ALASKA Vancouver-based NORTHERN DYNASTY MINERALS has committed over US$20 million this year to collect engineering, environmental and socioeconomic data for a bankable feasibility study of its proposed Pebble copper-gold-molybdenum-silver mine. The open pit development would result in a project capable of treating from 90,000 to 200,000 tonnes of ore per day over a 30- to 60-year mine life. The capital spending estimate for such an operation is US$1 billion.
Northern Dynasty says there is an inferred mineral resource of 2.74 billion tonnes grading 0.30 g/t Au, 0.27% Cu, and 0.015% Mo above a cut-off grade of 0.30% Cu equivalent. This is the largest deposit of gold resources and second largest deposit of contained copper in North America. Lots of other factoids are available at www.NorthernDynastyMinerals.com.