Northern Star Updates Resource at Pogo Gold Mine

Northern Star Resources (ASX:NST) announced a JORC 2012 resource estimate at its Pogo gold mine in Alaska on Tuesday. It came in at 8.8 million tonnes at 14.7 grams per tonne (gpt) for 4.15 million ounces.

Highlights from the press release are as follows:

• The JORC-compliant resource estimate is now 8.8Mt at 14.7gpt for 4.15Moz, utilising a cut-off grade of 6.2gpt. This new estimate is in line with the non-JORC estimate stated in Northern Star’s ASX release of August 30, 2018 re the Pogo acquisition

• The previously reported non-JORC estimate of 4.1Moz at 12.2gpt included 765,000oz in satellite deposits external to the main Pogo mine; these deposits have not been included in this new estimate

• The new resource estimate in the Pogo mine area of 4.15Moz has increased by 24 percent or by ~0.8Moz, predominantly through interpretation and remodelling of known mineralisation

• This new resource estimate will underpin mine planning and operational optimisation at Pogo

Bill Beament, executive chairman of Northern Star, commented:

This is an important result because it not only meets, but exceeds, our understanding of the Pogo mine and our view of its potential. It is also very satisfying to match the previous 4.1Moz non-JORC resource without including the 765,000oz resources contained in the satellite deposits which formed part of that original estimate. The upshot of this is we have already increased the in-mine resource by 24 percent.

Click here for the full press release.