Donlin Gold 2020 Q4 Drilling Program Assay Results Continue to Exceed Modeled Projections While Partners Deliver a Safe and Covid-Free Year

2021-01-19 / @nasdaq

 

ANCHORAGE, Alaska, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Donlin Gold LLC (“Donlin Gold”), owned 50/50 by Barrick Gold Corporation (“Barrick”) (TSX: ABX) (NYSE: GOLD) and NOVAGOLD RESOURCES INC. (“NOVAGOLD”) (TSX, NYSE American: NG), is pleased to announce the third set of assay results from the successful 2020 85-hole, 23,400-meter drill program.

  • Assay results for 67 holes have been received to date (representing approximately 16,680 meters or 71% of the length drilled), of which 25 holes (representing 30% of the length drilled) were announced on August 6 and October 26, 2020:
    • Assay results continue to demonstrate higher drilled grade-thickness than predicted by previous modelling
    • Data collected has resulted in an improved understanding of the controls on mineralization
    • Remaining assay results from the 2020 program are expected in the first quarter of 2021
  • Additional confirmation and extension drilling planned for 2021
  • No Covid-19 cases and zero Lost Time Injuries on site in 2020
  • Ongoing community support, providing timely responses for needs arising from the Covid-19 pandemic

Objectives of the 2020 Drill Program and Results to Date

The primary objective of the 2020 drill program, the largest such campaign at Donlin Gold since 2008, has been to validate and increase the confidence in recent geologic modeling concepts.

Results to date, in both the ACMA and Lewis deposit areas, continue to exceed modeled grade-thickness, with higher grades observed over narrower intervals, particularly in sedimentary rocks. Final assay results for the 2020 drill program are expected to be reported in the first quarter of 2021.

Additional confirmation and extension drilling are planned in 2021 focusing on mineralization continuity, structural control, resource model upgrades, and geotechnical data collection. The program specifics will be finalized once all assay results have been received and integrated into an interim model update.

  • Five of the top intervals received since the October 26, 2020 media release include: 
    • DC20-1937 intersected 103.88 m grading 6.1 g/t gold, starting at 390.19 m drilled depth, including a sub interval of 22.15 m grading 12.5 g/t, starting at 459.17 m drilled depth;
    • DC20-1903 intersected 8.14 m grading 45.3 g/t gold, starting at 99.39 m drilled depth, including a sub interval of 6.84 m grading 52.1 g/t gold, starting at 99.39 m drilled depth; 
    • DC20-1912 intersected 37.30 m grading 7.0 g/t gold, starting at 249.70 m drilled depth, including a sub interval of 3.30 m grading 24.5 g/t gold, starting at 251.70 m drilled depth;
    • DC20-1930 intersected 39.15 m grading 4.3 g/t gold, starting at 148.85 m drilled depth, including a sub interval of 5.60 m grading 12.5 g/t gold, starting at 182.40 m drilled depth; and
    • DC20-1895 intersected 23.80 m grading 6.5 g/t gold, starting at 218.28 m drilled depth, including a sub interval of 7.12 m grading 12.7 g/t gold, starting at 220.28 m drilled depth.
  • Drill hole collar locations and five of the top intervals since October 26, 2020 are shown in Figure 1
  • Drill hole orientations and depths and significant intervals are shown in Tables 1 and 2, respectively, in the Appendix at the end of this release

Statements by the Owners

With more than 70% of drill assays now reported, the results of the 2020 drill program continue to advance Donlin Gold up the value chain. 

“Assay results received to date are encouraging and support the drill program to better understand the Donlin Gold orebody and de-risk the project development. The ongoing modelling work and planned 2021 follow-up drilling program could further enhance the project parameters,” said Mark Bristow, President and CEO of Barrick. “Well done to the Donlin team for delivering a safe and Covid-free year,” Bristow added.

Greg Lang, NOVAGOLD’s President and CEO, said, “In an era characterized by declining gold grades, it is truly rewarding to continue to be able to report drill results that support the potential of Donlin Gold, already an impressive asset in terms of size and grade for a large-scale open-pit gold project. Indeed, the latest assay results continue to point to additional high-grade gold intersections that have only served to add confidence in recent geologic modeling concepts, while confirming multiple high-grade extensions in both the intrusive (igneous) and sedimentary rocks.”

Mr. Lang added, “We are proud to be bringing a federally permitted project up the value chain in one of the world’s most desirable jurisdictions where socially and environmentally responsible mining projects are welcome – the great State of Alaska. I would like to extend my gratitude to the Donlin Gold and contractor teams as well as our Alaska Native Corporation Partners, Calista Corporation (“Calista”) and The Kuskokwim Corporation (TKC) for their reinforcement of our unwavering commitment to the highest standards of safety, social responsibility and environmental stewardship, despite the challenges posed by Covid-19.”

