NovaGold Resources Inc.: Final 2005 Drill Results at Donlin Creek Continue to Confirm High Grade Mineralization.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- NovaGold Resources NovaGold Resources Inc. (TSX: NG, (AMEX:NG)) is a leading exploration and development company with three of the world’s largest undeveloped gold and copper deposits located in Alaska and Western Canada. These projects include the 28. Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :NG)(AMEX AMEX See: American Stock Exchange :NG) - Highlights - Final results received from 27,000 meter meter, unit of measure meter, abbr. m, fundamental unit of length in the metric system. The meter was originally defined as 1/10,000,000 of the distance between the equator and either pole; however, the original survey was inaccurate and the meter was later (88,000 ft) 2005 drill program targeted to upgrade inferred gold resources to measured and indicated gold resources, as well as complete geotechnical and condemnation Condemnation bell, book, and candle symbols of Catholic excommunication rite. [Christianity: Brewer Note-Book, 85] Bridge of Sighs passage from Doge’s court to execution chamber in Renaissance Venice. [Ital. Hist. drilling for mine planning - Results continue to confirm geologic ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. model and grades - Drill results highlights include: - DC05-1033 with 4 mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. intervals totaling 90.0 meters grading 6.4 g/t Au including 70.0 meters grading 7.4 g/t Au - DC05-1063 with 7 mineralized intervals totaling 103.4 meters grading 6.7 g/t Au including intervals of 12.0 meters grading 16.3 g/t Au and 20.7 meters of 7.9 g/t Au - DC05-1065 with 9 mineralized intervals totaling 258.2 meters grading 5.0 g/t Au including intervals of 25.0 meters grading 10.2 g/t Au, 29.7 meters of 7.1 g/t Au, and 65.9 meters of 5.8 g/t Au - DC05-1018 with 8 mineralized intervals totaling 277.5 meters grading 3.59 g/t Au including intervals of 64.7 meters grading 5.4 g/t Au and 28.3 meters of 5.9 g/t Au - Donlin Creek 2005 program anticipated expenditures of approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $US14 million for drilling, Pre-Feasibility engineering design and environmental baseline The horizontal line to which the bottoms of lowercase characters (without descenders) are aligned. See typeface. baseline - released version data collection 2005 Donlin Creek Infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. Program Update The NovaGold/Placer Dome dome, a roof circular or (rarely) elliptical in plan and usually hemispherical in form, placed over a circular, square, oblong, or polygonal space. Domes have been built with a wide variety of outlines and of various materials. Donlin Creek Joint Venture continues to advance the Donlin Creek gold project towards feasibility fea·si·ble adj. 1. Capable of being accomplished or brought about; possible: a feasible plan. See Synonyms at possible. 2. and permitting. The 2005 Donlin Creek work program has three key components: 1) a 27,000 meter (88,000 foot) drill program with 84 infill, geotechnical and condemnation core holes and 25 condemnation/geotechnical reverse circulation holes; 2) detailed engineering and design studies; 3) and preparation of baseline and environmental assessment data for submission Submission Elliott, Anne reluctantly gives up her fiancé on her family’s advice. [Br. Lit.: Jane Austen Persuasion in Magill I, 734] of permitting documents. Final assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. results for all remaining holes have now been received. Results from the initial 19 drill holes from the program were released on August 16th 2005 in a NovaGold press release. The primary focus of the infill drill program is to increase the 11.0 million ounce ounce, in zoology ounce, in zoology: see leopard. ounce, unit of measurement ounce: see English units of measurement. measured and indicated gold mineral resource by upgrading a portion of the existing 14.3 million ounce gold inferred mineral resource. The current drill program and sampling protocol were completed with oversight
Oversight may refer to:
American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Pease pease n. pl. pease or peas·en Archaic A pea. [Middle English; see pea. , General Manager, Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of Exploration and Global Major Projects for Placer Dome Placer Dome was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada. Barrick has acquired 100% of the Placer Dome shares on January 20, 2006, and has integrated the company into its own. . A rigorous quality control and quality assurance protocol was utilized on the project including blank Lacking something essential to fulfillment or completeness; unrestricted or open. A space left empty for the insertion of one or more words or marks in a written document that will effectuate its meaning or make it legally operative. and reference samples with each batch of assays. All drill samples were analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. by fire assay at Chemex Labs in Vancouver, BC, Canada. Final assay results, from both the Acma and Lewis deposits, are presented in Table 1 below. Composite composite, alternate common name for Asteraceae or Compositae, the aster family. composite - aggregate intervals were calculated by NovaGold based on the drill hole results provided by Placer Dome. Of particular note are drill holes: DC05-1033 with 4 mineralized intervals totaling 90.0 meters grading 6.4 g/t Au including 70.0 meters grading 7.4 g/t Au; DC05-1063 with 7 mineralized intervals totaling 103.4 meters grading 6.7 g/t Au including intervals of 12.0 meters grading 16.3 g/t Au and 20.7 meters of 7.9 g/t Au; DC05-1065 with 9 mineralized intervals totaling 258.2 