Wednesday July 30, 2014

subscription options


Print Edition»

  • Includes free
    digital edition
  • Digital Edition»

  • Print format with
    enhanced features!
  • QUESTION OF THE WEEK

    • What do you consider to be the 2013 Story of the Year?
    • B.C. election
    • 36%
    • TRU law school
    • 4%
    • Proposed Ajax mine
    • 43%
    • Jack Shippobotham death
    • 3%
    • Starving horses seized
    • 11%
    • Red Lake cold case
    • 3%
    • Total Votes: 1070





    Novagold says significant new zone at Galore Creek will expand B.C. project


    The corporate logo of NovaGold Resources Inc. is shown. THE CANADIAN PRESS/HO

    VANCOUVER - Novagold Resources Inc. (TSX:NG) says drilling has revealed a significant additional mineralized zone at the Galore Creek copper, gold and silver project in northwestern British Columbia.

    The Vancouver-based company says its 2012 drilling program found a previously undiscovered area, which it calls the Legacy zone, close to the mine's central pit.

    Novagold says it plans to continue drilling this year to get more information about the size of the Legacy zone, which is at least 700 metres long.

    Galore Creek has the potential to become Canada's largest and lowest-cost copper mine, according to the company.

    Novagold is developing Galore Creek through a 50-50 partnership with Teck Resources Inc. (TSX:TCK.B), one of Canada's largest mining companies.

    Teck shares traded at $32.02, up 26 cents, on the Toronto Stock Exchange as part of a general rally in Canadian resource stocks. Novagold shares gained five cents to $4.12.


    Comments


    NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

    The Kamloops Daily News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

    blog comments powered by Disqus



    Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy

    LOG IN



    Lost your password?