February 25, 2008, Vancouver, BC - Ronald W. Thiessen, President and CEO of Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") (TSX: NDM; AMEX: NAK) is pleased to announce an updated estimate of mineral resources at the Pebble East copper-gold-molybdenum deposit, following the completion of 157,000 feet of drilling in 36 holes during 2007. The new resource estimate was prepared by technical consultants to the Pebble Limited Partnership ("Pebble Partnership") and is based on assay results from a total of 162 diamond drill holes completed in the Pebble East area. A further 157,000-foot in-fill and delineation drill program commenced on February 13, 2008 at Pebble East. This new drill program is designed to upgrade the classification of a portion of Pebble East to an indicated mineral resource in preparation for this year's pre-feasibility mine planning studies, and also to determine the full extent of the deposit which is still open.
At a 0.60% copper equivalent cut-off, the newly estimated inferred mineral resources1 in the Pebble East deposit are:
� 3.9 billion tonnes grading 0.99% copper equivalent2, containing 49 billion pounds of copper, 45 million ounces of gold, and 2.8 billion pounds of molybdenum.
At a 1.00% copper equivalent cut-off, the newly estimated inferred mineral resources1 are:
� 1.5 billion tonnes grading 1.32% copper equivalent2, containing 27 billion pounds of copper, 24 million ounces of gold, and 1.2 billion pounds of molybdenum.
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http://www.northerndynastyminerals.com/ndm/NewsReleases.asp?ReportID=287666
If you have any questions do not hesitate to contact us as provided below.
Best Regards,
Investor Services
Hunter Dickinson Inc.
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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EN DÉVELOPPEMENT |
CODE : NDM.TO |
ISIN : CA66510M2040 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Northern Dynasty est une société développant des projet miniers de cuivre et d'or basée au Canada. Northern Dynasty est en développement de projets de cuivre, d'or et de molybdène en USA, et détient divers projets d'exploration en USA. Son principal projet en développement est PEBBLE en USA. Northern Dynasty est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 120,9 millions CA$ (88,5 millions US$, 82,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 30 juin 2011 à 9,99 CA$, et son plus bas niveau récent le 19 mai 2023 à 0,28 CA$. Northern Dynasty possède 298 640 000 actions en circulation. |