Galore Creek Copper/Gold Project
Novagold Resources Inc.
Once in production, as envisioned by the Pre-Feasibility Study, Galore Creek is expected to be the largest and lowest cost copper mine in Canada. The project is owned 50% by Teck Resources and 50% by NOVAGOLD. NOVAGOLD is evaluating opportunities to sell part or all of its interest in Galore Creek to focus on its flagship asset Donlin Gold.
About This Project
Located in northern British Columbia, Galore Creek is one of the world’s largest undeveloped copper-gold-silver deposits, owned equally by wholly-owned subsidiaries NOVAGOLD and Teck Resources. All aspects of the project are overseen by the Galore Creek Mining Corporation (GCMC), a jointly controlled operating company. Since acquiring Galore Creek in 2003, NOVAGOLD’s exploration team has more than tripled the size of the project’s resource base. A Pre-Feasibility Study was filed on September 12, 2011 incorporates a mining and operating facility processing on average 84,000 tonnes of ore per day, with a nominal 95,000 tonne-per-day capacity. The Galore Creek resource estimate totals measured and indicated resources of 8.9 billion pounds of copper, 8.0 million ounces of gold and 136 million ounces of silver, with additional inferred resources of 3.2 billion pounds of copper, 2.7 million ounces of gold and 47.7 million ounces of silver.
With an office in Smithers, the project has received a high level of support from local communities, First Nation groups and the British Columbia Government. In February 2006, NOVAGOLD entered into a comprehensive Participation Agreement with the Tahltan Nation, ensuring collaboration between both parties for mine planning, mine operation and environmental protection. GCMC, NOVAGOLD and Teck continue to work closely with the Tahltan Nation to create local benefits that bring tangible, long-lasting advantages to surrounding communities.
More Information Online
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