February 1, 2010, Vancouver, BC Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE Amex: NAK) announces that the Pebble Limited Partnership (�PLP� or the �Pebble Partnership�) has provided an updated mineral resource estimate for southwest Alaska's Pebble Project, confirming it as one of the world's most significant undeveloped copper-gold-molybdenum porphyry deposits and North America's most important mineral development opportunity.
Additional core drilling conducted at the Pebble Project site has verified the grade and distribution of mineralization in the high-grade eastern portion of the deposit, while substantially increasing the amount of contained metal and upgrading the confidence classification. The new drill results, in concert with revised economic parameters, have resulted in an improved mineral resource estimate for the Pebble deposit.
The new Pebble resource estimate is based on 509 core holes, including 37 new holes drilled since mid-2008, and updates the estimate released on December 4, 2008. The new estimate represents a 17% increase in resources within higher confidence measured and indicated categories, and a 12%, 14% and 16% increase in contained copper, gold and molybdenum, respectively.
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http://www.northerndynastyminerals.com/ndm/NewsReleases.asp?ReportID=382916
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Best Regards,
Investor Services
Hunter Dickinson
Toll Free 1-800-667-2114 | Main 1-604-684-6365
info@hdgold.com | www.hdgold.com
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Northern Dynasty Minerals Ltd.
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DEVELOPMENT STAGE |
CODE : NDM.TO |
ISIN : CA66510M2040 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northern Dynasty is a copper and gold development stage company based in Canada. Northern Dynasty develops copper, gold and molybdenum in USA, and holds various exploration projects in USA. Its main asset in development is PEBBLE in USA. Northern Dynasty is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 120.9 millions as of today (US$ 88.5 millions, € 82.7 millions). Its stock quote reached its highest recent level on June 30, 2011 at CA$ 9.99, and its lowest recent point on May 19, 2023 at CA$ 0.28. Northern Dynasty has 298 640 000 shares outstanding. |