ALASKA Vancouver’s NOVAGOLD reports the start-up of mining activities at its new Rock Creek gold mine near Nome. At full production the mine will produce 100,000 oz of gold annually with life-of-mine cash costs estimated to be US$500/oz.
The Rock Creek mine is a year-round, truck and shovel, conventional open pit mining operation, designed to process 7,000 t/d using a gravity, flotation and CIL processes.
NovaGold’s Nome operations include the Rock Creek and Big Hurrah mine sites. The company believes there is potential to expand production at the Nome operations and extend the mine life beyond 10 years. Exploration in 2008 focused on further evaluation of the potential to develop the Saddle, Big Hurrah and Nome Gold targets, where resources have already been identified. Drilling around the pit margin at Rock Creek has shown positive results with new gold mineralization identified from ongoing work.
NovaGold is also working on the Donlin Creek gold project in Alaska and, with Teck (50%), the Galore Creek copper-gold project in British Columbia. Further information is available at www.NovaGold.com.