Drilling at Pebble Continues to Expand High-Grade East Zone

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 January 9, 2006
 

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: January 9, 2006
 
Print the name and title of the signing officer under his signature.
 
-------------------

Northern Dynasty Minerals Ltd.
1020 - 800 W Pender St.
Vancouver BC
Canada V6C 2V6
Tel 604 684-6365
Fax 604 684-8092
Toll Free 1 800 667-2114
www.northerndynasty.com
 


Drilling at Pebble Continues To Expand
High-Grade East Zone Porphyry Discovery
 
Initial Resource Estimate of East Zone in Progress
 
Assessment of Potential Significant Benefits of East Zone
and Feasibility Study and Permitting Timing

January 9, 2006, Vancouver, BC - Ronald W. Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (TSXV:NDM; AMEX:NAK) announces assay results for core Holes 5334 through 5337, recently completed in the newly identified East Zone porphyry copper-gold-molybdenum system which adjoins the Pebble deposit on the east. Drilling continues to expand this major new discovery. Highlights include:
 
- Hole 5334 intersected 915 feet grading 1.38% copper equivalent (CuEQ1) comprising 0.62% Cu, 1.06 g/t Au, 0.023% Mo. Included in this intersection is a 330 foot interval grading 1.82% CuEQ (0.64% Cu, 1.81 g/t Au, 0.019% Mo).
- Hole 5335 intersected 2478 feet grading 1.21% CuEQ comprising 0.81% Cu, 0.44 g/t Au, 0.023% Mo.
- Hole 5336 intersected 2584 feet grading 1.13% CuEQ (0.67% Cu, 0.23 g/t Au, 0.055% Mo). Included in this intersection is a 646 foot interval grading 1.42% CuEQ (0.85% Cu, 0.33 g/t Au, 0.052% Mo).
- Hole 5337 intersected 2028 feet grading 1.28% CuEQ (0.83% Cu, 0.34 g/t Au, 0.041% Mo). Included in this intercept is a 758 foot interval grading 1.70% CuEQ (1.25% Cu, 0.37 g/t Au, and 0.038% Mo).
 
Results from Holes 5334 through 5337 (4 holes), combined with drill hole results announced on September 21 (8 holes), October 20 (2 holes), and November 1, 2005 (1 hole), indicate the new porphyry system hosts a substantial volume of mineralized material with excellent copper, gold and molybdenum grades. A tabulation of assay results from all 2005 East Zone discovery holes is attached to this news release. The area influenced by these widely-spaced drill holes measures about 4000 feet by 4000 feet. Drill intercepts have a vertical dimension of about 2000 feet on average and most holes stopped in mineralization due to depth limitations of the drills. The East Zone deposit is open to expansion to depth and in all lateral directions. A Location Plan Map and Cross Sections are posted on Northern Dynasty's website at www.northerndynasty.com.
 
All results from the 2005 drilling program have now been announced. The bid process for a contract for follow-up drilling is complete. A four-rig, deep drilling program to fully delineate this exciting new discovery has been contracted to start in March 2006. An initial resource estimate for the East Zone is also underway, for release early in 2006.
 
Hole 5334 was drilled on an azimuth of 090 degrees at a dip of 75 degrees and entered the mineralized system at a vertical depth of 2645 feet below surface. Holes 5335, 5336 and 5337 were drilled vertically and entered the mineralized body 1690, 1645, and 1550 feet, respectively, below surface. Detailed results for the four new holes are listed below.

 
NEW EAST ZONE ASSAY RESULTS

Drill Hole

From

To

Intercept

Cu

Au2

Mo

CuEQ1

Number

feet

feet

feet

%

g/t

%

%

5334

 

2706

3766

1060

0.58

0.95

0.022

1.26

5334

Incl.

2755

3670

915

0.62

1.06

0.023

1.38

5334

and

3078

3408

330

0.64

1.81

0.019

1.82

5335

 

1690

4168

2478

0.81

0.44

0.023

1.21

5335

Incl.

1690

3436

1746

0.97

0.42

0.023

1.35

5335

and

1698

2548

850

1.09

0.44

0.022

1.48

5336

 

1645

4228

2584

0.67

0.23

0.055

1.13

5336

Incl.

