NOVAGOLD reports about the progress with permitting Donlin Gold and technical studies on Galore Creek. TNR Gold is developing Shotgun Gold project in Alaska and is looking for strategic partners to advance it.
NOVAGOLD:
NOVAGOLD Reports Excellent Progress in Permitting Donlin Gold With a 2015 Year-End Target Date to File Draft EIS While Maintaining a Robust Financial Position
- NOVAGOLD is fully aligned with its partner Barrick Gold Corporation ("Barrick") on Donlin Gold, with activities focused on advancing permitting and conducting optimization studies to evaluate opportunities to reduce initial owner capital
- NOVAGOLD's financial position at $157 million in cash and term deposits as of February 28, 2015, is sufficient to meet current obligations and advance the Donlin Gold project through completion of permitting
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 31, 2015) - NOVAGOLD RESOURCES INC. (TSX:NG)(NYSE MKT:NG) today released its first quarter financial results and updates for its flagship 50%-owned Donlin Gold project in Alaska and its 50%-owned Galore Creek copper-gold-silver project in British Columbia.
Details of the financial results for the three months ended February 28, 2015 are presented in the consolidated financial statements and quarterly report filed on Form 10-Q with the SEC that will be available on the Company's website at www.novagold.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless otherwise stated and all resource and reserve estimates are shown on a 100% project basis.
In the first quarter of 2015, NOVAGOLD achieved the following:
- Donlin Gold permitting advanced further with the submission of six cooperating agencies' comments on the initial draft Environmental Impact Statement (EIS) to the lead agency, the U.S. Army Corps of Engineers ("Corps"), who continue to anticipate publishing the draft EIS by year-end 2015
- Advanced other Donlin Gold major permit applications with state and federal permitting agencies such as air quality, water discharge and usage, pipeline plan of development, wetlands and dam safety
- Continued to sponsor, volunteer and participate in local community activities in Alaska and Northern British Columbia
- Iditarod Trail International Sled Dog Race, covering more than 1000 miles from Fairbanks to Nome, Alaska, taking place on a National Historic Trail with ties to mining
- Supporting Tahltan educational and healthy living initiatives
- Released the opening segment of a four-part video series on the way of life in Alaska - Yup'ik Language and Culture - Taking a look into the remote communities based in the Yukon-Kuskokwim region, where the Donlin Gold project is located, and the importance of subsistence living and traditional lifestyles
- Advanced the Galore Creek technical studies in project mine planning and design with its partner Teck Resources Limited, to further improve its value and marketability
President's Message:
TNR Gold: Shotgun Gold Project Development in Alaska.
"Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."
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