty recently exercised its options to acquire an 80% interest in the Resource Lands hosting most of the Pebble deposit and a minimum 40% interest in the surrounding Exploration Lands from Teck Cominco American Inc. Teck Cominco has a 90 day right to form a 50-50 joint venture on the Exploration Lands. Northern Dynasty also has a 90 period to elect to acquire the 20% carried interest in the Pebble Project held by Hunter Dickinson Group Inc., a related party, for share consideration equal to its independently appraised value. By exercising all of its options, Northern Dynasty can acquire up to a 100% interest in the Resource Lands (with no back-in rights or royalty) and a minimum 50% interest in the surrounding Exploration Lands.
 
For further details on Northern Dynasty Minerals Ltd. and its Pebble Project please visit Northern Dynasty's website at www.northerndynasty.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.
 
The TSX Venture Exchange and the American Stock Exchange have neither approved nor disapproved of the contents of this press release.

Cautionary Note to U.S. Investors concerning Estimates of Inferred Resources

This news release uses the term "inferred resources". The Company advises U.S. investors that while this term is recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize it. There is a great amount of uncertainty about the existence, and economic and legal feasibility of "inferred resources". It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
 
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, and 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 and its home jurisdiction filings that are available at www.sedar.com.  

--------

NORTHERN DYNASTY MINERALS LTD. - PEBBLE PROJECT
TABLE OF ASSAY RESULTS
 


Drill Hole
Number
From
(metres)
To
(metres)
Intercept
(metres)
Intercept
(feet)
Au
g/t
Cu
%
Mo
%
CuEQ1
%