Covid-19 Response & Community Engagement Update

In 2020, 80% of Donlin Gold direct hires for the drill program were Alaska Natives. Extensive communication and the application of health and safety protocols resulted in zero Covid-19 cases on site during the year. There were also no lost-time injuries; a testament to the team’s focus on operating safely and effectively. Enhanced Covid-19 health protocols will remain in place at Donlin Gold, with the objective of protecting the health of Donlin Gold’s employees, contractors, along with their families and home communities.

Donlin Gold has worked with its Alaska Native partners Calista, TKC and other key representatives of the communities in the region, responding to needs arising from the Covid-19 pandemic, as well as in other areas such as environmental management, training and education, and cultural initiatives in the Yukon-Kuskokwim region as featured below:

  • Covid-19 – Established a partnership with Bethel Community Services Foundation to support the Y-K Resiliency Fund and Covenant House Alaska for homeless and at-risk youth services in Bethel. Supplies were provided to 766 families and meals served to 3,700 participants in the Elders and Youth program.
  • Environmental - Worked with TKC, the State of Alaska and Alaska Native Tribal Health Consortium in an initiative to upgrade and improve health & safety standards of water and sewer services in Middle Kuskokwim area communities.
  • Training & Education – Hosted two virtual Alaska Resource Education camps for Y-K and Doyon students, and Donlin Gold Scholarships were awarded to students selected by Calista and TKC to improve access to education in the region. Calista has awarded a total of 225 scholarships, with 158 students attending schools in Alaska and the balance having gone to schools out of state, with more than 10 villages in the Y-K region represented.
  • Cultural Initiatives – Strengthened sponsorship of the First Alaskans Institute at the Elders & Youth 2020 statewide conference, the Alaska Federation of Natives (AFN) annual convention, and provided distanced activities and programs for youth and Elders.

As part of Donlin Gold’s ongoing community engagement efforts, Friendship Agreements were approved and signed by five communities (Crooked Creek, Sleetmute, Nikolai, Akiak and Napaskiak) in the project’s region in 2020. These agreements with Donlin Gold expand upon the long-term relationships already established with these communities and address specific community needs such as water, sewer, and landfill projects; the ice road that connects remote villages in the Y-K region; salmon studies; and suicide prevention programs.

Donlin Gold is a committed partner to the Alaska Native Communities both surrounding the project and within the State as a whole. This commitment underpins our approach and is also reflected in the way in which the asset itself is structured. An important factor that distinguishes Donlin Gold from most other mining assets in Alaska is that the project is located on private land designated for mining activities four decades ago. Donlin Gold has entered into life-of-mine agreements with Calista, which owns the subsurface mineral rights, and TKC, a collection of 10 village corporations, which owns the surface land rights, and is committed to providing employment opportunities, scholarships, and preferential contract considerations. These agreements include a revenue-sharing structure, established by the Alaska Native Claims Settlement Act (ANSCA) of 1971, which resolved Alaska Native land claims, allotting 44 million acres for land use to Alaska Native Corporations. Additionally, our long-term commitment to economic development is exemplified by Donlin Gold’s support of TKC’s initiative to launch middle Kuskokwim energy and infrastructure projects. These partnerships, activities, and programs are illustrative of our commitment to the sustainable and responsible development of the Donlin Gold project for the benefit of all stakeholders.

About Donlin Gold

Donlin Gold LLC is an Alaska-based company owned equally by Barrick Gold U.S. Inc. and NovaGold Resources Alaska, Inc., which are wholly owned subsidiaries of Barrick and NOVAGOLD, respectively.

Donlin Gold is located in Alaska, the second largest gold-producing state in the U.S. With approximately 39 million ounces of gold grading 2.24 grams per tonne in the measured and indicated resource categories (100 percent basis)1, Donlin Gold hosts one of the largest and highest-grade undeveloped open-pit gold endowments in the world. The planned pits in which the existing resources are sited occupy only three kilometers of an eight-kilometer mineralized belt, which itself is located on less than 5% of Donlin Gold’s land position. Current activities at Donlin Gold are focused on the drill program, optimization efforts, and community outreach.

FIGURE 1 Drill Hole Collar Locations

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/29faa507-44a1-4ead-bf57-0d534d493951

Depicted grid system is based on NAD83 UTM zone 4N coordinates.

The owners provided previous updates on assay results in the August 6, 2020 media release “Donlin Gold Project Provides Update on Recent Drilling and Ongoing Community Support in Alaska Amid Covid-19 Pandemic” and the October 26, 2020 media release “Donlin Gold 2020 Q3 Update: Drilling Continues to Yield High Grade Intercepts and Improve Geological Modeling”. These previously disclosed results are referenced in Table 2 and marked with their disclosure date. 

