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

NOVAGOLD RESOURCES INC.
·39 min read

Figure 1 Drill Hole Collar Locations

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

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

Hole

Azimuth (°)

Inclination (°)

Depth (m)

DC20-1865

237

79

227.0

DC20-1866

45

67

302.7

DC20-1867

28

73

217.5

DC20-1868

358

67

247.2

DC20-1869

330

72

175.9

DC20-1870

307

71

249.9

DC20-1871

303

63

458.4

DC20-1872

312

53

632.8

DC20-1873

250

49

274.9

DC20-1874

300

76

253.0

DC20-1875

304

53

218.5

DC20-1876

288

69

235.0

DC20-1877

303

73

249.9

DC20-1878

304

55

459.9

DC20-1879

302

58

231.0

DC20-1880

300

71

249.9

DC20-1881

301

52

256.0

DC20-1882

327

56

524.9

DC20-1883

308

54

266.4

DC20-1884

306

72

251.8

DC20-1885

278

63

296.6

DC20-1886

304

56

255.4

DC20-1887

305

60

255.4

DC20-1888

312

72

266.5

DC20-1889

328

56

406.6

DC20-1890

abandoned before completion, re-drilled as 1891

DC20-1891

331

55

377.3

DC20-1892

184

63

300.2

DC20-1893

312

75

260.9

DC20-1894

230

67

620.6

DC20-1895

329

53

362.1

DC20-1896

abandoned before completion, re-drilled as 1898

DC20-1897

325

59

335.0

DC20-1898

302

77

250.9

DC20-1899

358

63

201.0

DC20-1900

302

71

235.0

DC20-1901

306

65

464.8

DC20-1902

287

61

176.2

DC20-1903

259

64

150.7

DC20-1904

0

69

200.0

DC20-1905

290

58

212.5

DC20-1906

181

77

347.8

DC20-1907

305

63

431.6

DC20-1908

305

60

351.4

DC20-1909

5

75

239.3

DC20-1910

288

51

235.0

DC20-1911

1

78

150.3

DC20-1912

302

65

474.3

DC20-1913

296

63

224.9

DC20-1914

290

66

200.3

DC20-1915

309

67

325.5

DC20-1916

295

69

218.2

DC20-1917

50

65

175.3

DC20-1918

305

67

252.4

DC20-1919

272

57

249.0

DC20-1920

313

49

253.3

DC20-1921

235

54

607.2

DC20-1922

318

68

254.5

DC20-1923

301

69

211.5

DC20-1924

297

63

228.0

DC20-1925

290

54

210.0

DC20-1926

291

70

150.3

DC20-1927

296

68

299.9

DC20-1928

299

65

226.2

DC20-1929

289

58

214.9

DC20-1930

208

64

233.2

DC20-1931

295

65

152.7

DC20-1932

289

56

175.3

DC20-1933

295

59

200.0

DC20-1934

289

54

250.2

DC20-1935

282

69

150.0

DC20-1936

1

68

231.0

DC20-1937

256

68

531.9

DC20-1938

307

67

150.0

DC20-1939

171

79

151.8

DC20-1940

292

62

200.0

DC20-1941

104

85

175.0

DC20-1942

273

60

175.3

DC20-1943

326

78

215.5

DC20-1944

279

61

320.0

DC20-1945

305

77

283.8

DC20-1946

17

52

263.0

DC20-1947

304

76

240.2

DC20-1948

306

59

305.1

DC20-1949

326

56

303.6

DC20-1950

325

59

334.1

DC20-1951

6

73

178.8

* 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 ID

Area

From
(Meters)

To
(Meters)

Length
(Meters)

Au Grade (g/t)