meters grading 5.0 g/t Au including intervals of 25.0 meters grading 10.2 g/t Au, 29.7 meters of 7.1 g/t Au, and 65.9 meters of 5.8 g/t Au; and DC05-1018 with 8 mineralized intervals totaling 277.5 meters grading 3.59 g/t Au including intervals of 64.7 meters grading 5.4 g/t Au and 28.3 meters of 5.9 g/t Au. High grade mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. remains open at depth within the Acma and Lewis deposits. The results of the 2005 drilling are currently will be incorporated into new 3D rock type and alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. models for the Acma, Lewis and Akivik areas that will be used in an updated resource estimate expected in the first quarter of 2006. Highlights from continuing engineering studies include: completion and analysis of geotechnical and condemnation drilling, installation and data collection from wind monitoring instruments, and additional metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. test work including 14 tonnes of material shipped to PDI PDI Protein Disulfide Isomerase PDI Personal Docente e Investigador (Spanish: Personal Educational and Investigating) PDI Pre Delivery Inspection PDI Professional Development Institute lab in Vancouver for continuing bench and pilot test work. Environmental baseline work continues with additional habitat habitat Place where an organism or a community of organisms lives, including all living and nonliving factors or conditions of the surrounding environment. A host organism inhabited by parasites is as much a habitat as a place on land such as a grove of trees or an aquatic , fisheries fisheries. From earliest times and in practically all countries, fisheries have been of industrial and commercial importance. In the large N Atlantic fishing grounds off Newfoundland and Labrador, for example, European and North American fishing fleets have long and waste characterization A rather long and fancy word for analyzing a system or process and measuring its "characteristics." For example, a Web characterization would yield the number of current sites on the Web, types of sites, annual growth, etc. studies along with the on-going Adj. 1. on-going - currently happening; "an ongoing economic crisis" ongoing current - occurring in or belonging to the present time; "current events"; "the current topic"; "current negotiations"; "current psychoanalytic theories"; "the ship's current position" water quality studies in preparation for formal permit applications. About the Donlin Creek Project The Donlin Creek property contains a measured and indicated mineral resource estimated at 11 million ounces of gold, and an inferred mineral resource estimated at 14.3 million ounces of gold, making it one of the largest undeveloped gold resources in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Further information on tonnes and grade can be found on the Company's website at www.novagold.net/s/projectresources.asp. The Company's 70% interest in Donlin Creek is held through a joint venture with Placer Dome. Placer Dome became manager of the joint venture effective November November: see month. 2002 and can earn an additional 40% interest (bringing its total to 70% interest) in the joint venture by expending a minimum of US$32 million on the property, completing a bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. and making a positive construction decision on or before November 2007. A bankable feasibility study is a comprehensive analysis and assessment of a project economics used by the banking industry for financing purposes. About NovaGold NovaGold is a precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. company focused on the exploration and development of high quality mineral properties in Alaska Alaska (əlă`skə), largest in area of the United States but third smallest (exceeding only Vermont and Wyoming) in population, occupying the northwest extremity of the North American continent, separated from the coterminous United States and Western Canada
Western Canada, commonly referred to as the West . NovaGold is rapidly advancing three of North America's largest undeveloped gold and copper deposits: the Galore Creek copper-gold-silver project, the Donlin Creek gold project in partnership with Placer Dome, the Ambler project in partnership with Rio Tinto Rio Tinto may refer to:
Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. , and has one of the largest resource bases of any exploration or development stage precious metals company. More information is available online at www.novagold.net. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This press release contains forward-looking statements within the meaning of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, risks related to exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies; uncertainties about the availability of additional financing; uncertainties related to fluctuations in gold prices and other risks and uncertainties described in the Company's registration statement on Form 40-F and Reports on Form 6-K filed with the Securities and Exchange Commission. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Table 1. Summary of Significant Composited Intervals - 2005 Donlin Creek Infill Drilling Higher Grade Intervals greater than 4.0 g/t Highlighted in Bold. All significant intervals use a 1 g/t Au cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, with a maximum of 2 continuous internal waste samples and a minimum grade thickness thickness (thik´nes) a measurement across the smallest dimension of an object. triceps skinfold (TSF) thickness interval interval, in music, the difference in pitch between two tones. Intervals may be measured acoustically in terms of their vibration numbers. They are more generally named according to the number of steps they contain in the diatonic scale of the piano; e.g. of 10 gram meters for internal composites. Holes marked with (i) ended in mineralization.
