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NovaGold Mobilizes Drill Rig to Marifil's San Roque Project

NovaGold Resources has informed Marifil Mines that is moving a drill rig to the San Roque project in a few days.

The area of the San Roque project is approximately 70,000 ha. The area encloses a huge base metal and precious epithermal sulphide system, which is situated in Argentina’s Rio Negro Province. This project is located 65 km from a dock at the Atlantic shore in an outstanding infrastructure region. Gold, indium, lead, silver, zinc and traces of molybdenum are present in the complex sulphide system.

In April 2011, NovaGold has completed phase I diamond drill program at the San Roque property. 15 HQ diamond drills have examined three target regions. The DDHMSR-0009 hole and Zone 33 have given the most excellent results, though all the three regions contain geographically large mineralization. The company has intersected 1.00 g/t gold, 32.70 g/t indium, 0.41% lead, 9.5 g/t silver, 9.5 g/t, 1.77% zinc or 2.66 g/t gold equivalent over 150 m in the hole DDHMSR-0009.

Recently, NovaGold has performed a geophysical survey at the Zone 33, which includes dipole-dipole induced polarization (IP) for approximately 15 line-km.

NovaGold will commence phase II diamond core drill program at Zone 33. It has scheduled to drill HQ size core with a length measuring from 3,500 to 5,000 m, totaling around 15-20 drill holes, at the Zone 33 and the geophysics campaign has outlined the contiguous targets.

Source: http://www.marifilmines.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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