DC20-1865

ACMA

136.75

149.16

12.41

4.91

Reported 8/6

DC20-1865

155.50

174.21

18.71

2.03

Reported 8/6

DC20-1865

200.22

213.57

13.35

2.97

Reported 8/6

DC20-1865

TOTAL

44.47

3.12

DC20-1866

ACMA

14.00

17.82

3.82

3.48

Reported 8/6

DC20-1866

35.39

81.30

45.91

5.03

Reported 8/6

including

63.35

75.30

11.95

10.44

Reported 8/6

DC20-1866

98.25

103.42

5.17

7.01

Reported 8/6

DC20-1866

108.30

131.66

23.36

4.15

Reported 8/6

DC20-1866

208.44

221.61

13.17

4.69

Reported 8/6

DC20-1866

226.53

256.81

30.28

4.20

Reported 8/6

DC20-1866

266.00

276.76

10.76

4.72

Reported 8/6

DC20-1866

281.33

285.57

4.24

1.83

Reported 8/6

DC20-1866

291.00

296.86

5.86

5.61

Reported 8/6

DC20-1866

TOTAL

142.57

4.61

DC20-1867

ACMA

23.20

28.04

4.84

7.37

Reported 8/6

DC20-1867

66.14

70.74

4.60

5.90

Reported 8/6

DC20-1867

92.68

104.00

11.32

6.17

Reported 8/6

DC20-1867

TOTAL

20.76

6.39

DC20-1868

ACMA

115.51

125.74

10.23

4.13

Reported 8/6

DC20-1868

243.48

247.19

3.71

1.92

Reported 8/6

DC20-1868

TOTAL

13.94

3.54

DC20-1869

ACMA

10.80

16.15

5.35

3.22

Reported 8/6

DC20-1869

33.30

43.30

10.00

2.68

Reported 8/6

DC20-1869

49.30

58.83

9.53

3.86

Reported 8/6

DC20-1869

128.19

137.60

9.41

3.08

Reported 8/6

DC20-1869

TOTAL

34.29

3.20

DC20-1870

ACMA

156.66

164.60

7.94

4.24

Reported 8/6

DC20-1870

173.10

180.80

7.70

7.53

Reported 8/6

DC20-1870

TOTAL

15.64

5.86

DC20-1871

ACMA

12.80

20.80

8.00

4.01

Reported 8/6

DC20-1871

30.35

72.26

41.91

11.61

Reported 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

341.67

347.44

5.77

1.00

Reported 8/6

DC20-1871

425.97

435.71

9.74

1.60

Reported 10/26

DC20-1871

TOTAL

65.42

8.25

DC20-1872

Lewis

47.30

73.46

26.16

3.40

Reported 10/26

DC20-1872

82.80

86.60

3.80

4.74

Reported 10/26

DC20-1872

163.82

167.70

3.88

4.39

Reported 8/6

DC20-1872

290.62

294.58

3.96

3.17

Reported 8/6

DC20-1872

544.34

555.00

10.66

1.80

Reported 10/26

DC20-1872

603.23

609.23

6.00

2.33

Reported 10/26

DC20-1872

TOTAL

54.46

3.11

DC20-1873

Lewis

42.90

53.74

10.84

4.36

Reported 8/6

DC20-1873

60.88

68.54

7.66

18.40

Reported 8/6

including

63.16

68.54

5.38

25.26

Reported 8/6

DC20-1873

TOTAL

18.50

10.17

DC20-1874

ACMA

159.39

169.59

10.20

7.24

Reported 10/26

DC20-1874

174.65

177.97

3.32

3.51

Reported 10/26

DC20-1874

236.83

239.88

3.05

5.52

Reported 10/26

DC20-1874

TOTAL

16.57

6.18

DC20-1875

Lewis

18.75

22.64

3.89

1.50

Reported 10/26

DC20-1875

43.17

47.09

3.92

1.95

Reported 10/26

DC20-1875

100.06

105.68

5.62

6.09

Reported 10/26

DC20-1875