4136
 
149.4
313.9
164.6
540
0.40
0.42
0.020
0.79

4136
Incl.
234.7
301.8
67.1
220
0.59
0.48
0.020
0.97

4137
 
32.0
381.6
349.6
1147
0.39
0.36
0.022
0.73

4137
Incl.
166.7
310.0
143.3
470
0.54
0.52
0.028
1.02

4138
 
39.6
303.9
264.3
867
0.42
0.31
0.023
0.71

4138
Incl.
114.0
194.8
80.8
265
0.68
0.42
0.029
1.01

4139
 
25.6
154.8
129.2
424
0.51
0.42
0.014
0.83

4140
 
6.1
200.3
194.2
637
0.37
0.30
0.014
0.62

4140
Incl.
87.5
162.8
75.3
247
0.52
0.36
0.014
0.77

4141
 
28.0
44.8
16.8
55
1.96
0.03
0.001
1.28

4141
 
142.3
163.7
21.3
70
1.28
0.10
0.002
0.93

4141
 
266.1
325.8
59.7
196
0.43
0.37
0.015
0.73

4142
 
24.4
283.2
258.8
849
0.68
0.44
0.019
0.98

4142
Incl.
24.4
45.4
21.0
69
0.50
0.61
0.044
1.18

4142
Incl.
130.8
234.4
103.6
340
1.11
0.52
0.018
1.33

4143
 
24.1
54.6
30.5
100
0.32
0.31
0.015
0.60

4143
 
134.1
197.8
63.7
209
0.40
0.36
0.018
0.71

4143
 
231.7
258.8
27.1
89
0.33
0.35
0.034
0.75

4144
 
157.0
292.3
135.3
444
0.37
0.34
0.019
0.68

4144
Incl.
222.2
292.3
70.1
230
0.50
0.42
0.025
0.88

4145
 
21.0
280.1
259.1
850
0.68
0.55
0.037
1.20

4145
Incl.
85.0
249.6
164.6
540
0.88
0.69
0.050
1.54

4145
Incl.
106.4
249.6
143.3
470
0.93
0.74
0.053
1.63

4146
 
29.3
142.7
113.4
372
0.45
0.34
0.018
0.72

4146
Incl.
69.5
142.7
73.2
240
0.46
0.38
0.022
0.80

4147
 
24.1
185.6
161.5
530
0.80
0.40
0.010
0.96

4147
Incl.
60.7
161.2
100.6
330
0.99
0.42
0.011
1.11

4148
 
18.3
78.9
60.7
199
0.46
0.38
0.019
0.78

4148
Incl.
18.3
51.5
33.2
109
0.50
0.43
0.025
0.88

4148
 
179.5
213.1
33.5
110
0.36
0.38
0.010
0.66

4149
 
171.6
473.4
301.8
990
0.49
0.46
0.026
0.92

4149
Incl.
171.6
407.8
236.2
775
0.54
0.51
0.027
1.01

4150
 
39.3
60.7
21.3
70
0.54
0.32
0.008
0.71

4150
 
88.1
241.1
153.0
502
0.42
0.32
0.014
0.67

4151
 
48.5
78.9
30.5
100
0.27
0.25
0.013
0.50

4152
 
48.5
78.9
30.5
100
0.30
0.19
0.010
0.44

4153
 
72.5
261.5
189.0
620
0.30
0.27
0.013
0.54

4153
Incl.
72.5
93.9
21.3
70
0.56
0.36
0.010
0.78

4154
 
24.1
66.8
42.7
140
0.60
0.21
0.001
0.60

4154
 
208.3
289.3
80.9
266
0.33
0.39
0.015
0.68

4155
 
185.6
310.6
125.0
410
0.42
0.46
0.018
0.83

4156
Anomalous results, 0.35% CuEQ over hole length of 117 feet.

4157
Anomalous results, 0.22% CuEQ over hole length of 150 feet.

4158
 
127.7
155.1
27.4
90
0.58
0.24
0.008
0.65

4158
 
225.6
310.6
85.0
279
0.63
0.42
0.009
0.88

4159
Anomalous results, 0.27% CuEQ, over hole length of 124 feet.

4160
 
75.3
105.2
29.9
98
0.47
0.29
0.005
0.62

4161
 
48.5
85.8
37.3
123
