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Article: Latest resource estimate almost doubles Pebble East.
- Article from:
- AK Journal of Commerce
- Article date:
- February 25, 2007
CopyrightCOPYRIGHT 2007 Alaska Journal of Commerce. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tim Bradner
Feb. 25--If growing estimates hold true, the name Pebble may become more and more of a misnomer for a mine project in Southwest Alaska.
Northern Dynasty Minerals Ltd. released new mineral resource estimates on its Pebble copper-gold project Feb. 20 that increase the inferred resource in an eastern ore zone by 90 percent.
The new report, based on the drilling of 132 core holes in the eastern deposit, estimates that at a grade cutoff of 0.6 percent "copper-equivalent," Pebble East could contain 3.4 billion tons of ore with 42.6 billion pounds of copper, 39.6 million ounces of gold and 2.7 billion pounds of molybdenum.
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