1645

1794

150

1.16

0.71

0.059

1.92

5336

Incl.

1862

2508

646

0.85

0.33

0.063

1.42

5336

Incl.

3178

3878

700

0.81

0.27

0.052

1.28

5337

 

1650

3678

2028

0.83

0.34

0.041

1.28

5337

Incl.

1650

2838

1188

1.10

0.48

0.036

1.60

5337

and

1650

2408

758

1.26

0.37

0.038

1.70

Note 1 Copper equivalent calculations use metal prices of US$1.00/lb for copper, US$400/oz for gold, and US$6.00/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 12.86/22.05) + (Mo% x 132.28/22.05)
Note 2 Au values > 5.0 g/t capped at 5.0 g/t
 

During 2005, significant progress was achieved by Northern Dynasty on its comprehensive C$44.7 million drilling, engineering and nvironmental/socio-economic programs. Objectives for 2005 included the preparation of a feasibility study by year end and preparation of applications for project permitting by state and federal agencies, for submittal in mid-2006. However, plans are currently being revised to incorporate this recently discovered substantial high-grade porphyry deposit adjoining the Pebble deposit on the east. Until the new deposit is extensively drilled and delineated, it is premature to finalize the feasibility study or to prepare permit applications. The Company's current goal is to optimize the project design with regard to mineral resources as well as social, environmental, and economic factors. Accordingly, the completion of the feasibility study and environmental applications has been deferred until the results of the East Zone drilling are integrated into the overall Pebble Project plan, in order to assess the impact of this new zone.
 
Mark Rebagliati, P.Eng., is the Qualified Person for the exploration and drilling programs for the Pebble Project and is supervising the quality control and quality assurance programs. Core logging and sampling are completed in Northern Dynasty's secure facility at Iliamna, Alaska. The NQ-size core is sawn 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.
 
For further details on Northern Dynasty and the Pebble Project please visit the Company's website at www.northerndynasty.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114. Review Northern Dynasty's Canadian public filings at www.sedar.com and US public filings at www.sec.gov.

Comments on Forward Looking Information, Estimates and other Cautionary Factors

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
 
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, especially those that address estimated resource quantities, grades and contained metals, are forward-looking statements because they are generally made on the basis of estimation and extrapolation from a limited number of drill holes and metallurgical studies. Although diamond drill hole core provides valuable information about the size, shape and geology of an exploration project, there will always remain a significant degree of uncertainty in connection with these valuation factors until a deposit has been extensively drilled on closely spaced centers which has occurred only in specific areas on the Pebble Project. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Company's future performance. Subsequent results and developments may differ materially from those postulated in the estimates and forward-looking statements. Other factors that could cause the Company's actual results and performance to differ materially from those in forward-looking statements include adverse market prices for metals, the conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of resources, mining rates and metal recovery rates and the fact that necessary capital may not be available to the Company on terms acceptable to it or at all. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is subject to the specific risks inherent in the mining business as well as general economic and business conditions. 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.

Information about CuEQ

Copper equivalency or "CuEQ" is a manner of expressing poly-metallic deposits as a grade of the principal mineralization (by value). As used herein, gold and molybdenum values have been expressed as part of the copper grade. CuEQ as calculated herein is based on assumed metal prices of US$1.00/lb for copper, US$400/oz for gold, and US$6.00/lb for molybdenum. Copper equivalent has not been adjusted for metallurgical recoveries. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum depend upon the completion of definitive metallurgical testing. Significant shifts in the relative values of these metals can significantly change the CuEQ. CuEQ is provided for illustrative purposes only.

 
NORTHERN DYNASTY MINERALS LTD.
PEBBLE PROJECT
TABLE OF EAST ZONE ASSAY RESULTS  


 
Drill Hole

Vertical Depth to Cretaceous

Hole
Dip

Hole
Direction


 
From

 
To

 
Intercept

 
Cu

 
Au2

 
Mo

 
CuEQ1

number

feet

Degrees

degrees


feet

feet

feet

%

g/t

%

%

5311

1060

-90

0

 

1068

1378

310

0.37

0.32

0.015

0.64

5311

 

 

 

 

1618

2188

570

0.46

0.41

0.019

0.81

5316

1958+

-90

0

Hole Lost in Tertiary Rocks - No Assays

5318

574

-90

0

 

574

2078

1504

0.40

0.41

0.030

0.82

5318

 

 

 

Incl.

