Northgate has been ramping up exploration activities in keeping with an accelerated development plan. Our 2008 exploration budget of $21 million dollars has been to devoted
to support additional drilling, shaft dewatering and underground ramp development, as well as preparation of a Feasibility Study, expected to be completed by the end of the year.
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Our 2008 Goals for Young-Davidson include:
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- Increase gold resource base by an additional 0.5 million ounces to
3.0 million ounces
- Additional drilling to fill in the gap between the Lower Boundary and Lower YD zones
- Prepare economic study to assess parametres of the project
- Prepare Feasibility study
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Exploration Update
(last updated June 2008) |
- The ramp is being excavated and is currently 3,288 metres.
- Shaft dewatering is down to the 422-metre level.
Click here to view an animation of the ramp excavation and shaft dewatering process.
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