0.52
0.33
0.010
0.72

4161
 
167.3
205.1
37.8
124
0.51
0.35
0.009
0.72

4162
 
39.3
143.0
103.6
340
0.56
0.29
0.018
0.75

4162
 
152.1
216.1
64.0
210
0.32
0.28
0.019
0.60

4163
 
22.6
212.8
190.2
624
0.42
0.30
0.011
0.63

4164
 
39.6
185.4
145.8
478
0.38
0.29
0.018
0.63

4164
 
229.3
271.0
41.7
137
0.27
0.33
0.011
0.57

4165
 
25.5
330.7
305.3
1002
0.48
0.32
0.015
0.71

4165
Incl.
25.5
57.9
32.5
107
0.43
0.45
0.011
0.78

4165
Incl.
266.7
330.7
64.0
210
0.75
0.30
0.014
0.85

4166
 
15.2
118.6
103.3
339
0.63
0.37
0.007
0.81

4167
Anomalous results, 0.28% CuEQ over hole length of 899 feet.

4168
 
36.3
197.8
161.5
530
0.46
0.29
0.006
0.62

4169
 
27.7
228.3
200.6
658
0.48
0.32
0.014
0.70

4169
Incl.
143.0
213.1
70.1
230
0.58
0.36
0.018
0.83

4170
 
21.0
161.2
140.2
460
0.41
0.31
0.006
0.61

4170
Incl.
127.3
161.2
34.0
112
0.46
0.39
0.010
0.73

4171
 
136.9
286.2
149.4
490
0.25
0.28
0.009
0.50

4172
 
63.1
289.9
226.8
744
0.67
0.34
0.010
0.83

4172
Incl.
63.1
207.0
143.9
472
0.85
0.38
0.011
0.98

4173
 
104.9
182.3
77.4
254
0.48
0.40
0.016
0.79

4174
Abandoned, no core, redrilled as 4177.

4175
 
145.5
214.3
68.7
226
0.23
0.29
0.023
0.56

4175
 
145.5
162.5
16.9
56
0.31
0.39
0.022
0.71

4175
 
255.4
295.1
39.6
130
0.25
0.33
0.029
0.65

4176
 
132.6
207.0
74.4
244
0.35
0.35
0.007
0.61

4177
 
83.5
134.7
51.3
168
0.48
0.29
0.011
0.66

4178
 
21.3
330.1
308.8
1013
0.26
0.31
0.019
0.58

4178
Incl.
48.5
124.7
76.2
250
0.38
0.38
0.020
0.73

4179
 
30.2
57.6
27.4
90
0.41
0.36
0.011
0.68

4180
 
124.7
216.1
91.4
300
0.45
0.34
0.011
0.69

4181
 
163.7
274.0
110.3
362
0.75
0.33
0.022
0.93

4182
 
24.4
307.2
282.9
928
0.39
0.41
0.031
0.83

4182
Incl.
196.6
285.9
89.3
293
0.43
0.49
0.047
1.03

4183
 
91.1
191.7
100.6
330
0.48
0.26
0.006
0.60

4184
 
30.5
216.1
185.6
609
0.28
0.31
0.027
0.64

4184
Incl.
30.5
115.5
85.0
279
0.33
0.37
0.025
0.72

4185
 
33.5
179.5
146.0
479
0.37
0.30
0.006
0.57

4186
 
28.7
151.8
123.1
404
0.40
0.51
0.035
0.96

4186
Incl.
82.0
133.2
51.2
168
0.54
0.60
0.044
1.19

4187
 
31.1
170.7
139.6
458
0.39
0.61
0.057
1.19

4187
Incl.
42.7
118.9
76.2
250
0.47
0.86
0.063
1.51

4188
 
181.5
426.4
244.9
804
0.55
0.47
0.031
1.00

4188
Incl.
216.1
368.5
152.4
500
0.65
0.57
0.032
1.16

4189
 
12.2
296.9
284.7
934
0.34
0.39
0.025
0.75

4189
Incl.
12.2
76.5
64.3
211
0.73
0.81
0.081
1.73

4190
 
12.5
96.9
84.4
277
0.55
0.42
0.023
0.90

4191
 
57.3
118.3
61.0
200
0.43
0.33
0.009
0.66

4192
 
103.3
122.6
19.3
63
0.47
0.36
