RESULTS evaluation for the GOLD-COPPER DEPOSIT USA
The Canadian company NovaGold Resources Inc. continuing exploration belonging to her gold-copper porphyry deposits Galore Creek (Galore Creek) in Alaska. The main objective of the company is to increase the density of the exploration network and transfer a substantial portion of reserves category indicatred (alleged) in the category of measured (confirmed). An ordinary counting the reserves in two versions. At a cutoff grade of 0.5% copper equivalent total reserves (categories measured + indicatred) amounted to 353.3 million tonnes of ore with a grade of 0.45 g / t (159 t Au), copper - 0.72% (2.548 million tonnes of copper), silver - 5.29 g / t (1869 m silver).
Resources - 348.5 million tons of ore with a gold content of 0.54 g / t (188 t of metal), copper - 0.5% (1.742 million tons), silver - 5.41 g / t (1885 m). Total reserves and resources of 347 tons of gold make when delineating mineralization at 0.35% copper equivalent total reserves (categories measured + indicatred) calculated in the amount of 516.7 million tonnes of ore with a grade of 0.36 g / t (186 t Au), copper - 0.59% (3.048 million tonnes of copper), silver - 4.54 g / t (2,346 t silver). Thus, in the second embodiment reserves of gold, copper and silver greater, respectively, at 27 tonnes, 500 tonnes and 477 tonnes of ore - at 163.4 million tonnes, or 46%, ie almost in half. The second option of counting the resources the field are 578.3 million tons of ore with a grade of 0.42 g / t (243 t Au) gold resources to reserves - 429 tons (82 tons more than in the first version). The company Novagold Resources Inc.
2005 intends to drill at least 50 tys.pog.m wells. General estimation of reserves and the development of field development project (which will be under the control of Hatch Ltd.) Is scheduled to perform in the 2006 pre-supposed that the deposit will be mined from open pit mining to 60 tons of ore per day.