QA/QC Procedures

The QA/QC procedures for the 2020 Donlin Gold drill program and sampling protocol were developed and managed by Donlin Gold LLC and overseen by Barrick and NOVAGOLD. The chain of custody from the drill site to the sample preparation facility was continuously monitored. All samples are HQ-diameter core. Approximately 93% core recovery has been achieved to date. Core was logged, cut, and sampled at site by Donlin Gold employees. Samples were primarily collected on two-meter lengths, with a minimum length of 0.3 meters and maximum length of approximately 3.5 meters. Sampled half-core was crushed and pulverized in ALS Limited’s Fairbanks, Alaska; Whitehorse, Yukon; or Vancouver, British Columbia sample preparation facilities. Pulp samples were sent to the ALS labs in Vancouver, British Columbia; Lima, Peru; or Reno, Nevada for gold assays and to labs in Vancouver, British Columbia or Lima, Peru for multi-element analysis. At least 14 quality control samples (four standards, four coarse blanks, two pulp blanks, two coarse duplicates, and two pulp duplicates) were inserted into each batch of 80 samples. The review of the quality control samples did not indicate any bias or error. There are no known factors that would materially affect the accuracy or reliability of the drill program data referred to in this media release.

Downhole directional surveys were completed on all reported completed holes by both Boart Longyear drill operators and on 96% of reported completed holes by DGI Geoscience Inc. technicians, and collar surveys were completed on all holes by Professional Licensed Surveyors from either Rowland Engineering Consultants or Brice Engineering LLC.

Each of ALS Limited, Boart Longyear, DGI Geoscience Inc., Rowland Engineering Consultants, and Brice Engineering LLC are independent of Donlin Gold, Barrick, and NOVAGOLD.

Scientific and Technical Information

Certain scientific and technical information contained herein with respect to the Donlin Gold project is derived from the “Donlin Creek Gold Project Alaska, USA NI 43-101 Technical Report on Second Updated Feasibility Study” prepared by AMEC with an effective date of November 18, 2011, as amended January 20, 2012 (the “Second Updated Feasibility Study”). Kirk Hanson, P.E., Technical Director, Open Pit Mining, North America, (AMEC, Reno), and Gordon Seibel, R.M. SME, Principal Geologist, (AMEC, Reno) are the Qualified Persons responsible for the preparation of the independent technical report, each of whom are independent “qualified persons” as defined by NI 43-101.

Clifford Krall, P.E., who is the Mine Engineering Manager for NOVAGOLD and a “qualified person” under NI 43101, has approved and verified the scientific and technical information related to the 2020 Donlin Gold drill program contained in this media release. To verify the information related to the drilling program, he has visited the project site twice during the 2020 field season; discussed and observed logging, sampling, and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations.

Octavia Bath, APEGBC Registered Member, who is a Barrick Project Manager and a “qualified person” under NI 43101 has reviewed and approved the assay results for the Donlin Gold project contained in this media release.

Barrick Contacts:
Kathy du Plessis
Investor and Media Relations
+44 20 7557 7738
Email: barrick@dpapr.com

Catherine Raw
COO, North America
Tel: +1 416-307-5157
www.barrick.com

NOVAGOLD Contacts:

Mélanie Hennessey
Vice President, Corporate Communications

Jason Mercier
Manager, Investor Relations

Tel: +1 604-669-6227 or 1-866-669-6227
www.novagold.com

Cautionary Note Regarding Forward-Looking Statements

This media release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, “would” or “should” occur or be achieved. Forward-looking statements are necessarily based on several opinions, estimates and assumptions that management of Barrick and NOVAGOLD considered appropriate and reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements. These forward-looking statements include statements regarding anticipated benefits from the 2020 drill program including an improved geological model for Donlin Gold; ongoing support provided to key stakeholders including Native Corporation partners; the potential impact of the Covid-19 pandemic on the development of Donlin Gold; the potential development and construction of Donlin Gold; the sufficiency of funds to continue to advance development of Donlin Gold; the timing of the remaining assay results; perceived merit of properties; mineral reserve and resource estimates; and future share price performance of Barrick and NOVAGOLD. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are not historical facts but instead represent Barrick’s and NOVAGOLD’s management expectations, estimates and projections regarding future events or circumstances on the date the statements are made.

Important factors that could cause actual results to differ materially from expectations include the need to obtain additional permits and governmental approvals; the timing and likelihood of permits including the right-of-way lease offer for the project’s buried natural gas pipeline; the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; the outbreak of the coronavirus global pandemic (Covid-19); uncertainties involved in the interpretation of drill results and geological tests and the estimation of reserves and resources; changes in mineral production performance, exploitation and exploration successes; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States or Canada; the need for continued cooperation between Barrick and NOVAGOLD for the continued exploration, and development and eventual construction of the Donlin Gold property; the need for cooperation of government agencies and native groups in the development and operation of properties; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, disease pandemics, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, which could include significant increases in estimated capital and operating costs; fluctuations in metal prices and currency exchange rates; whether a positive construction decision will be made regarding Donlin Gold; and other risks and uncertainties disclosed in Barrick’s most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities and NOVAGOLD’s most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports and other documents filed by Barrick and NOVAGOLD with applicable securities regulatory authorities from time to time. Copies of these filings may be obtained by visiting Barrick’s and NOVAGOLD’s Investor Relations website at www.barrick.com and www.novagold.com, respectively, or the SEC's website at www.sec.gov or at www.sedar.com. The forward-looking statements contained herein reflect the beliefs, opinions and projections of Barrick and NOVAGOLD on the date the statements are made. Barrick and NOVAGOLD assume no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Cautionary Note to United States Investors

