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.

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NovaGold Resources Ord Shs

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Comment by philip57on Apr 08, 2007 6:32pm

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Post# 12567899

RE: Barrick statement makes you wonder!

You know Barrick they're all about ethics, nothing sleazy about the way they do business , does this mean another lowball offer soon ? I seem to recall them increasing spending and pulling people from other projects to speed up work at DC, now they want to flog it...or maybe not. Perhaps they know the courts will find in favor of Nova and if they can't be the operator they want out ? Time will tell.

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