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Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (115)	1/3/2006 10:27:13 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 137

Amended Pequop Nevada Exploration Drilling Results Tue Oct 25, 2005 View News Release in PDF Format auexventures.com Amended NR05-8 AuEx Ventures, Inc. (AuEx) is pleased to announce the results from its initial round of reverse circulation drilling completed at the company's Pequop property located in Elko County, Nevada. The 12 square mile Pequop property contains several widely spaced, well-defined areas of Carlin style mineralization that have seen only limited, early stage drill evaluation. The Company's recently completed program consisted of 15 reverse circulation drill holes totaling 6,435 feet. Of these, 7 were drilled at the Long Canyon target area on the eastern portion of the property and 8 were drilled on the Acrobat and Juggler targets approximately 3 miles to the west of Long Canyon. Note the grades for Holes WN-053 and WN-054 have been corrected in this amended release. The Long Canyon target is approximately 5,000 feet long and up to 1,000 feet wide as defined by geologic mapping, grid soil geochemistry and rock chip sampling performed by the previous operator. In addition, they drilled 7 reverse circulation drill holes with 1 of these reporting 80 feet grading 0.072 ounces per ton gold with the other 6 holes containing no reportable values. Drilling performed by AuEx has been successful in confirming a new geologic interpretation that resulted in the discovery of new gold mineralization that appears to be the down dip extension of the recently reported surface mineralization found during chip channel road cut sampling by AuEx. All intercepts are reported as drilled; true widths have not yet been calculated. New intercepts at Long Canyon include: auexventures.com