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Article: Rock Creek: gold at Nome: NovaGold hopes to start construction on this hardrock gold development in two years.(Norwest Corp.)(Novagold Resources Inc.)
- Article from:
- Alaska Business Monthly
- Article date:
- November 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Alaska Business Publishing Company, Inc. 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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NovaGold Resources Inc. made headlines within the minerals industry a year ago, with the company's announcement of a new resource at the remote Donlin Creek gold deposit in Southwest Alaska. The recently formed junior exploration company increased the geological estimate of that gold deposit by more than 100 percent, from 13 million ounces to nearly 28 million ounces, in just two summer drilling seasons.
Now that the company's partner in Donlin Creek--Placer Dome--has taken over operatorship and that giant-sized project's next spending phase, NovaGold can focus on its new goal of becoming a major gold producer in Alaska.
The company's 1 million ounce ...