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News  ›  GlobeNewswire Inc.

NOVAGOLD Announces Appointment of Project Director to Lead Advancement of the Donlin Gold Project

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Novagold Resources Inc.
NOVAGOLD Announces Appointment of Project Director to Lead Advancement of the Donlin Gold Project

NOVAGOLD announced the appointment of Frank Arcese as Project Director for Donlin Gold LLC, bringing over 40 years of global mining project leadership. Arcese will oversee project planning and execution strategy as the company advances toward launching a Bankable Feasibility Study. The Donlin Gold project, located in Alaska and owned 60% by NOVAGOLD and 40% by Paulson Advisers, is one of the world's largest gold deposits with approximately 39 million ounces of gold.

Insights
BIPpA   neutral

The partnership is part of the equity program and expects to maintain generally unchanged unit and share outstanding levels


NG   positive

The appointment of an experienced project director with a strong track record in delivering major mining projects on time and on budget signals progress toward development. The company is advancing the Donlin Gold project toward a critical feasibility study phase, demonstrating operational momentum and strengthened execution capabilities.