NovaGold sheds Rock Creek property near Nome

Associated PressJune 13, 2012 

NovaGold Resources Inc. is shedding a Nome property as it focuses solely on a proposed mine in Southwest Alaska.

KYUK reports the company is transferring its Rock Creek property outside Nome to an Alaska Native corporation. Bering Straits Native Corp. owns subsurface land rights in the region.

A written statement from NovaGold says this will allow it to continue efforts to focus exclusively on the Donlin Gold project near Crooked Creek. The company says the transfer will save it $14 million this year earmarked for closure expenditures at Nome.

NovaGold said there are proven and probable reserves of nearly 34 million ounces at the Donlin site.

Anchorage Daily News is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service