0.022
0.78

4193
 
69.8
128.9
59.1
194
0.54
0.30
0.009
0.70

4194
 
18.0
64.9
46.9
154
0.72
0.51
0.011
1.04

4194
 
64.9
320.0
255.1
837
0.22
0.27
0.018
0.51

4194
Incl.
277.1
320.0
43.0
141
0.36
0.36
0.027
0.74

4195
 
30.2
112.5
82.3
270
0.33
0.34
0.028
0.71

4196
 
36.3
249.6
213.4
700
0.45
0.47
0.014
0.84

4196
Incl.
66.8
249.6
182.9
600
0.48
0.49
0.015
0.88

4196
Incl.
144.8
188.7
43.9
144
0.61
0.63
0.015
1.09

4197
 
18.0
45.2
27.2
89
0.50
0.34
0.004
0.69

4197
 
79.6
228.3
148.7
488
0.27
0.31
0.011
0.55

4198
 
38.4
106.4
68.0
223
0.40
0.45
0.013
0.78

4198
 
121.0
154.2
33.2
109
0.24
0.40
0.014
0.63

4198
 
204.2
286.2
82.0
269
0.31
0.40
0.013
0.67

4199
 
25.3
37.5
12.2
40
0.47
0.39
0.003
0.70

4199
 
53.2
199.5
146.3
480
0.48
0.48
0.011
0.85

4199
Incl.
96.0
148.3
52.3
172
0.65
0.65
0.013
1.13

4200
 
23.3
264.9
241.6
793
0.31
0.34
0.012
0.60

4200
Incl.
216.1
264.9
48.8
160
0.40
0.49
0.009
0.80

4201
 
39.6
128.0
88.4
290
0.26
0.41
0.029
0.74

4201
Incl.
42.7
73.2
30.5
100
0.29
0.55
0.026
0.87

4202
 
51.8
221.9
170.1
558
0.21
0.35
0.027
0.64

4202
Incl.
51.8
81.4
29.6
97
0.21
0.53
0.031
0.84

4203
 
17.7
109.1
91.4
300
0.41
0.51
0.067
1.15

4203
 
133.5
182.3
48.8
160
0.24
0.41
0.032
0.74

4204
 
28.4
200.0
171.6
563
0.39
0.53
0.039
1.01

4204
Incl.
28.4
135.9
107.6
353
0.49
0.68
0.035
1.19

4205
 
17.7
310.3
289.6
950
0.39
0.36
0.016
0.70

4205
Incl.
44.8
78.6
33.8
111
0.45
0.48
0.012
0.83

4205
Incl.
197.2
231.0
33.8
111
0.44
0.46
0.022
0.86

4206
 
65.8
189.9
124.1
407
0.46
0.36
0.017
0.75

4206
Incl.
74.1
104.6
30.5
100
0.54
0.40
0.015
0.83

4206
Incl.
159.4
189.9
30.5
100
0.46
0.41
0.021
0.82

4207
 
33.7
395.6
362.0
1188
0.32
0.41
0.016
0.71

4207
Incl.
55.6
107.6
52.0
171
0.51
0.51
0.014
0.91

4207
Incl.
122.5
167.0
44.5
146
0.49
0.56
0.013
0.94

4208
 
14.3
337.4
323.1
1060
0.43
0.26
0.008
0.58

4208
Incl.
14.3
191.1
176.8
580
0.43
0.27
0.009
0.60

4208
Incl.
14.3
127.1
112.8
370
0.45
0.29
0.008
0.62

4209
Anomalous results, 0.41% CuEQ over hole length of 931.5 feet.

4210
 
184.7
368.2
183.5
602
0.43
0.53
0.018
0.90

4210
Incl.
184.7
282.9
98.2
322
0.51
0.65
0.021
1.09

4211
 
27.1
97.2
70.1
230
0.51
0.27
0.012
0.67

4211
Incl.
63.7
97.2
33.5
110
0.59
0.33
0.012
0.77

4212
 
11.9
166.1
154.2
506
0.45
0.37
0.012
0.72

4212
Incl.
11.9
30.2
18.3
60
0.68
0.54
0.005
1.00

4213
 
12.5
23.5
11.0
36
0.58
0.46
0.011
0.89

4213
 
60.7
133.8
73.2
240
0.32
0.29
0.021
0.61

4214
 
7.9
310.6
302.7
993
0.29
0.31
