VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2009) - NovaGold Resources Inc. (the "Company" or "NovaGold") (TSX:NG) (NYSE Alternext US:NG) is honoured to be the co-winner of the Thayer Lindsley Award at this year's PDAC mining conference in Toronto. This award recognizes an individual or a team of explorationists credited with a recent significant mineral discovery anywhere in the world.
This year's award is for the Donlin Creek gold deposit in Alaska. NovaGold Resources Inc., which is on the verge of completing a feasibility study and in preparation for beginning construction at the site, will share the Thayer Lindsley Award with Richard Garnett, who was technical director of the Anglo American subsidiary that began initial exploration at the site in the 1980s. The award recognizes the initial discovery and contributions for the understanding of the geologic controls for mineralization of the Donlin Creek deposit. The property is currently a 50-50 joint venture with NovaGold Resources Inc. and Barrick Gold Corporation.
"It is an honor to receive this award recognizing the significance of NovaGold's Donlin Creek deposit as a world class gold deposit and for recognizing the contributions made by all of the geologists who were a key part of its development." said Rick Van Nieuwenhuyse President & CEO, NovaGold Resources Inc.
NovaGold was honored at the PDAC Awards Dinner on March 2, 2009 at the Royal York Hotel. The Company is exhibiting at PDAC at booth #2243 at the Metro Toronto Convention Center - South Building.
About NovaGold
NovaGold is a growth-focused precious metals company with exploration, development and mining properties in Alaska and Western Canada. NovaGold has a 50/50 partnership on the Donlin Creek gold project in Alaska, one of the world's largest gold deposits, with Barrick Gold. The Company also has a 50/50 partnership on the Galore Creek copper-gold-silver project in British Columbia with Teck Cominco. NovaGold owns 100% interest in the Rock Creek, Big Hurrah and Nome Gold deposits in Nome, Alaska. NovaGold has one of the largest resource bases of any junior or mid-tier level producing gold company. NovaGold trades on the TSX and NYSE Alternext under the symbol NG. More information is available online at www.novagold.net or by e-mail at info@novagold.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995.