NOVAGOLD cautions that this media release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this media release have been prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)—CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (“CIM Definition Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (SEC) Industry Guide 7 (“SEC Industry Guide 7”), and resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. NOVAGOLD’s disclosure concerning Reserve & Resources Estimates remains consistent with NI 43-101. Under SEC Industry Guide 7, mineralization may not be classified as a "reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. SEC Industry Guide 7 normally does not permit the inclusion of information concerning "measured mineral resources”, "indicated mineral resources” or "inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves” under SEC Industry Guide 7 in documents filed with the SEC. Investors should also understand that "inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimated "inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of "contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves” under SEC Industry Guide 7 as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves” are also not the same as those of SEC Industry Guide 7, and reserves reported by NOVAGOLD in compliance with NI 43-101 may not qualify as "reserves” under SEC Industry Guide 7. Donlin Gold does not have known reserves, as defined under SEC Industry Guide 7. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with SEC Industry Guide 7.

On October 31, 2018, the SEC adopted a final rule (“New Final Rule”) that will replace SEC Industry Guide 7 with new disclosure requirements that are more closely aligned with current industry and global regulatory practices and standards, including NI 43-101. Companies must comply with the New Final Rule for the Company’s first fiscal year beginning on or after January 1, 2021, which for NOVAGOLD would be the fiscal year beginning December 1, 2021. The New Final Rule provides that SEC Industry Guide 7 will remain effective until all registrants are required to comply with the New Final Rule, at which time SEC Industry Guide 7 will be rescinded. While early voluntary compliance with the New Final Rule is permitted, NOVAGOLD has not elected to comply with the New Final Rule at this time.

APPENDIX

TABLE 1
Drill Hole Orientations* and Depths

HoleAzimuth (°)Inclination (°)Depth (m)
DC20-186523779227.0
DC20-18664567302.7
DC20-18672873217.5
DC20-186835867247.2
DC20-186933072175.9
DC20-187030771249.9
DC20-187130363458.4
DC20-187231253632.8
DC20-187325049274.9
DC20-187430076253.0
DC20-187530453218.5
DC20-187628869235.0
DC20-187730373249.9
DC20-187830455459.9
DC20-187930258231.0
DC20-188030071249.9
DC20-188130152256.0
DC20-188232756524.9
DC20-188330854266.4
DC20-188430672251.8
DC20-188527863296.6
DC20-188630456255.4
DC20-188730560255.4
DC20-188831272266.5
DC20-188932856406.6
DC20-1890abandoned before completion, re-drilled as 1891
DC20-189133155377.3
DC20-189218463300.2
DC20-189331275260.9
DC20-189423067620.6
DC20-189532953362.1
DC20-1896abandoned before completion, re-drilled as 1898
DC20-189732559335.0
DC20-189830277250.9
DC20-189935863201.0
DC20-190030271235.0
DC20-190130665464.8
DC20-190228761176.2
DC20-190325964150.7
DC20-1904069200.0
DC20-190529058212.5
DC20-190618177347.8
DC20-190730563431.6
DC20-190830560351.4
DC20-1909575239.3
DC20-191028851235.0
DC20-1911178150.3
DC20-191230265474.3
DC20-191329663224.9
DC20-191429066200.3
DC20-191530967325.5
DC20-191629569218.2
DC20-19175065175.3
DC20-191830567252.4
DC20-191927257249.0
DC20-192031349253.3
DC20-192123554607.2
DC20-192231868254.5
DC20-192330169211.5
DC20-192429763228.0
DC20-192529054210.0
DC20-192629170150.3
DC20-192729668299.9
DC20-192829965226.2
DC20-192928958214.9
DC20-193020864233.2
DC20-193129565152.7
DC20-193228956175.3
DC20-193329559200.0
DC20-193428954250.2
DC20-193528269150.0
DC20-1936168231.0
DC20-193725668531.9
DC20-193830767150.0
DC20-193917179151.8
DC20-194029262200.0
DC20-194110485175.0
DC20-194227360175.3
DC20-194332678215.5
DC20-194427961320.0
DC20-194530577283.8
DC20-19461752263.0
DC20-194730476240.2
DC20-194830659305.1
DC20-194932656303.6
DC20-195032559334.1
DC20-1951673178.8

* Note that azimuth and inclination values vary as each hole progresses. The stated values are hole averages, rounded to the nearest degree.

