other material
confidence high
sentiment positive
materiality 0.70
Donlin Gold reports high-grade gold intercepts from 141-hole 2022 drill program; 2023 budget $34M
NOVAGOLD RESOURCES INC
- Final assay results include 17.20m at 11.11 g/t gold (4.25m at 36.91 g/t) in hole DC22-2130.
- Program of 42,331m completed ahead of schedule, under budget; results reconcile favorably with resource model.
- Permitting advances: air quality draft permit issued by ADEC; ADNR re-location plan finalized without appeal.
- Donlin Gold 2023 budget set at ~$34M (100% basis), funded equally by NOVAGOLD and Barrick.
- 11 Shared Value Statements signed with Y-K region villages; community support from Crooked Creek.