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

Bullboard Posts

Comment by alixx11on Nov 20, 2008 9:54am

356 Views

Post# 15598290

RE: Teck News Release - revisited

OTTAWA, Nov 20 (Reuters) - Canadian miner Teck Cominco said on Thursdaythat it would slash spending, sell assets, withdraw from the Petaquilla copperproject in Panama and suspend dividend payments under a sweeping debt reductionplan.

Calling the measures "first steps," Teck said it was considering furtherasset sales and planned significant cuts to administrative, exploration, andresearch and development spending.

Full steam ahead for Galore? Doesn't seem like likely...

Always read the full NR...

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages