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 are situated at approximately 62-degree North latitude and 158-degree West longitude, which is 450 kilometers (km) west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The project is held by Donlin Gold LLC (Donlin Gold), which is owned 50% by the Company's wholly owned subsidiary, NOVAGOLD Resources Alaska Inc., and 50% by Barrick Gold Corporation's wholly owned subsidiary, Barrick Gold U.S. Inc.

TSX:NG - Post by User

NovaGold Resources Ord Shs

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Comment by marnesueon Sep 28, 2006 11:00pm

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Post# 11437430

RE: Venting etc

FOR THE UMPTEENTH TIME, PSM DOES NOT OWN THE SURFACE RIGHTS TO THE GRACE PROPERTY. NG DOES NOT NEED PSM'S PERMISSION TO USE THE SURFACE OF THE GRACE PROPERTY FOR A TAILINGS DUMP. THE DECISION TO USE THE SURFACE OF THE GRACE PROPERTY AS A TAILINGS DUMP RESTS ENTIRELY WIT THE BC GOVERNMENT AND THERE IS A HIGH PROBABILITY THAT THEY WILL GRANT NG THIS RIGHT.

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