0.024
0.63

4214
 
7.9
60.7
52.7
173
0.45
0.55
0.038
1.06

4215
 
39.3
146.0
106.7
350
0.26
0.27
0.022
0.56

4216
 
9.1
286.2
277.1
909
0.31
0.28
0.020
0.60

4216
Incl.
9.1
79.6
70.4
231
0.45
0.34
0.017
0.72

4216
Incl.
225.3
286.2
61.0
200
0.31
0.33
0.030
0.70

4217
 
9.1
210.0
200.9
659
0.29
0.34
0.015
0.61

4217
Incl.
9.1
86.3
77.1
253
0.42
0.42
0.015
0.78

4218
 
18.3
57.8
39.5
130
1.24
0.64
0.008
1.48

4218
 
165.2
231.3
66.1
217
0.32
0.39
0.019
0.70

4219
 
11.9
289.3
277.4
910
0.30
0.36
0.013
0.62

4219
Incl.
14.9
48.2
33.2
109
0.43
0.47
0.012
0.81

4219
Incl.
200.3
271.6
71.3
234
0.30
0.51
0.017
0.79

4220
 
30.2
277.1
246.9
810
0.45
0.50
0.021
0.91

4220
Incl.
30.2
216.1
185.9
610
0.48
0.54
0.022
0.98

4221
 
17.7
261.5
243.8
800
0.43
0.56
0.028
0.99

4221
Incl.
17.7
185.3
167.6
550
0.50
0.64
0.030
1.13

4222
 
23.8
185.9
162.2
532
0.36
0.57
0.047
1.06

4222
Incl.
23.8
100.0
76.2
250
0.48
0.86
0.033
1.35

4223
 
32.9
123.4
90.5
297
0.28
0.34
0.040
0.74

4223
Incl.
45.1
72.5
27.4
90
0.38
0.55
0.074
1.21

4224
Anomalous results, 0.11% CuEQ over hole length of 120 feet.

4225
Anomalous results, 0.29% CuEQ over hole length of 370 feet.

4226
 
6.1
26.7
20.6
68
0.34
0.48
0.011
0.75

4226
 
66.8
130.8
64.0
210
0.37
0.35
0.009
0.64

4226
 
188.7
274.0
85.3
280
0.47
0.45
0.015
0.84

4226
Incl.
216.1
274.0
57.9
190
0.55
0.51
0.017
0.95

4227
 
9.1
84.3
75.1
247
0.58
0.40
0.012
0.84

4228
 
10.1
33.8
23.8
78
0.64
0.68
0.008
1.13

4229
 
29.6
213.1
183.5
602
0.33
0.38
0.013
0.67

4229
Incl.
36.1
146.0
109.9
361
0.40
0.42
0.014
0.75

4230
 
9.1
42.4
33.2
109
0.57
0.47
0.009
0.88

4230
 
56.1
80.5
21.6
71
0.73
0.39
0.015
0.94

4230
 
130.8
219.2
88.4
290
0.30
0.34
0.023
0.66

4230
 
249.6
299.6
50.0
164
0.34
0.41
0.012
0.69

4231
 
6.4
103.3
96.9
318
0.43
0.44
0.026
0.86

4231
Incl.
6.4
75.9
69.5
228
0.52
0.51
0.021
0.96

4231
 
146.0
225.3
79.3
260
0.35
0.34
0.020
0.68

4232
 
11.9
109.4
97.5
320
0.45
0.26
0.013
0.62

4232
 
179.5
280.1
100.6
330
0.61
0.41
0.015
0.89

4233
 
4.6
18.0
13.4
44
0.45
0.47
0.016
0.84

4233
 
48.5
69.8
21.3
70
0.56
0.48
0.018
0.94

4233
 
88.1
108.7
20.6
68
0.68
0.38
0.008
0.85

4234
 
18.3
152.1
133.8
439
0.62
0.37
0.007
0.81

4234
Incl.
18.3
45.4
27.1
89
0.73
0.49
0.006
0.98

4234
Incl.
91.4
152.1
60.7
199
0.83
0.35
0.008
0.92

4235
 
51.5
89.3
37.8
124
0.27
0.38
0.006
0.59

4236
 
9.1
249.6
240.5
789
0.41
0.33
0.011
0.66

4236
 
71.6
115.5
43.9
144
0.72
0.37
0.009
0.89

4237
 
7.3
78.9
71.6
