Rock Talk 2023 Presentation

Galore Creek is currently conducting a comprehensive Prefeasibility Study planned to be completed in late 2024. The updated study will inform a major regulatory process, planned to be initiated in Q4 2024 to assess and incorporate proposed Project changes. Some highlights from this year’s operational season include:
• The field operations team completed 20,000 metres of drilling, focused on advancing geotechnical, metallurgical and resource development studies.
• In addition to drilling, the team completed a geotechnical test pit program, geophysical surveys, and drone orthophotography to characterize surficial materials for mine infrastructure placement and construction.
• Advancement of our environmental baseline data collection and studies throughout the season ensuring our wildlife, fish and aquatics, water and ecosystems data remains up to date and informs Project design.
• Undertook road improvement activities on the existing Galore Creek access road west of Hwy 37, targeted to improve challenging sections to ensure safe and reliable access.
The Project team continues to collaborate and align with Tahltan Nation through regular technical working sessions with the Tahltan Central Government.
Galore Creek is focused on responsible Project development. Through the Prefeasibility Study and beyond we strive for continuous, collaborative engagement with Tahltan as we incorporate Knowledge, interests, and values into the updated design.
The Galore Creek Project is located in NW British Columbia, within Tahltan Territory approximately 110km southwest of Dease Lake. The Project is accessible from the Galore Creek access road, located just north of Bob Quinn Airstrip on HWY 37.
The Galore Creek Project has a partially constructed access road and camps to support field activities and Project construction.
In the mid-1950’s, mineralization was discovered at Galore Creek by geologists exploring in the region. From the 1950’s through to the 90’s extensive exploration work was carried out by major mining companies. In 2003 NovaGold acquired the property from Stikine Copper, completed a feasibility study, and received an Environmental Assessment Certificate in 2007. Construction was initiated on the road and tunnel at several headings prior to the Project being put on care and maintenance in late 2007.
The 2011 Prefeasibility Study envisioned a large-scale open-pit copper-gold-silver mine with a processing plant with a nominal capacity of 95,000 tonnes of ore per day (34.6 million tonnes per year) with an approximate 18-year mine life at that rate.