NovaGold Resources

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"The Company is focused on permitting and developing its 50%-owned flagship property, Donlin Gold, one of the world's largest known undeveloped gold deposits. NOVAGOLD is also committed to maximizing value of its non-core assets and is currently exploring opportunities to sell its interest in the Galore Creek copper-gold-silver project in British Columbia, Canada. Its wholly-owned subsidiary, NovaCopper Inc., which held NOVAGOLD's interest in the Upper Kobuk Mineral Project, located in the Ambler District, was spun out to shareholders of NOVAGOLD on April 30, 2012.

"As envisioned, NOVAGOLD is now a well-financed, jurisdictionally secure Company well on its way to becoming a pure gold play exclusively focused on the advancement of Donlin Gold.

"Donlin Gold, which is equally and jointly held with Barrick Gold Corporation — the world's largest gold company — is a uniquely attractive asset. In terms of the combined size, grade, exploration potential, production profile and jurisdiction, it is quite possibly the most important gold development project in the world today. "[1]

Thomas S. Kaplan's "conviction about gold puts him in the company of such celebrated figures as George Soros and John Paulson, both of whom have been betting heavily on the yellow metal (and have invested alongside Kaplan in Vancouver-based mining company NovaGold Resources (NG)). " [1][2]

Board

Accessed March 2013: [2]

Contact

Web: http://www.novagold.com

Resources and articles

Related Sourcewatch

References

  1. NovaGold Resources Corporate, organizational web page, accessed March 30, 2013.
  2. NovaGold Resources Board, organizational web page, accessed March 30, 2013.