235
0.36
0.35
0.014
0.67

4238
 
6.7
267.9
261.2
857
0.36
0.32
0.022
0.67

4238
 
63.7
91.1
27.4
90
0.58
0.41
0.018
0.88

4238
 
228.3
255.7
27.4
90
0.46
0.42
0.044
0.97

4239
 
13.7
149.1
135.3
444
0.48
0.34
0.020
0.76

4239
Incl.
13.7
36.3
22.6
74
0.63
0.38
0.009
0.83

4239
Incl.
45.4
83.8
38.4
126
0.74
0.43
0.024
1.03

4240
 
9.1
109.4
100.3
329
0.45
0.39
0.014
0.75

4240
Incl.
9.1
78.9
69.8
229
0.53
0.45
0.015
0.87

4241
Anomalous results, 0.06% CuEQ over hole length of 349 feet.

4242
Anomalous results, 0.18% CuEQ over hole length of 669 feet.

4243
Anomalous results, 0.19% CuEQ over hole length of 399 feet.

4244
 
27.1
182.6
155.5
510
0.37
0.40
0.018
0.73

4244
Incl.
60.7
182.6
121.9
400
0.33
0.45
0.019
0.76

4244
Incl.
152.1
182.6
30.5
100
0.44
0.59
0.016
0.96

4245
 
36.3
115.5
79.3
260
0.31
0.38
0.020
0.69

4245
Incl.
36.3
75.9
39.6
130
0.37
0.43
0.023
0.79

4246
Anomalous results, 0.26% CuEQ over hole length of 652 feet.

4247
Anomalous results, 0.12% CuEQ over hole length of 489 feet.

4248
 
81.7
89.9
8.2
27
0.44
0.41
0.021
0.81

4249
Anomalous results, 0.18% CuEQ over hole length of 664 feet.

4250
 
261.8
304.2
42.4
139
0.62
0.43
0.010
0.89

4251
 
213.4
282.9
69.5
228
0.33
0.32
0.007
0.57

4252
Anomalous results, 0.29% CuEQ over hole length of 409 feet.

4253
 
84.4
127.7
43.3
142
0.12
0.40
0.004
0.50

4254
 
12.2
170.4
158.2
519
0.35
0.30
0.023
0.66

4254
Incl.
12.2
100.3
88.1
289
0.40
0.32
0.026
0.72

4255
 
39.3
57.6
18.3
60
0.55
0.17
0.002
0.53

4256
 
8.8
36.3
27.4
90
0.48
0.36
0.008
0.71

4256
 
45.4
88.1
42.7
140
0.33
0.29
0.013
0.57

4256
 
108.5
152.1
43.6
143
0.30
0.29
0.026
0.63

4257
 
6.1
103.3
97.2
319
0.47
0.36
0.018
0.75

4257
Incl.
36.3
78.9
42.7
140
0.56
0.34
0.019
0.81

4258
 
12.8
139.9
127.1
417
0.47
0.31
0.015
0.69

4258
Incl.
12.8
91.1
78.3
257
0.61
0.35
0.016
0.83

4258
Incl.
33.8
57.6
23.8
78
1.09
0.47
0.011
1.23

4259
 
9.1
213.1
203.9
669
0.25
0.28
0.019
0.54

4259
Incl.
9.1
27.1
18.0
59
0.29
0.45
0.015
0.72

4260
 
33.2
155.1
121.9
400
0.52
0.22
0.009
0.60

4260
Incl.
103.3
115.5
12.2
40
0.68
0.33
0.014
0.84

4260
Incl.
146.0
155.1
9.1
30
0.78
0.44
0.020
1.05

4261
 
10.1
27.1
17.1
56
0.31
0.43
0.011
0.69

4261
 
54.6
88.1
33.5
110
0.31
0.38
0.020
0.69

4262
 
11.9
213.1
198.4
651
0.43
0.28
0.019
0.66

4262
Incl.
75.6
94.2
18.6
61
0.88
0.31
0.027
1.02

4263
 
30.8
201.2
170.4
559
0.33
0.41
0.050
0.90

4263
Incl.
30.8
159.7
128.9
423
0.35
0.46
0.058
1.00

4264
 
12.5
41.2
