By Allen Baker
Mining News Contributing Writer 

A gem of a deposit in northwest Alaska

NovaGold moving ahead with Ambler prospect dormant since the 1980s; initial results one of top undeveloped VMS deposits in the world


Last updated 10/31/2004 at Noon

It's still a few years off, but if NovaGold Resources Inc. turns the Ambler prospect into an operating mine, it could open up a mineral belt with a total of $12 billion in reserves - at 1982 prices.

That $12 billion figure comes from a 1982 state report listing 10 major volcano-derived deposits in northwestern Alaska, from the operating Red Dog Mine all the way to the border of Gates of the Ar...

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