ALASKA – The Alaska Department of Natural Resources has approved the miscellaneous land use permit for the Pebble copper-gold-molybdenum mine in the southwest part of the state, 380 km from Anchorage. The project is owned and operated by a subsidiary of Vancouver-based Northern Dynasty Minerals
[caption id="attachment_1003718049" align="alignright" width="300"] A bird’s eye view of drilling at the Pebble copper-gold project.
The permit includes the requirement for Northern Dynasty to post a performance guarantee of US$2 million related to any potential reclamation liability.
The Pebble project is at the advanced exploration stage. The 2014 resource estimate, using a 0.30% copper equivalent cut-off, included the following amounts:
- Measured and indicated: 6.44 billion tonnes grading 0.76% copper equivalent containing 57 billion lb. of copper, 70 million oz. of gold, 3.4 billion lb. of molybdenum and 344 million oz. of silver; plus
- Inferred: 4.46 billion tonnes grading 0.54% copper equivalent, containing 24.5 billion lb. of copper, 37 million oz. of gold, 2.2 billion lb. of molybdenum and 170 million oz. of silver.
Northern Dynasty maintains a Pebble photo gallery at www.NorthernDynastyMinerals.com.