F E B R U A R Y / M A R C H 2 0 1 7
www.resourceworld.com 33
www.eskaymining.com • macbalkam@aol.com
Searching for Eskay II
Over 135,000 Acres in the
Heart of the Golden Triangle
M I N I N G C O R P
E S K - T S X - V E N T U R E
a 24-km trend. Exploration on the south
side of the property has identified four
centres of gold mineralization and the goal
is to identify additional gold centres on the
JV property. The exploration program will
drill up to 21,000 metres, complete 275
line-km of IP geophysical surveys and col
-
lect up to 3,000 soil samples with a view of
updating the mineral resource estimate by
the end of late Q3, 2017.
FRESNILLO/MAG SILVER JOINT VENTURE
The Juanicipio property, located in
the Fresnillo District, Zacatecas State,
Mexico, is owned and operated by Minera
Juanicipio S.A. de C.V., a Mexican incor-
porated joint venture company held 56%
by Fresnillo PLC and 44% by MAG
Silver Corp. [MAG-TSX, NYSE MKT].
The most recent news coming out of
this JV is that they are advancing the
underground ramp development and
exploration efforts that will augment the
project profile. The management team will
be providing an updated silver resource
estimate including an initial resource for
a new deep zone, the Valdecanas, early in
2017. Shortly after, the JV partners are
expected to provide an update on a mine
plan and begin mine permitting.
DONLIN GOLD LLC
In 2007, Novagold Resources Alaska
and Barrick Gold US formed Donlin
Gold LLC to oversee the development of
the Donlin Gold Project in Alaska. Donlin
is owned equally (50/50) by both partners
with full participation of both companies
on all aspects of project development.
The project has measured and indicated
resources of 39 million ounces of gold and
six-million ounces of inferred resources.
The Donlin Gold Project is in the
environmental permitting process and
has recently received public comments
on its Environmental Impact Statement.
Concurrently, the partnership is advancing
other permits required for construction.
Donlin Gold has the potential to produce
1,500,000 ounces of gold annually in the
first five years of operation and 1,100,000
ounces per year over its 27-year life.
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