Viceroy eyes Rock Creek

Viceroy Resources (VOY-T) has taken a shine to the Rock Creek gold property in the Nome mining district of Alaska.

The Vancouver-based junior can earn a 51% interest in the property from NovaGold Resources (NRI-T) by spending US$5 million on exploration over three years. A further 14% can be acquired in exchange for US$2 million in cash, US$3 million in exploration expenditures and completion of a prefeasibility study over three years.

Rock Creek covers 50 sq. km of ground next to NovaGold’s Anvil Creek property. That property is under option to Kennecott Canada Exploration (T.N.M., JULY 19/99).

Previous operators at Rock Creek outlined several showings, as well as a separate deposit, hosting 9.2 million tonnes grading 2.54 grams gold per tonne, that may be amenable to conventional gravity separation and cyanidation techniques. Viceroy plans to follow up those results, initially by drilling and then by conducting further metallurgical tests.