TOTAL

13.43

3.55

DC20-1876

ACMA

5.62

18.35

12.73

5.35

Reported 10/26

DC20-1876

TOTAL

12.73

5.35

DC20-1877

ACMA

123.48

127.65

4.17

80.58

Reported 10/26

including

124.50

127.65

3.15

106.24

Reported 10/26

DC20-1877

TOTAL

4.17

80.58

DC20-1878

Lewis

27.47

34.05

6.58

2.83

Reported 10/26

DC20-1878

48.86

68.63

19.77

11.34

Reported 10/26

including

54.86

61.86

7.00

25.24

Reported 10/26

DC20-1878

74.63

79.74

5.11

15.79

Reported 10/26

including

74.63

77.74

3.11

21.10

Reported 10/26

DC20-1878

96.92

105.70

8.78

1.23

Reported 10/26

DC20-1878

120.32

124.31

3.99

1.83

Reported 10/26

DC20-1878

132.14

135.94

3.80

1.21

Reported 10/26

DC20-1878

140.90

154.70

13.80

3.10

Reported 10/26

DC20-1878

175.34

186.70

11.36

2.00

Reported 10/26

DC20-1878

198.40

240.70

42.30

2.03

Reported 10/26

DC20-1878

244.75

247.92

3.17

4.27

Reported 10/26

DC20-1878

TOTAL

118.66

4.31

DC20-1879

Lewis

62.30

68.44

6.14

1.85

Reported 10/26

DC20-1879

118.57

149.20

30.63

2.40

Reported 10/26

DC20-1879

TOTAL

36.77

2.31

DC20-1880

ACMA

40.70

44.80

4.10

10.67

Reported 10/26

DC20-1880

136.30

139.80

3.50

10.23

Reported 10/26

DC20-1880

TOTAL

7.60

10.47

DC20-1881

ACMA

50.75

55.25

4.50

3.03

Reported 10/26

DC20-1881

TOTAL

4.50

3.03

DC20-1882

ACMA

5.00

9.00

4.00

4.52

Reported 10/26

DC20-1882

15.00

21.00

6.00

6.54

Reported 10/26

DC20-1882

27.00

43.00

16.00

2.81

Reported 10/26

DC20-1882

67.00

71.00

4.00

1.51

Reported 10/26

DC20-1882

113.11

121.27

8.16

4.28

Reported 10/26

DC20-1882

160.18

167.55

7.37

2.11

Reported 10/26

DC20-1882

200.80

219.63

18.83

1.75

Reported 10/26

DC20-1882

233.97

245.15

11.18

4.73

Reported 10/26

DC20-1882

251.03

255.03

4.00

3.90

Reported 10/26

DC20-1882

302.03

328.53

26.50

2.24

Reported 10/26

DC20-1882

336.49

349.54

13.05

2.32

Reported 10/26

DC20-1882

392.24

402.03

9.79

2.99

Reported 10/26

DC20-1882

TOTAL

128.88

2.94

DC20-1883

Lewis

49.38

62.00

12.62

2.19

Reported 10/26

DC20-1883

137.16

157.45

20.29

1.21

Reported 10/26

DC20-1883

172.70

178.97

6.27

2.54

Reported 10/26

DC20-1883

214.50

222.50

8.00

2.58

Reported 10/26

DC20-1883

230.00

234.00

4.00

9.12

Reported 10/26

DC20-1883

258.50

264.50

6.00

15.45

Reported 10/26

DC20-1883

TOTAL

57.18

3.81

DC20-1884

ACMA

142.50

152.25

9.75

5.07

Reported 10/26

DC20-1884

163.25

167.10

3.85

2.17

Reported 10/26

DC20-1884

TOTAL

13.60

4.25

DC20-1885

ACMA

268.96

274.75

5.79

12.96

Reported 10/26

including

268.96

272.87

3.91

16.11

Reported 10/26

DC20-1885

TOTAL

5.79

12.96

DC20-1886

Lewis

43.76

