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NovaGold drills 135.5 m of 1.5% Cu at Galore Creek
2014-01-23 14:50 MT - News Release
Mr. Greg Lang reports
NOVAGOLD'S 2013 DRILL RESULTS AT GALORE CREEK IDENTIFY EXTENSIONS TO MINERALIZATION AT LEGACY ZONE
Novagold Resources Inc. has released the results of the 2013 infill and exploration drilling program at its 50-per-cent-owned Galore Creek property, located in the territory of the Tahltan Nation in northwestern British Columbia, Canada. Galore Creek is a large copper-gold-silver project held by a partnership in which Novagold and Teck Resources Inc. each own a 50-per-cent interest. The 2013 program was completed ahead of schedule and below budget, and confirmed significant mineralization at the recently discovered Legacy zone. The program also identified areas for potential resource growth.
The 2013 drill program focused on assessing the extent of the Legacy mineralization and evaluating its impact on future mine and project design. The objectives of the program were to:
- Increase the density of drilling in the Legacy zone to the level required for the establishment of inferred resources;
- Provide new drill data to increase resource model confidence;
- Explore possible extension of known mineralized zones: Bountiful to the north, Legacy to the south and potential connection of these two zones.
Program highlights
The most significant intersections from infill and exploration drilling in the Legacy zone were as follows:
- GC13-0889 intersected 129 metres grading 0.72 per cent copper, 0.17 gram per tonne gold and 7.2 g/t silver.
- GC13-0890 intersected 117 m grading 0.63 per cent copper, 0.16 g/t gold and 8.3 g/t silver.
- GC13-0895 intersected 135 m grading 1.50 per cent copper, 0.34 g/t gold and 13.2 g/t silver, and a further 84 m grading 0.78 per cent copper, 0.10 g/t gold and 8.8 g/t silver.
- GC13-0901 intersected 58 m grading 0.87 per cent copper, 0.20 g/t gold and 12.6 g/t silver.