Northern Dynasty Minerals Announces Resource Estimate.
International Resource News - 05 December 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Northern Dynasty Minerals Ltd (TSX: NDM) (AMEX: NAK), a Canada-based company that explores for mineral resources, has announced an updated mineral resource estimate for the Pebble deposit in southwest Alaska, US.
At a 0.30% copper equivalent (CuEQ)(1) cut-off, the Pebble Deposit mineral resources are 5.1 billion tonnes of measured and indicated mineral resources grading 0.77% CuEQ, containing 48 billion pounds of copper, 57 million ounces of gold, and 2.9 billion pounds of molybdenum; plus 4.0 billion tonnes of inferred mineral resources grading 0.55% CuEQ, containing 24 billion pounds of copper, 37 million ounces of gold and 1.9 billion pounds of molybdenum.
The company president and chief executive officer, Ron Thiessen, said, 'By virtually any measure - volumes and grade, continuity of mineralisation, resource confidence, potential for expansion - Pebble must be considered among the most important mineral deposits in the world. A modern, long-life mine at Pebble could produce one-quarter of America's domestic copper supply for 50-plus years, along with substantial volumes of gold, molybdenum and potentially other metals such as silver, rhenium and palladium. Along the way, it would generate thousands of jobs and hundreds of millions of dollars in annual economic activity for the people and communities of Alaska.'
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|Publication:||Auto Business News (ABN)|
|Date:||Dec 5, 2008|
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