49.67

5.91

2.17

Reported 10/26

DC20-1886

125.88

139.80

13.92

3.47

Reported 10/26

DC20-1886

147.00

151.00

4.00

3.95

Reported 10/26

DC20-1886

158.78

180.90

22.12

4.65

Reported 10/26

including

172.90

176.90

4.00

12.30

Reported 10/26

DC20-1886

196.80

212.20

15.40

3.37

Reported 10/26

DC20-1886

218.20

252.08

33.88

6.52

Reported 10/26

including

224.20

232.14

7.94

11.27

Reported 10/26

DC20-1886

TOTAL

95.23

4.75

DC20-1887

Lewis

5.10

10.50

5.40

1.78

Reported 10/26

DC20-1887

132.00

145.50

13.50

4.32

Reported 10/26

including

134.00

138.00

4.00

10.02

Reported 10/26

DC20-1887

150.45

160.00

9.55

4.65

Reported 10/26

DC20-1887

177.38

185.00

7.62

1.65

Reported 10/26

DC20-1887

212.50

218.50

6.00

1.73

Reported 10/26

DC20-1887

TOTAL

42.07

3.22

DC20-1888

ACMA

178.58

185.51

6.93

43.12

Reported 10/26

including

180.26

183.51

3.25

90.49

Reported 10/26

DC20-1888

191.45

203.33

11.88

1.77

Reported 10/26

DC20-1888

TOTAL

18.81

17.00

DC20-1889

ACMA

33.00

43.00

10.00

5.95

including

35.00

39.00

4.00

11.15

DC20-1889

56.00

60.00

4.00

1.38

DC20-1889

115.00

120.00

5.00

24.27

including

115.50

118.50

3.00

32.77

DC20-1889

176.00

188.00

12.00

2.77

DC20-1889

205.50

218.50

13.00

2.68

DC20-1889

281.00

306.20

25.20

2.13

DC20-1889

348.00

353.00

5.00

7.62

DC20-1889

TOTAL

74.20

4.67

DC20-1891

ACMA

8.08

15.39

7.31

1.65

Reported 10/26

DC20-1891

52.99

76.37

23.38

2.58

Reported 10/26

DC20-1891

107.69

121.70

14.01

2.20

Reported 10/26

DC20-1891

212.43

222.39

9.96

1.66

DC20-1891

228.35

248.63

20.28

3.32

DC20-1891

262.48

291.66

29.18

3.10

DC20-1891

331.37

335.37

4.00

2.33

DC20-1891

TOTAL

108.12

2.65

DC20-1892

ACMA

52.51

74.19

21.68

2.39

DC20-1892

92.16

95.87

3.71

4.18

DC20-1892

148.00

156.00

8.00

4.12

DC20-1892

184.96

188.48

3.52

1.04

DC20-1892

247.50

257.46

9.96

1.75

DC20-1892

TOTAL

46.87

2.59

DC20-1893

ACMA

139.70

143.70

4.00

1.35

DC20-1893

223.80

230.50

6.70

1.87

DC20-1893

247.43

253.80

6.37

1.62

DC20-1893

TOTAL

17.07

1.65

DC20-1894

ACMA

26.60

32.60

6.00

3.84

DC20-1894

132.40

136.40

4.00

3.38

DC20-1894

152.40

158.40

6.00

3.68

DC20-1894

244.20

253.80

9.60

1.00

DC20-1894

259.00

263.00

4.00

9.22

DC20-1894

274.50

284.00

9.50

5.48

DC20-1894

290.00

294.00

4.00

3.83

DC20-1894

345.00

348.00

3.00

4.88

DC20-1894

421.50

429.50

8.00

2.08

DC20-1894

508.00

521.63

13.63

4.45

DC20-1894

558.93

580.27

21.34

3.65

DC20-1894

586.06

605.33

19.27

2.31

DC20-1894

TOTAL

108.34

3.57

DC20-1895

ACMA

20.43

26.40

5.97

4.13

DC20-1895

