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 Alexspushkinon Nov 11, 2007 9:24pm

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Post# 13790918

RE: 50/50

Just a quick note here. NG was planning on doing drilling on the Copper Canyon last year but they needed to divert their drills back to the tailings site. They needed to prove, with additional drilling, that there was nothing under the tailings pond. This was mentioned in March 2007 conference call. Here are Rick's exact words: "Then of course we have the resource over at Copper Canyon which we didn't do a lot of drilling on last year because we diverted the drills over to do the additional condemnation work on the Grace property to get that part of the story wrapped up."

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