ONTARIO - Vancouver's NORTHGATE MINERALS has announced what it calls a "major" increase in gold resources at its Young-Davidson property near Matachewan. The company has combined historic estimates with the results from its 2006 drilling program to put the total contained gold in all resource categories at 2.13 million oz.
The total numbers include both open pit and underground resources. In the measured and indicated categories are 5.16 million tonnes at 3.61 g/t Au or 599,100 oz of gold recoverable from underground. Also in the measured and indicated category are 6.81 million tonnes grading 2.13 g/t Au or 463,960 oz of gold that can be open pit mined. The inferred underground resource is 4.70 million oz grading 3.68 g/t Au or 555,100 oz of gold. The open pit inferred resource is 329,700 tonnes at 1.34 g/t Au, and the Upper Boundary zone contains 3.90 million inferred tonnes at 4.02 g/t Au. Together the pit and Upper Boundary areas contain 516,170 oz of contained gold in the inferred category, and Northgate plans to add those numbers when it updates the Young-Davidson resources.
More details are available in the press release of Dec. 18, 2006, posted at www.NorthgateMinerals.com.