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Monday, March 22, 2010

NovaGold Resources (TSE:NG) Increases Reserve Estimates for Donlin Creek

NovaGold Donlin Creek Gold Project

NovaGold Resources (TSE:NG) has increased it reserve/resource estimates for the Donlin Creek Gold Project by 4.3 million ounces, according to a release from the company.

Jointly owned by Barrick Gold and Novagold, the Donlin Creek Project now has an estimated 33.6 million ounces of gold on the property.

The 50 percent interest of NovaGold in the project includes 16.8 million ounces of gold reserves, 2.2 million ounces of inferred gold resourses, and 2.1 million ounces of measured and indicated gold resources.

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