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 Sep 09, 2011 10:46am

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Post# 19026346

RE: is it over? too much to build mine?

I doubt they'll put this on he back burner, they've been drilling up there since the 80's. This mine should produce a million oz's a year with production costs of ( my guess ) of $500 per oz. Lots of money to pay off the mine cost.
This resource of 40 million oz in the ground will be developed in my opinion.

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