Bullboard - Stock Discussion Forum NovaGold Resources Ord Shs T.NG

Alternate Symbol(s): NG

Metals & Mining Gold

NOVAGOLD Resources Inc. is a precious metals company, which is focused on the development of its 50%-owned Donlin Gold project in Alaska. The Donlin Gold project is a development-stage gold project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The Donlin Gold deposits... see more

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NovaGold Resources Ord Shs > NEWS: Donlin Gold 2020 Q3 Update

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Post by BSdetector2016 on Oct 26, 2020 9:13am

NEWS: Donlin Gold 2020 Q3 Update

ANCHORAGE, Alaska, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Donlin Gold LLC, owned 50/50 by Barrick Gold Corporation (“Barrick”) (TSX: ABX) (NYSE: GOLD) and NOVAGOLD RESOURCES INC. (“NOVAGOLD”) (TSX, NYSE American: NG), is pleased to announce the successful completion of its 2020 85-hole drilling program totaling approximately 23,400 meters. The holes were drilled in both the ACMA and Lewis deposit areas of the Donlin Gold project.

Assay results for the first 25 holes (representing 30% of the length drilled) have been received to date, of which nine were previously released to the market on August 6.
Assay results show higher grades over thinner intervals compared to those predicted by previous modelling, particularly in sedimentary rocks.
The Donlin Gold team is wrapping-up site activities with the drill core being logged, cut, sampled, and shipped to assay laboratories. Site activities are now completed.

https://www.globenewswire.com/news-release/2020/10/26/2114266/0/en/Donlin-Gold-2020-Q3-Update-Drilling-Continues-to-Yield-High-Grade-Intercepts-and-Improve-Geological-Modeling.html

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