VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/28/13 -- NOVAGOLD RESOURCES INC. (TSX: NG)(NYSE MKT: NG) is pleased to announce that it has appointed Richard Williams as Vice President Engineering and Development, effective April 1, 2013. Mr. Williams will be responsible for all aspects related to the engineering and technical advancement of the Company's flagship Donlin Gold Project in Alaska and Galore Creek Project in British Columbia.
Mr. Williams spent over 30 years with Barrick Gold developing and operating major mines, with a particular focus on the design and implementation of the pressure oxidation technology planned to be used to process ores at Donlin Gold. Most recently, he served as Project Director of the Pueblo Viejo operation in the Dominican Republic where he played a key role in designing and constructing four of the largest autoclaves in the world. At Pueblo Viejo, Mr. Williams also spearheaded the successful commissioning and start-up of one of the world's most complex integrated gold processing facilities which, in addition to the autoclaves, included silver and base-metal recovery circuits. Mr. Williams' seven year tenure at Pueblo Viejo capped a progressively responsible career which included the design, construction and operation of mineral processing facilities of major mines such as Goldstrike in Nevada and Mercur in Utah. He holds a Bachelor of Science Degree in Chemical Engineering from Trinity University in San Antonio, Texas and is a Member of the American Institute of Mining, Metallurgical, and Petroleum Engineers.
"Having recently completed the successful development and construction of one of the world's largest and newest gold mines, Richard has an unparalleled track record of achievement in all facets relating to the design, construction and operation of state-of-the-art mineral processing facilities," said Gregory Lang, NOVAGOLD's President and Chief Executive Officer. "His experience at Pueblo Viejo is directly relevant to Donlin Gold as there are many common reference points between the two projects. Donlin Gold will benefit immensely from Richard's exceptional expertise in project development and autoclave technology. With Richard's appointment, we have completed the formation of the new leadership team at NOVAGOLD."
NOVAGOLD is a well-financed precious metals company engaged in the exploration and development of mineral properties in North America. Its flagship asset is the 50%-owned Donlin Gold project in Alaska, one of the safest jurisdictions in the world. With a total of approximately 34 million ounces(1) of gold in the Proven and Probable reserve categories (505 million tonnes at an average grade of approximately 2.1 grams per tonne), Donlin Gold is regarded to be one of the largest, and most prospective known gold deposits in the world. According to the updated Feasibility Study, once in production, Donlin Gold should average approximately 1.5 million ounces of gold per year for the first five years, followed by decades of more than one million ounces of gold per year on a 100% basis. The Donlin Gold project has substantial exploration potential beyond the designed footprint which currently covers only three kilometers of an approximately eight-kilometer strike length of the property. Permitting is underway for the Donlin Gold project, a clearly defined process expected to take 3-4 years. NOVAGOLD also owns 50% of the Galore Creek copper-gold-silver project located in northern British Columbia. According to the 2011 Pre-Feasibility Study, Galore Creek is expected to be the largest copper mine in Canada, a tier-one jurisdiction, when it is put into production. NOVAGOLD is currently evaluating opportunities to sell all or a portion of its interest in Galore Creek and would apply the proceeds toward the development of Donlin Gold. NOVAGOLD has a strong track record of forging collaborative partnerships, both with local communities and with major mining companies.
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