TABLE 2
2020 Donlin Gold Significant Assay Intervals

Hole IDAreaFrom
(Meters)		To
(Meters)		Length
(Meters)		Au Grade (g/t) 
DC20-1865ACMA136.75149.1612.414.91Reported 8/6
DC20-1865 155.50174.2118.712.03Reported 8/6
DC20-1865 200.22213.5713.352.97Reported 8/6
DC20-1865 TOTAL  44.47 3.12  
DC20-1866ACMA14.0017.823.823.48Reported 8/6
DC20-1866 35.3981.3045.915.03Reported 8/6
including  63.35 75.30 11.95 10.44 Reported 8/6
DC20-1866 98.25103.425.177.01Reported 8/6
DC20-1866 108.30131.6623.364.15Reported 8/6
DC20-1866 208.44221.6113.174.69Reported 8/6
DC20-1866 226.53256.8130.284.20Reported 8/6
DC20-1866 266.00276.7610.764.72Reported 8/6
DC20-1866 281.33285.574.241.83Reported 8/6
DC20-1866 291.00296.865.865.61Reported 8/6
DC20-1866 TOTAL 142.57 4.61  
DC20-1867ACMA23.2028.044.847.37Reported 8/6
DC20-1867 66.1470.744.605.90Reported 8/6
DC20-1867 92.68104.0011.326.17Reported 8/6
DC20-1867 TOTAL  20.76 6.39  
DC20-1868ACMA115.51125.7410.234.13Reported 8/6
DC20-1868 243.48247.193.711.92Reported 8/6
DC20-1868 TOTAL  13.94 3.54  
DC20-1869ACMA10.8016.155.353.22Reported 8/6
DC20-1869 33.3043.3010.002.68Reported 8/6
DC20-1869 49.3058.839.533.86Reported 8/6
DC20-1869 128.19137.609.413.08Reported 8/6
DC20-1869 TOTAL  34.29 3.20  
DC20-1870ACMA156.66164.607.944.24Reported 8/6
DC20-1870 173.10180.807.707.53Reported 8/6
DC20-1870 TOTAL  15.64 5.86  
DC20-1871ACMA12.8020.808.004.01Reported 8/6
DC20-1871 30.3572.2641.9111.61Reported 8/6
including  38.24 42.24 4.00 17.00 Reported 8/6
including  55.78 62.26 6.48 38.77 Reported 8/6
DC20-1871 341.67347.445.771.00Reported 8/6
DC20-1871 425.97435.719.741.60Reported 10/26
DC20-1871 TOTAL  65.42 8.25  
DC20-1872Lewis47.3073.4626.163.40Reported 10/26
DC20-1872 82.8086.603.804.74Reported 10/26
DC20-1872 163.82167.703.884.39Reported 8/6
DC20-1872 290.62294.583.963.17Reported 8/6
DC20-1872 544.34555.0010.661.80Reported 10/26
DC20-1872 603.23609.236.002.33Reported 10/26
DC20-1872 TOTAL  54.46 3.11  
DC20-1873Lewis42.9053.7410.844.36Reported 8/6
DC20-1873 60.8868.547.6618.40Reported 8/6
including  63.16 68.54 5.38 25.26 Reported 8/6
DC20-1873 TOTAL  18.50 10.17  
DC20-1874ACMA159.39169.5910.207.24Reported 10/26
DC20-1874 174.65177.973.323.51Reported 10/26
DC20-1874 236.83239.883.055.52Reported 10/26
DC20-1874 TOTAL 16.576.18 
DC20-1875Lewis18.7522.643.891.50Reported 10/26
DC20-1875 43.1747.093.921.95Reported 10/26
DC20-1875 100.06105.685.626.09Reported 10/26
DC20-1875 TOTAL 13.433.55 
DC20-1876ACMA5.6218.3512.735.35Reported 10/26
DC20-1876 TOTAL 12.735.35 
DC20-1877ACMA123.48127.654.1780.58Reported 10/26
including  124.50 127.653.15106.24Reported 10/26
DC20-1877 TOTAL 4.1780.58 
DC20-1878Lewis27.4734.056.582.83Reported 10/26
DC20-1878 48.8668.6319.7711.34Reported 10/26
including  54.86 61.86 7.00 25.24 Reported 10/26
DC20-1878 74.6379.745.1115.79Reported 10/26
including  74.63 77.74 3.11 21.10 Reported 10/26
DC20-1878 96.92105.708.781.23Reported 10/26
DC20-1878 120.32124.313.991.83Reported 10/26
DC20-1878 132.14135.943.801.21Reported 10/26
DC20-1878 140.90154.7013.803.10Reported 10/26
DC20-1878 175.34186.7011.362.00Reported 10/26
DC20-1878 198.40240.7042.302.03Reported 10/26
DC20-1878 244.75247.923.174.27Reported 10/26
DC20-1878 TOTAL 118.664.31 
DC20-1879Lewis62.3068.446.141.85Reported 10/26
DC20-1879 118.57149.2030.632.40Reported 10/26
DC20-1879 TOTAL 36.772.31 
DC20-1880ACMA40.7044.804.1010.67Reported 10/26
DC20-1880 136.30139.803.5010.23Reported 10/26
DC20-1880 TOTAL 7.6010.47 
DC20-1881ACMA50.7555.254.503.03Reported 10/26
DC20-1881 TOTAL 4.503.03 
DC20-1882ACMA5.009.004.004.52Reported 10/26
DC20-1882 15.0021.006.006.54Reported 10/26
DC20-1882 27.0043.0016.002.81Reported 10/26
DC20-1882 67.0071.004.001.51Reported 10/26
DC20-1882 113.11121.278.164.28Reported 10/26
DC20-1882 160.18167.557.372.11Reported 10/26
DC20-1882 200.80219.6318.831.75Reported 10/26