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Drill Hole From (m) To (m) Width (m) Au (g/t)
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DC05-1018 31.00 54.56 23.56 2.84
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70.00 98.00 28.00 1.27
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123.50 152.30 28.80 4.15
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170.00 208.00 38.00 2.52
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236.86 263.00 26.14 2.63
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303.00 367.70 64.70 5.41
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398.68 427.00 28.32 5.88
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433.00 473.00 40.00 2.35
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Total 277.52 3.59
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DC05-1019 3.05 29.00 25.95 3.68
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143.00 153.00 10.00 1.90
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184.00 193.00 9.00 4.05
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253.65 285.00 31.35 3.67
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Total 76.30 3.49
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DC05-1020 3.66 9.75 6.09 15.40
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71.00 73.90 2.90 6.75
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83.40 90.62 7.22 3.93
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171.75 188.00 16.25 2.02
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206.00 228.00 22.00 2.63
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244.00 274.22 30.22 1.51
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Total 84.68 3.28
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DC05-1028(i) 11.00 33.00 22.00 2.74
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72.54 81.00 8.46 2.00
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142.00 176.00 34.00 2.88
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192.64 206.21 13.57 2.86
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261.76 268.00 6.24 2.83
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282.66 302.67 20.01 1.35
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Total 104.28 2.48
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DC05-1029 5.00 25.00 20.00 1.19
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35.00 45.00 10.00 1.27
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73.00 81.00 8.00 1.25
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161.00 174.56 13.56 2.43
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183.00 191.00 8.00 2.64
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197.00 215.00 18.00 5.20
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243.00 273.00 30.00 3.41
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283.00 299.00 16.00 1.88
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Total 123.56 2.64
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DC05-1030 38.04 64.00 25.96 3.65
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Total 25.96 3.65
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DC05-1032 39.01 51.00 11.99 1.11
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82.00 96.00 14.00 1.22
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108.00 114.00 6.00 1.70
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220.00 228.00 8.00 5.19
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281.00 320.53 39.53 3.09
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334.00 338.00 4.00 8.05
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Total 94.37 2.62
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DC05-1033 96.00 100.00 4.00 3.74
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112.00 123.00 11.00 2.55
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164.00 169.00 5.00 3.28
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278.00 348.00 70.00 7.39
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Total 90.00 6.41
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DC05-1035 134.00 156.00 22.00 3.55
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183.53 219.00 35.47 3.45
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226.00 234.48 8.48 5.29
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249.00 267.00 18.00 8.06
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Total 95.95 4.24
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DC05-1036 93.67 99.00 5.33 3.72
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147.00 160.38 13.38 3.67
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173.29 207.00 33.71 3.13
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Total 52.42 3.33
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DC05-1037(i) 45.00 65.00 20.00 4.15
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212.96 222.80 9.84 12.65
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Total 29.84 6.95
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DC05-1038 148.00 166.91 18.91 1.63
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189.00 197.69 8.69 2.06
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211.00 233.00 22.00 1.35
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243.00 261.00 18.00 1.59
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267.00 275.00 8.00 2.36
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Total 75.60 1.67
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DC05-1039 88.00 92.00 4.00 3.55
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104.00 108.00 4.00 2.83
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248.00 277.95 29.95 3.21
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Total 37.95 3.20
