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By Patricia Jones
Mining News Editor 

NovaGold: Advancing Rock Creek

Company plans to spend $5 million this year on Nome-area hard rock deposit, new resource, feasibility study anticipated

 

Last updated 3/14/2004 at Noon



Developers of the Rock Creek gold deposit near Nome plan to spend $5 million in 2004 to develop the hard rock deposit, with the ultimate goal of gold production starting in 2006.

Vancouver, British Columbia-based NovaGold Resources anticipates releasing a new resource number and geological model later in March, based on last year's 30,000-foot drill program exploration work.

The permit proces...



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