DC20-1882 233.97245.1511.184.73Reported 10/26
DC20-1882 251.03255.034.003.90Reported 10/26
DC20-1882 302.03328.5326.502.24Reported 10/26
DC20-1882 336.49349.5413.052.32Reported 10/26
DC20-1882 392.24402.039.792.99Reported 10/26
DC20-1882  TOTAL   128.88 2.94  
DC20-1883Lewis49.3862.0012.622.19Reported 10/26
DC20-1883 137.16157.4520.291.21Reported 10/26
DC20-1883 172.70178.976.272.54Reported 10/26
DC20-1883 214.50222.508.002.58Reported 10/26
DC20-1883 230.00234.004.009.12Reported 10/26
DC20-1883 258.50264.506.0015.45Reported 10/26
DC20-1883  TOTAL   57.18 3.81  
DC20-1884ACMA142.50152.259.755.07Reported 10/26
DC20-1884 163.25167.103.852.17Reported 10/26
DC20-1884  TOTAL   13.60 4.25  
DC20-1885ACMA268.96274.755.7912.96Reported 10/26
including  268.96 272.87 3.91 16.11 Reported 10/26
DC20-1885  TOTAL   5.79 12.96  
DC20-1886Lewis43.7649.675.912.17Reported 10/26
DC20-1886 125.88139.8013.923.47Reported 10/26
DC20-1886 147.00151.004.003.95Reported 10/26
DC20-1886 158.78180.9022.124.65Reported 10/26
including  172.90 176.90 4.00 12.30 Reported 10/26
DC20-1886 196.80212.2015.403.37Reported 10/26
DC20-1886 218.20252.0833.886.52Reported 10/26
including  224.20 232.14 7.94 11.27 Reported 10/26
DC20-1886  TOTAL   95.23 4.75  
DC20-1887Lewis5.1010.505.401.78Reported 10/26
DC20-1887 132.00145.5013.504.32Reported 10/26
including  134.00 138.00 4.00 10.02 Reported 10/26
DC20-1887 150.45160.009.554.65Reported 10/26
DC20-1887 177.38185.007.621.65Reported 10/26
DC20-1887 212.50218.506.001.73Reported 10/26
DC20-1887  TOTAL   42.07 3.22  
DC20-1888ACMA178.58185.516.9343.12Reported 10/26
including  180.26 183.51 3.25 90.49 Reported 10/26
DC20-1888 191.45203.3311.881.77Reported 10/26
DC20-1888  TOTAL   18.81 17.00  
DC20-1889ACMA33.0043.0010.005.95 
including  35.00 39.00 4.00 11.15  
DC20-1889 56.0060.004.001.38 
DC20-1889 115.00120.005.0024.27 
including  115.50 118.50 3.00 32.77  
DC20-1889 176.00188.0012.002.77 
DC20-1889 205.50218.5013.002.68 
DC20-1889 281.00306.2025.202.13 
DC20-1889 348.00353.005.007.62 
DC20-1889  TOTAL   74.20 4.67  
DC20-1891ACMA8.0815.397.311.65Reported 10/26
DC20-1891 52.9976.3723.382.58Reported 10/26
DC20-1891 107.69121.7014.012.20Reported 10/26
DC20-1891 212.43222.399.961.66 
DC20-1891 228.35248.6320.283.32 
DC20-1891 262.48291.6629.183.10 
DC20-1891 331.37335.374.002.33 
DC20-1891  TOTAL   108.12 2.65  
DC20-1892ACMA52.5174.1921.682.39 
DC20-1892 92.1695.873.714.18 
DC20-1892 148.00156.008.004.12 
DC20-1892 184.96188.483.521.04 
DC20-1892 247.50257.469.961.75 
DC20-1892  TOTAL   46.87 2.59  
DC20-1893ACMA139.70143.704.001.35 
DC20-1893 223.80230.506.701.87 
DC20-1893 247.43253.806.371.62 
DC20-1893  TOTAL   17.07 1.65  
DC20-1894ACMA26.6032.606.003.84 
DC20-1894 132.40136.404.003.38 
DC20-1894 152.40158.406.003.68 
DC20-1894 244.20253.809.601.00 
DC20-1894 259.00263.004.009.22 
DC20-1894 274.50284.009.505.48 
DC20-1894 290.00294.004.003.83 
DC20-1894 345.00348.003.004.88 
DC20-1894 421.50429.508.002.08 
DC20-1894 508.00521.6313.634.45 
DC20-1894 558.93580.2721.343.65 
DC20-1894 586.06605.3319.272.31 
DC20-1894  TOTAL   108.34 3.57  
DC20-1895ACMA20.4326.405.974.13 
DC20-1895 218.28242.0823.806.54 
including  220.28 227.40 7.12 12.71  
DC20-1895 257.63267.009.371.62 
DC20-1895 286.85289.933.083.66 
DC20-1895  TOTAL   42.22 4.90  
DC20-1897ACMA17.7428.9511.212.20 
DC20-1897 145.10153.047.941.62 
DC20-1897 219.04225.046.002.69 
DC20-1897 243.58258.1214.544.79 
DC20-1897 287.70295.708.002.62 
DC20-1897 321.98325.973.998.81 
DC20-1897  TOTAL   51.68 3.47  
DC20-1898ACMA222.04231.939.894.11 
DC20-1898  TOTAL   9.89 4.11  
DC20-1899ACMA72.7388.8716.147.78 
including  72.73 76.70 3.97 13.91  
DC20-1899  TOTAL   16.14 7.78  
DC20-1900Lewis90.1294.003.882.83 
DC20-1900 107.20119.3012.102.37 
DC20-1900 140.20150.009.804.78 
DC20-1900 164.00184.0020.002.74 
