NovaGold Resources Inc - Company Profile
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Business Description
NovaGold Resources Inc (NovaGold) is a mining company. It carries out exploration and development of gold mineral properties. The company's main project is the Donlin Gold project in Alaska, USA, which is jointly owned with Barrick Gold. The Donlin Gold project is in the Kuskokwim Gold Belt of Southwest Alaska, approximately 10 miles north of the village of Crooked Creek. The project is held by Donlin Gold, a limited liability company that is owned 50% by NovaGold and 50% by Barrick Gold. The Donlin Gold deposits are situated approximately 450 km west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The property is located on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The property hosts a gold deposit currently estimated at 33.8 million ounces of proven and probable mineral reserves averaging 2.09 grams per ton. Donlin Gold holds 493 State of Alaska mining claims covering 29,008 hectares.
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