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DC05-1063 0.00 16.12 16.12 3.62
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32.00 44.00 12.00 16.30
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175.28 196.00 20.72 7.90
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201.00 222.08 21.08 6.31
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228.65 240.00 11.35 5.22
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283.85 288.00 4.15 6.99
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296.00 314.00 18.00 3.03
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Total 103.42 6.71
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DC05-1064(i) 22.83 36.00 13.17 5.12
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126.00 146.00 20.00 1.81
------------------------------------------------------------------
186.00 200.00 14.00 2.03
------------------------------------------------------------------
221.34 230.00 8.66 3.08
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240.00 248.41 8.41 2.40
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Total 73.39 2.59
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DC05-1065(i) 4.75 34.00 29.25 2.27
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90.00 103.91 13.91 10.00
------------------------------------------------------------------
109.41 122.24 12.83 1.61
------------------------------------------------------------------
124.43 125.33 0.90 15.47
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128.00 153.00 25.00 10.15
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159.33 189.00 29.67 7.06
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235.59 301.55 65.96 5.76
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333.00 356.00 23.00 2.04
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380.00 437.69 57.69 2.77
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Total 258.21 5.00
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DC05-1067 204.00 294.59 90.59 1.82
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302.00 390.00 88.00 4.07
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Total 178.59 2.93
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DC05-1068 92.80 115.00 22.20 2.70
------------------------------------------------------------------
121.00 149.23 28.23 4.47
------------------------------------------------------------------
206.00 216.00 10.00 7.81
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Total 60.43 4.37
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DC05-1069 6.00 42.00 36.00 3.43
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160.00 188.00 28.00 2.85
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272.00 282.00 10.00 1.96
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Total 74.00 3.01
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DC05-1070 44.00 68.00 24.00 2.32
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103.73 124.40 20.67 1.58
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196.28 209.50 13.22 1.77
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Total 57.89 1.93
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DC05-1071 51.34 82.00 30.66 6.12
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104.00 128.00 24.00 1.22
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Total 54.66 3.97
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DC05-1072 52.00 79.00 27.00 1.99
------------------------------------------------------------------
104.00 110.00 6.00 2.61
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130.00 150.00 20.00 2.79
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Total 53.00 2.36
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DC05-1073 8.37 16.00 7.63 5.83
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52.00 68.00 16.00 2.88
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112.00 118.00 6.00 3.19
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149.81 160.00 10.19 2.61
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Total 39.82 3.42
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DC05-1074 0.00 9.00 9.00 1.63
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136.00 140.31 4.31 3.23
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198.00 210.00 12.00 4.43
------------------------------------------------------------------
236.82 246.70 9.88 2.40
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Total 35.19 3.00
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DC05-1075 69.28 105.00 35.72 3.44
------------------------------------------------------------------
Total 35.72 3.44
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DC05-1076 116.53 129.53 13.00 2.94
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153.00 180.00 27.00 2.55
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189.00 196.00 7.00 3.50
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Total 47.00 2.80
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DC05-1078 67.73 79.00 11.27 1.60
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90.00 102.00 12.00 3.93
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146.00 152.00 6.00 7.86
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Total 29.27 3.84
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DC05-1081 108.27 112.00 3.73 4.53
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135.14 162.00 26.86 9.98
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Total 30.59 9.32
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DC05-1082 112.83 138.00 25.17 3.52
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147.00 156.00 9.00 3.17
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Total 34.17 3.43
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DC05-1087 73.83 104.00 30.17 3.74