DC20-1900 199.00209.0010.005.61 
DC20-1900  TOTAL   55.78 3.54  
DC20-1901Lewis73.6685.1511.491.16 
DC20-1901 218.78222.463.683.65 
DC20-1901 233.97237.503.533.43 
DC20-1901 302.16306.164.003.50 
DC20-1901 358.00390.0032.002.40 
DC20-1901  TOTAL   54.70 2.37  
DC20-1902Lewis18.0033.3015.301.23 
DC20-1902 96.00103.547.544.65 
DC20-1902 153.00159.276.271.79 
DC20-1902  TOTAL   29.11 2.24  
DC20-1903ACMA99.39107.538.1445.26 
including  99.39 106.23 6.84 52.14  
DC20-1903 112.79119.766.972.57 
DC20-1903  TOTAL   15.11 25.57  
DC20-1904ACMA61.7797.6535.883.71 
DC20-1904 103.54109.425.884.94 
DC20-1904  TOTAL   41.76 3.88  
DC20-1905Lewis41.6545.053.404.50 
DC20-1905 51.0067.0016.002.45 
DC20-1905 81.0089.008.001.39 
DC20-1905  TOTAL   27.40 2.40  
DC20-1906ACMA225.73237.9812.256.27 
DC20-1906  TOTAL   12.25 6.27  
DC20-1907Lewis248.54254.465.921.48 
DC20-1907 367.08385.9618.885.60 
including  368.95 372.75 3.80 16.09  
DC20-1907 395.45403.247.791.64 
DC20-1907 418.58428.459.873.27 
DC20-1907  TOTAL   42.46 3.76  
DC20-1908Lewis112.25122.2510.002.40 
DC20-1908  TOTAL   10.00 2.40  
DC20-1909ACMA74.2279.405.188.04 
DC20-1909 94.5098.403.903.17 
DC20-1909 135.50145.6010.102.31 
DC20-1909  TOTAL   19.18 4.03  
DC20-1910Lewis162.43166.434.006.54 
DC20-1910 184.23193.239.007.88 
DC20-1910 201.23209.238.007.28 
DC20-1910  TOTAL   21.00 7.40  
DC20-1911ACMA61.0083.0022.002.29 
DC20-1911 105.00113.008.002.68 
DC20-1911  TOTAL   30.00 2.40  
DC20-1912Lewis178.80198.8020.004.11 
DC20-1912 249.70287.0037.307.00 
including  251.70 255.00 3.30 24.55  
DC20-1912  TOTAL   57.30 5.99  
DC20-1913Lewis15.0019.004.004.87 
DC20-1913 118.53142.0023.471.87 
DC20-1913  TOTAL   27.47 2.31  
DC20-1914ACMA18.4428.4410.001.92 
DC20-1914 91.13104.0212.891.31 
DC20-1914 112.88116.884.001.05 
DC20-1914  TOTAL   26.89 1.49  
DC20-1915Lewis31.9037.555.651.08 
DC20-1915 228.10234.106.001.78 
DC20-1915 287.42302.7815.367.22 
including  298.78 302.78 4.00 21.03  
DC20-1915 316.76324.768.002.16 
DC20-1915  TOTAL   35.01 4.14  
DC20-1916Lewis19.9431.8811.944.87 
DC20-1916 49.9058.868.965.32 
DC20-1916 136.18148.1611.981.32 
DC20-1916 201.59211.589.991.57 
DC20-1916  TOTAL  42.87 3.20  
DC20-1917ACMA145.56155.359.791.41 
DC20-1917  TOTAL   9.79 1.41  
DC20-1920Lewis6.0310.674.644.10 
DC20-1920  TOTAL   4.64 4.10  
DC20-1921ACMA98.86103.985.122.11 
DC20-1921 109.98116.976.995.48 
DC20-1921 133.56142.679.111.69 
DC20-1921 165.67189.4023.732.64 
DC20-1921 206.23209.743.515.18 
DC20-1921 284.64292.988.344.99 
DC20-1921 297.12311.1614.043.27 
DC20-1921  TOTAL   70.84 3.29  
DC20-1923Lewis85.6091.555.951.68 
DC20-1923 128.00131.623.623.79 
DC20-1923  TOTAL   9.57 2.48  
DC20-1926Lewis21.9635.9614.004.36 
DC20-1926  TOTAL   14.00 4.36  
DC20-1930ACMA102.30110.308.002.62 
DC20-1930 119.50137.5018.003.14 
DC20-1930 148.85188.0039.154.28 
including  182.40 188.00 5.60 12.51  
DC20-1930  TOTAL   65.15 3.76  
DC20-1937ACMA335.36341.366.006.79 
DC20-1937 349.30365.6316.333.20 
DC20-1937 390.19494.07103.886.14 
including  459.17 481.32 22.15 12.55  
DC20-1937 500.10526.6326.532.40 
DC20-1937  TOTAL   152.74 5.20  
DC20-1944ACMA205.38209.003.625.45 
DC20-1944 227.00232.005.001.55 
DC20-1944 237.62249.2211.603.59 
DC20-1944 274.00277.553.558.49 
DC20-1944 286.17294.007.836.12 
DC20-1944  TOTAL   31.60 4.66 
DC20-1947ACMA73.8180.106.293.20 
DC20-1947  TOTAL  6.29 3.20 
DC20-1949ACMA28.8432.563.722.28 
DC20-1949 64.9370.445.513.30 
DC20-1949 96.01100.584.572.17 
DC20-1949 141.35156.7015.355.37 
DC20-1949  TOTAL   29.15 4.08  
DC20-1950ACMA161.50175.5014.002.63 
DC20-1950 180.80193.0512.253.14 
DC20-1950 230.30237.507.205.91 
DC20-1950 250.00262.5012.503.49 
DC20-1950 272.00277.385.382.24 
DC20-1950 295.15302.006.855.17 
DC20-1950 307.00314.507.504.84 
DC20-1950  TOTAL  65.68 3.73 
DC20-1951ACMA109.96123.8813.922.34 
DC20-1951  TOTAL  13.92 2.34 