218.28

242.08

23.80

6.54

including

220.28

227.40

7.12

12.71

DC20-1895

257.63

267.00

9.37

1.62

DC20-1895

286.85

289.93

3.08

3.66

DC20-1895

TOTAL

42.22

4.90

DC20-1897

ACMA

17.74

28.95

11.21

2.20

DC20-1897

145.10

153.04

7.94

1.62

DC20-1897

219.04

225.04

6.00

2.69

DC20-1897

243.58

258.12

14.54

4.79

DC20-1897

287.70

295.70

8.00

2.62

DC20-1897

321.98

325.97

3.99

8.81

DC20-1897

TOTAL

51.68

3.47

DC20-1898

ACMA

222.04

231.93

9.89

4.11

DC20-1898

TOTAL

9.89

4.11

DC20-1899

ACMA

72.73

88.87

16.14

7.78

including

72.73

76.70

3.97

13.91

DC20-1899

TOTAL

16.14

7.78

DC20-1900

Lewis

90.12

94.00

3.88

2.83

DC20-1900

107.20

119.30

12.10

2.37

DC20-1900

140.20

150.00

9.80

4.78

DC20-1900

164.00

184.00

20.00

2.74

DC20-1900

199.00

209.00

10.00

5.61

DC20-1900

TOTAL

55.78

3.54

DC20-1901

Lewis

73.66

85.15

11.49

1.16

DC20-1901

218.78

222.46

3.68

3.65

DC20-1901

233.97

237.50

3.53

3.43

DC20-1901

302.16

306.16

4.00

3.50

DC20-1901

358.00

390.00

32.00

2.40

DC20-1901

TOTAL

54.70

2.37

DC20-1902

Lewis

18.00

33.30

15.30

1.23

DC20-1902

96.00

103.54

7.54

4.65

DC20-1902

153.00

159.27

6.27

1.79

DC20-1902

TOTAL

29.11

2.24

DC20-1903

ACMA

99.39

107.53

8.14

45.26

including

99.39

106.23

6.84

52.14

DC20-1903

112.79

119.76

6.97

2.57

DC20-1903

TOTAL

15.11

25.57

DC20-1904

ACMA

61.77

97.65

35.88

3.71

DC20-1904

103.54

109.42

5.88

4.94

DC20-1904

TOTAL

41.76

3.88

DC20-1905

Lewis

41.65

45.05

3.40

4.50

DC20-1905

51.00

67.00

16.00

2.45

DC20-1905

81.00

89.00

8.00

1.39

DC20-1905

TOTAL

27.40

2.40

DC20-1906

ACMA

225.73

237.98

12.25

6.27

DC20-1906

TOTAL

12.25

6.27

DC20-1907

Lewis

248.54

254.46

5.92

1.48

DC20-1907

367.08

385.96

18.88

5.60

including

368.95

372.75

3.80

16.09

DC20-1907

395.45

403.24

7.79

1.64

DC20-1907

418.58

428.45

9.87

3.27

DC20-1907

TOTAL

42.46

3.76

DC20-1908

Lewis

112.25

122.25

10.00

2.40

DC20-1908

TOTAL

10.00

2.40

DC20-1909

ACMA

74.22

79.40

5.18

8.04

DC20-1909

94.50

98.40

3.90

3.17

DC20-1909

135.50

145.60

10.10

2.31

DC20-1909

TOTAL

19.18

4.03

DC20-1910

Lewis

162.43

166.43

4.00

6.54

DC20-1910

184.23

193.23

9.00

7.88

DC20-1910

201.23

209.23

8.00

7.28

DC20-1910

TOTAL

21.00

7.40

DC20-1911

ACMA

61.00

83.00

22.00

2.29

DC20-1911

105.00

113.00

8.00

2.68

DC20-1911

TOTAL

30.00

2.40

DC20-1912

Lewis

178.80

198.80

20.00

4.11

DC20-1912

249.70

287.00

37.30

7.00

including

251.70

255.00

3.30

24.55

DC20-1912

TOTAL

57.30

5.99

DC20-1913

Lewis

15.00

19.00

4.00

4.87

DC20-1913

118.53

142.00

23.47

