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NovaGold's Increase in Resources Precede Upgrade to Resources
NovaGold Resources Inc. (AMEX: NG) recently announced a significant increase in their copper, gold, and silver resources following completion of its 2006 drill season at Galore Creek. This increase is important as it demonstrates both the ability of the company’s exploration team and the likelihood of upgrading the classification of Measured and Indicated resources to Proven and Probable reserves with additional drilling and further study. The company plans to complete a minimum of 15,000 meters of drilling in 2007 at Galore Creek. See full report.
