Risk and valuation analysis of the Ambler Project |
Status Risk : Advanced discovery |
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Title(s) of the Ambler Project |
| NovaGold Resources Inc Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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January 11, 2010 - Vancouver, British Columbia - NovaGold Resources Inc. (NYSE-AMEX: NG, TSX: NG) today announced that it has completed its purchase of 100% of the Ambler property, which hosts the high-grade copper-zinc-gold-silver Arctic deposit. |
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Location of the Ambler Project |
The Ambler property comprises 14,000 hectares (35,000 acres) of patented and State of Alaska mining claims, covering a major portion of the precious-metal-rich Ambler volcanogenic massive sulfide ("VMS") belt.
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Geology of the Ambler Project |
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Since VMS deposits are generally formed in clusters, the Arctic deposit is likely to be one of several VMS deposits occurring on the Ambler property. The Ambler VMS belt has been largely unexplored since the early 1980s, and NovaGold feels there is e more...
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