28.7
94
0.67
0.24
0.014
0.74

4265
 
103.3
202.4
98.8
324
0.80
0.40
0.019
1.01

4265
Incl.
162.5
202.4
39.9
131
1.01
0.61
0.023
1.39

4266
 
25.6
111.0
85.3
280
0.50
0.34
0.014
0.74

4267
 
31.9
202.7
170.8
561
0.27
0.52
0.020
0.81

4267
Incl.
41.2
115.5
74.4
244
0.29
0.60
0.017
0.88

4268
Anomalous results, 0.42% CuEQ over hole length of 272 feet.

4269
 
14.0
202.4
188.4
618
0.35
0.38
0.030
0.77

4269
Incl.
14.0
82.1
68.1
224
0.58
0.60
0.033
1.15

4270
 
17.4
245.4
228.0
748
0.47
0.50
0.022
0.93

4270
Incl.
17.4
151.3
134.0
440
0.57
0.57
0.023
1.06

4271
 
6.4
152.4
146.0
479
0.88
0.70
0.013
1.34

4272
 
124.7
188.7
64.0
210
0.42
0.23
0.013
0.57

4273
Anomalous results, 0.34% CuEQ over hole length of 889 feet.

4274
Anomalous results, 0.18% CuEQ over hole length of 936 feet.

4275
 
5.5
174.5
338.0
1109
0.30
0.29
0.019
0.59

4275
Incl.
5.5
85.3
159.7
524
0.34
0.34
0.014
0.64

4275
 
263.7
306.3
85.3
280
0.29
0.36
0.031
0.72

4276
 
4.6
201.2
196.6
645
0.37
0.37
0.018
0.70

4276
Incl.
4.6
94.5
89.9
295
0.45
0.48
0.022
0.88

4277
 
91.4
291.4
200.0
656
0.39
0.41
0.025
0.80

4277
Incl.
91.4
134.1
42.7
140
0.62
0.34
0.044
0.98

4277
Incl.
200.0
291.4
91.4
300
0.40
0.54
0.025
0.93

4278
 
45.4
109.4
64.0
210
0.56
0.25
0.008
0.65

4278
 
141.1
249.6
108.5
356
0.43
0.29
0.019
0.67

4279
 
7.6
146.0
138.4
454
0.33
0.34
0.019
0.66

4279
Incl.
24.1
69.8
45.7
150
0.43
0.44
0.019
0.82

4280
 
10.7
191.7
178.0
584
0.36
0.26
0.013
0.56

4280
Incl.
18.0
73.5
55.5
182
0.53
0.35
0.010
0.75

4281
 
33.2
115.5
82.3
270
0.44
0.25
0.008
0.57

4281
Incl.
33.2
57.0
23.8
78
0.58
0.31
0.006
0.71

4282
 
51.5
77.3
25.8
85
0.33
0.34
0.015
0.63

4283
Anomalous results, 0.36% CuEQ over hole length of 1909 feet.

4284
 
248.0
566.6
318.7
1046
0.46
0.46
0.019
0.86

4284
Incl.
248.0
399.0
151.0
496
0.64
0.56
0.020
1.08

4285
 
6.1
41.5
35.4
116
0.70
0.31
0.002
0.77

4286
 
63.7
131.1
67.4
221
0.44
0.32
0.005
0.63

4286
 
219.5
281.6
62.2
204
0.28
0.39
0.015
0.65

4287
 
45.4
237.4
192.0
630
0.29
0.46
0.052
0.94

4287
Incl.
45.4
87.8
42.4
139
0.51
0.81
0.052
1.42

4288
 
17.4
266.4
249.0
817
0.51
0.38
0.015
0.78

4288
Incl.
164.3
266.4
102.1
335
0.54
0.46
0.016
0.89

4289
 
15.2
27.1
11.9
39
0.58
0.37
0.007
0.78

4289
 
42.4
112.5
69.8
229
0.44
0.27
0.016
0.64

4289
 
210.0
300.8
90.8
298
0.38
0.47
0.014
0.79

4290
 
35.4
67.4
32.0
105
0.42
0.28
0.011
0.61

4290
 
140.2
246.9
106.7
350
0.36
0.31
0.021
0.66

4291
 
27.4
277.1
249.6
819
0.50
0.63