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Total 30.17 3.74
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DC05-1088 35.00 67.00 32.00 2.73
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94.94 113.00 18.06 3.39
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121.00 133.00 12.00 3.48
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179.00 205.00 26.00 1.71
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Total 88.06 2.67
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DC05-1090 146.57 168.00 21.43 3.07
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180.00 190.00 10.00 5.04
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196.07 200.00 3.93 4.49
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206.00 215.00 9.00 1.86
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Total 44.36 3.40
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DC05-1091 60.00 68.00 8.00 5.17
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72.00 150.00 78.00 2.06
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Total 86.00 2.35
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DC05-1094(i) 49.00 59.00 10.00 2.11
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80.00 101.00 21.00 7.36
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111.56 141.73 30.17 2.08
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Total 61.17 3.90
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DC05-1095(i) 30.00 39.00 9.00 4.62
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86.00 92.00 6.00 2.01
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98.00 110.00 12.00 1.31
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124.00 139.96 15.96 2.88
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171.00 179.83 8.83 1.24
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Total 51.79 2.44
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DC05-1096(i) 66.00 88.00 22.00 3.28
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121.00 132.28 11.28 2.41
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Total 33.28 3.00
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DC05-1097 34.00 76.74 42.74 4.36
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82.00 93.35 11.35 3.69
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Total 54.09 4.22
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DC05-1098 144.00 164.00 20.00 4.58
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176.00 188.26 12.26 4.14
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280.00 289.16 9.16 2.31
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Total 41.42 3.94
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DC05-1099 14.50 24.00 9.50 1.60
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153.00 167.00 14.00 2.63
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173.00 177.50 4.50 5.63
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185.33 189.60 4.27 2.92
------------------------------------------------------------------
201.00 211.00 10.00 5.39
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217.00 233.00 16.00 4.46
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253.00 257.00 4.00 3.16
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271.00 275.00 4.00 6.86
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281.00 293.00 12.00 1.82
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Total 78.27 3.54
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DC05-1101 65.00 69.00 4.00 5.40
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129.00 155.00 26.00 2.68
------------------------------------------------------------------
172.00 185.00 13.00 3.74
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230.00 237.00 7.00 5.47
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Total 50.00 3.56
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DC05-1102 238.00 272.00 34.00 5.36
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278.00 286.89 8.89 3.10
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292.00 302.00 10.00 3.20
------------------------------------------------------------------
354.00 413.43 59.43 2.72
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446.00 452.00 6.00 3.00
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Total 118.32 3.56
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DC05-1103 7.45 14.00 6.55 2.17
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102.00 124.00 22.00 2.63
------------------------------------------------------------------
146.00 152.00 6.00 3.74
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315.00 321.00 6.00 3.31
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Total 40.55 2.82
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DC05-1104 46.99 91.00 44.01 3.99
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139.00 144.78 5.78 6.32
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169.99 176.00 6.01 11.00
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198.00 207.00 9.00 5.36
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276.00 288.00 12.00 1.47
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Total 76.80 4.48
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DGT05-1017 74.00 78.00 4.00 4.70
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114.74 118.00 3.26 13.29
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152.00 158.00 6.00 5.65
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367.00 371.00 4.00 10.86
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Total 17.26 8.08
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Note: Composite intervals are calculated based on drill hole data
provided by Placer Dome. True widths have not been
determined for the above intercepts but are believed to be
representative of actual drill thicknesses.
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