1.87

DC20-1913

TOTAL

27.47

2.31

DC20-1914

ACMA

18.44

28.44

10.00

1.92

DC20-1914

91.13

104.02

12.89

1.31

DC20-1914

112.88

116.88

4.00

1.05

DC20-1914

TOTAL

26.89

1.49

DC20-1915

Lewis

31.90

37.55

5.65

1.08

DC20-1915

228.10

234.10

6.00

1.78

DC20-1915

287.42

302.78

15.36

7.22

including

298.78

302.78

4.00

21.03

DC20-1915

316.76

324.76

8.00

2.16

DC20-1915

TOTAL

35.01

4.14

DC20-1916

Lewis

19.94

31.88

11.94

4.87

DC20-1916

49.90

58.86

8.96

5.32

DC20-1916

136.18

148.16

11.98

1.32

DC20-1916

201.59

211.58

9.99

1.57

DC20-1916

TOTAL

42.87

3.20

DC20-1917

ACMA

145.56

155.35

9.79

1.41

DC20-1917

TOTAL

9.79

1.41

DC20-1920

Lewis

6.03

10.67

4.64

4.10

DC20-1920

TOTAL

4.64

4.10

DC20-1921

ACMA

98.86

103.98

5.12

2.11

DC20-1921

109.98

116.97

6.99

5.48

DC20-1921

133.56

142.67

9.11

1.69

DC20-1921

165.67

189.40

23.73

2.64

DC20-1921

206.23

209.74

3.51

5.18

DC20-1921

284.64

292.98

8.34

4.99

DC20-1921

297.12

311.16

14.04

3.27

DC20-1921

TOTAL

70.84

3.29

DC20-1923

Lewis

85.60

91.55

5.95

1.68

DC20-1923

128.00

131.62

3.62

3.79

DC20-1923

TOTAL

9.57

2.48

DC20-1926

Lewis

21.96

35.96

14.00

4.36

DC20-1926

TOTAL

14.00

4.36

DC20-1930

ACMA

102.30

110.30

8.00

2.62

DC20-1930

119.50

137.50

18.00

3.14

DC20-1930

148.85

188.00

39.15

4.28

including

182.40

188.00

5.60

12.51

DC20-1930

TOTAL

65.15

3.76

DC20-1937

ACMA

335.36

341.36

6.00

6.79

DC20-1937

349.30

365.63

16.33

3.20

DC20-1937

390.19

494.07

103.88

6.14

including

459.17

481.32

22.15

12.55

DC20-1937

500.10

526.63

26.53

2.40

DC20-1937

TOTAL

152.74

5.20

DC20-1944

ACMA

205.38

209.00

3.62

5.45

DC20-1944

227.00

232.00

5.00

1.55

DC20-1944

237.62

249.22

11.60

3.59

DC20-1944

274.00

277.55

3.55

8.49

DC20-1944

286.17

294.00

7.83

6.12

DC20-1944

TOTAL

31.60

4.66

DC20-1947

ACMA

73.81

80.10

6.29

3.20

DC20-1947

TOTAL

6.29

3.20

DC20-1949

ACMA

28.84

32.56

3.72

2.28

DC20-1949

64.93

70.44

5.51

3.30

DC20-1949

96.01

100.58

4.57

2.17

DC20-1949

141.35

156.70

15.35

5.37

DC20-1949

TOTAL

29.15

4.08

DC20-1950

ACMA

161.50

175.50

14.00

2.63

DC20-1950

180.80

193.05

12.25

3.14

DC20-1950

230.30

237.50

7.20

5.91

DC20-1950

250.00

262.50

12.50

3.49

DC20-1950

272.00

277.38

5.38

2.24

DC20-1950

295.15

302.00

6.85

5.17

DC20-1950

307.00

314.50

7.50

4.84

DC20-1950

TOTAL

65.68

3.73

DC20-1951

ACMA

109.96

123.88

13.92

2.34

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.

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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”).