NovaGold Resources
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NovaGold Resources Inc. (TSX: NG, AMEX: NG) is a leading exploration and development company with three of the world’s largest undeveloped gold and copper deposits located in Alaska and Western Canada. These projects include the 28.5 million ounce Donlin Creek gold deposit in Alaska, the Galore Creek copper-gold-silver deposit (14 million oz of gold, 156 million oz of silver and 12 billion lb of copper) in Northwestern British Columbia, the Ambler copper-zinc-gold-silver deposit (3.2 billion lb copper, 4.4 billion lb zinc, 64 million oz silver and 1 million oz gold) in Alaska and the Company’s 3.3 million troy ounce Nome Gold deposits. The Company’s first gold production is expected to begin in 2007 at 100,000 ounces annually and grow to over 700,000 ounces per year along with 2 million ounces of silver and 370 million pounds of copper by 2011-12. The Company is developing its projects in cooperation with the Alaska Native Regional Corporations and Canadian First Nations groups in the regions that the Company operates. The Company generates $2-3 million in revenue per year from its Nome operations and had $180 million in cash to develop its projects as of February 2006.
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