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NovaGold Resources Inc.
Summary
| Project: | Donlin | |
|---|---|---|
| Deposit: | Donlin | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-2-2018: NovaGold Resources Inc. announces an Exploration/Drilling Update report for its Donlin deposit at the Donlin project. Drilling results incl. 130.5m @ 5.93g/t Au from 205m. February 20, 2018 - Vancouver, British Columbia – NOVAGOLD RESOURCES INC | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gordon Siebel (Internal) | |
| ABSTRACT: | February 20, 2018 - Vancouver, British Columbia – NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) today released the 2017 drill results for its flagship Donlin Gold project in Alaska, which is owned equally by NOVAGOLD and Barrick Gold Corporation (“Barrick”). The results from this drill program continue to substantiate the unique value proposition that Donlin Gold represents for both owners. With a better understanding of the targeted mineralized zones, the new data will provide valuable inputs to advance optimization work. “We are very encouraged by the latest drill results at Donlin Gold, some of which encompassed areas where relatively little drilling had been previously done,” said Barrick President Kelvin Dushnisky. “The results are further evidence of the significant potential of this deposit. We look forward to continuing to collaborate closely with our partner, NOVAGOLD, to advance optimization work and permitting at this unique project.” Greg Lang, NOVAGOLD’s President and Chief Executive Officer, added the following: “Donlin Gold’s latest drill results are better than expected, further demonstrating the incredibly robust quality of this exceptional project. Beyond the distinctly significant high-grade intercepts encountered within the reserve pit, we are also excited by the high grades identified outside the planned pit boundaries. With a history of growth through drilling, these results are indeed indicative of the exceptionally strong resource potential that exists at Donlin Gold. These results will be incorporated in the upcoming project optimization work being carried out by the two owners. We can say with conviction that these are some of the finest intercepts any gold company has produced recently - and in any jurisdiction1 . | |
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