0.016
1.04

4292
 
212.0
652.9
440.9
1447
0.38
0.43
0.029
0.84

4292
Incl.
212.0
341.1
129.1
424
0.55
0.57
0.021
1.04

4292
Incl.
603.2
652.9
49.7
163
0.48
0.53
0.023
0.97

4293
 
247.5
716.0
468.5
1537
0.59
0.43
0.026
0.95

4293
Incl.
247.5
411.2
163.7
537
0.86
0.61
0.020
1.26

4294
 
21.0
554.7
533.7
1751
0.26
0.26
0.018
0.52

4294
Incl.
21.0
305.7
284.7
934
0.36
0.34
0.012
0.64

4294
Incl.
21.0
44.2
23.2
76
0.78
0.59
0.006
1.12

4294
Incl.
97.2
305.7
208.5
684
0.34
0.34
0.014
0.63

4295
 
42.7
231.7
189.0
620
0.39
0.44
0.023
0.82

4295
Incl.
51.8
125.0
73.2
240
0.53
0.66
0.020
1.11

4296
 
33.5
298.7
265.2
870
0.28
0.34
0.016
0.61

4296
Incl.
33.5
103.6
70.1
230
0.28
0.50
0.014
0.75

4297
 
26.5
260.0
233.5
766
0.74
0.49
0.019
1.07

4297
Incl.
26.5
132.0
105.5
346
1.06
0.56
0.021
1.35

4298
Hole Abandoned, Not Sampled

4299
 
23.2
45.1
22.0
72
0.43
0.34
0.020
0.73

4299
 
75.9
274.6
198.7
652
0.45
0.34
0.017
0.72

4300
 
303.4
719.9
416.5
1367
0.65
0.46
0.033
1.06

4300
Incl.
303.4
435.6
132.1
434
0.98
0.66
0.017
1.38

4300
Incl.
627.3
719.9
92.7
304
0.52
0.31
0.081
1.09

4301
 
306.3
371.9
65.5
215
1.00
0.73
0.016
1.46

4302
 
292.9
645.6
352.7
1157
0.55
0.43
0.020
0.90

4302
Incl.
292.9
411.2
118.3
388
0.67
0.52
0.020
1.05

4302
Incl.
466.0
591.0
125.0
410
0.58
0.41
0.025
0.91

4303
 
313.2
688.5
375.4
1232
0.50
0.47
0.027
0.94

4303
Incl.
313.2
399.0
85.8
282
0.87
0.75
0.018
1.41

4303
Incl.
645.9
688.5
42.7
140
0.55
0.35
0.042
0.94

4304
Anomalous results, 0.20% CuEQ over hole length of 715 feet.

4305
 
102.1
517.9
415.6
1364
0.27
0.30
0.022
0.59

4305
Incl.
102.1
120.7
18.6
61
1.38
0.60
0.012
1.55

4305
Incl.
150.1
240.5
90.2
296
0.42
0.36
0.022
0.75

4306
 
24.1
310.6
286.5
940
0.40
0.47
0.022
0.85

4306
Incl.
27.1
158.2
131.1
430
0.51
0.54
0.022
0.99

4307
 
9.1
277.4
268.2
880
0.42
0.33
0.030
0.76

4307
Incl.
9.1
70.1
61.0
200
0.88
0.52
0.022
1.21

4308
 
51.5
237.4
185.9
610
0.19
0.17
0.013
0.36

4308
Incl.
185.6
237.4
51.8
170
0.22
0.20
0.018
0.44

4309
 
15.2
127.7
112.5
369
0.44
0.25
0.019
0.64

4309
Incl.
15.2
54.6
39.3
129
0.74
0.36
0.026
0.98

4309
 
127.7
450.8
323.1
1060
0.34
0.34
0.024
0.70

1 Copper equivalent calculations use metal prices of US$0.80/lb for copper, US$350/oz for gold and US$4.50/lb for molybdenum. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum will depend upon the completion of definitive metallurgical testing.
CuEQ = Cu % + (Au g/t x 11.25/17.64) + (Mo % x 99.23/17.64)