708

1218

510

0.59

0.62

0.026

1.10

5321

730

-65

92

 

804

1868

1065

0.42

0.47

0.019

0.81

5321

 

 

 

Incl.

804

1123

320

0.58

0.66

0.023

1.10

5324

1300

-60

109

 

1937

4017

2080

0.54

0.26

0.026

0.85

5324

 

 

 

Incl.

2447

4017

1570

0.59

0.30

0.031

0.95

5324

 

 

 

and

2717

3847

1130

0.65

0.38

0.033

1.06

5324

 

 

 

and

3017

3847

830

0.66

0.43

0.039

1.14

5325

780

-65

90

 

872

1528

656

0.37

0.55

0.009

0.74

5325

 

 

 

Incl.

1158

1378

220

0.44

0.67

0.009

0.89

5326

1760

-65

125

 

2003

4258

2255

0.45

0.50

0.030

0.92

5326

 

 

 

Incl.

2008

3008

1000

0.64

0.83

0.029

1.30

5326

 

 

 

and

2008

2348

340

0.77

1.07

0.039

1.63

5326

 

 

 

and

2488

2998

510

0.61

0.81

0.021

1.21

5327

1500

-65

90

 

1719

4338

2619

0.87

0.70

0.028

1.45

5327

 

 

 

Incl.

1732

2337

605

0.90

1.06

0.013

1.60

5327

 

 

 

Incl.

2457

3977

1520

0.95

0.70

0.034

1.56

5327

 

 

 

and

2897

3187

290

1.08

1.30

0.029

2.00

5330

1530

-60

60

 

1869

4211

2342

0.99

0.26

0.036

1.36

5330

 

 

 

Incl.

1869

2815

946

1.37

0.15

0.031

1.64

5330

 

 

 

and

1869

2235

366

1.70

0.11

0.028

1.93

5330

 

 

 

Incl.

4005

4211

206

1.12

0.22

0.054

1.57

5331

1275

-60

90

 

1521

3946

2425

0.55

0.28

0.040

0.95

5331

 

 

 

Incl.

1521

1638

117

0.74

0.39

0.036

1.18

5331

 

 

 

Incl.

2191

2358

167

0.73

0.43

0.029

1.16

5331

 

 

 

and

3468

3946

478

0.74

0.39

0.042

1.22

5332

1595

-60

90

 

1839

4206

2367

0.89

0.33

0.055

1.41

5332

 

 

 

Incl.

1839

2656

817

1.28

0.28

0.050

1.74

5333

3650+

-60

90

Hole Lost in Tertiary Rocks - No Assays

5334

2560

-75

90

 

2706

3766

1060

0.58

0.95

0.022

1.26

5334

 

 

 

Incl.

2755

3670

915

0.62

1.06

0.023

1.38

5334

 

 

 

and

3078

3408

330

0.64

1.81

0.019

1.82

5335

1690

-90

0

 

1690

4168

2478

0.81

0.44

0.023

1.21

5335

 

 

 

Incl.

1690

3436

1746

0.97

0.42

0.023

1.35

5335

 

 

 

and

1698

2548

850

1.09

0.44

0.022

1.48

5336

1645

-90

0

 

1645

4228

2584

0.67

0.23

0.055

1.13

5336

 

 

 

Incl.

1645

1794

150

1.16

0.71

0.059

1.92

5336

 

 

 

Incl.

1862

2508

646

0.85

0.33

0.063

1.42

5336

 

 

 

Incl.

3178

3878

700

0.81

0.27

0.052

1.28

5337

1550

-90

0

 

1650

3678

2028

0.83

0.34

0.041

1.28

5337

 

 

 

Incl.

1650

2838

1188

1.10

0.48

0.036

1.60

5337

 

 

 

and

1650

2408

758

1.26

0.37

0.038

1.70

Note 1 Copper equivalent calculations use metal prices of US$1.00/lb for copper, US$400/oz for gold and US$6.00/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 12.86/22.05) + (Mo % x 132.28/22.05)
Note 2 Au values > 5.0 g/t capped at 5.0 g/t