Significant intervals represent drilled intervals and not necessarily true thickness of mineralization. Mineralized intervals meet or exceed 3 meters in length above 1 g/t. A maximum of 4 meters of continuous dilution (< 1 g/t) is permitted. Any drill intervals not depicted in this table did not meet the significant interval criteria.

Assay data are not yet available from 118.26m to 214.64m in DC20-1895, from 159.90m to 239.27m in DC20-1909, from 0.00m to 46.00m in DC20-1912, from 142.00m to 224.94m in DC20-1913, from 0.00m to 39.70m and 155.35m to 175.26m in DC20-1917, all of DC20-1918 and DC20-1919, from 131.30m to 253.29m in DC20-1920, from 0.00m to 93.26m and 311.16m to 607.16m in DC20-1921, from 56.25m to 254.51m in DC20-1922, from 0.00m to 69.28m and 190.30m to 211.53m in DC20-1923, all of DC20-1924 and DC20-1925, from 0.00m to 104.00m in DC20-1927, from 58.03m to 226.16m in DC20-1928, all of DC20-1929, from 0.00m to 64.00m and 188.00m to 233.17m in DC20-1930, all of DC20-1932 through DC20-1936, from 0.00m to 329.42m in DC20-1937, all of DC20-1938, from 58.04m to 151.79m in DC20-1939, all of DC20-1940 through DC20-1943, from 0.00m to 154.87m in DC20-1944, all of DC20-1945 and DC20-1946, from 91.90m to 240.18m in DC20-1947, all of DC20-1948, from 187.00m to 303.58m in DC20-1949, from 0.00m to 83.40m and 314.50m to 334.06m in DC20-1950, and from 0.00m to 33.16m and 123.88m to 178.77m in DC20-1951.

______________________

1 Donlin Gold data as per the Second Updated Feasibility Study (as defined below). Donlin Gold measured resources of approximately 8 Mt grading 2.52 g/t and indicated resources of approximately 534 Mt grading 2.24 g/t, each on a 100% basis, of which Barrick and NOVAGOLD each own 50%. Mineral resources have been estimated in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). 


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Figure 1 Drill Hole Collar Locations

Depicted grid system is based on NAD83 UTM zone 4N coordinates.

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