NovaGold Resources Inc. is a mineral exploration, development, and mining company. NovaGold has 50% ownership of two of the world’s largest known undeveloped gold and copper-gold deposits. These projects are; the 36 million ounce Donlin Creek gold deposit (50:50 NovaGold and Barrick) in SW Alaska, and the Galore Creek (50:50 NovaGold and Teck Cominco) copper-gold-silver deposit (12 million oz of gold, 203 million oz of silver and 13 billion lb of copper) in NW British Columbia. NovaGold also owns Rock Creek in the Nome mining district

Nome mining district

The Nome mining district, also known as the Cape Nome mining district, is a gold mining district in the U.S. state of Alaska. It was discovered in 1898 when Erik Lindblom, Jafet Lindeberg and John Brynteson, the "Three Lucky Swedes" , found placer gold deposits on Anvil Creek and on the Snake...

 near Nome, Alaska

Nome, Alaska

Nome is a city in the Nome Census Area in the Unorganized Borough of the U.S. state of Alaska, located on the southern Seward Peninsula coast on Norton Sound of the Bering Sea. According to the 2010 Census, the city population was 3,598. Nome was incorporated on April 9, 1901, and was once the...

. Rock Creek is currently on care and maintenance at the commissioning stage. Once in commercial production, it will produce approximately 100,000 ounces of gold a year. The Company is developing its projects in cooperation with the Alaska Native Regional Corporations

Alaska Native Regional Corporations

The Alaska Native Regional Corporations were established in 1971 when the United States Congress passed the Alaska Native Claims Settlement Act which settled land and financial claims made by the Alaska Natives and provided for the establishment of 13 regional corporations to administer those...

and Canadian First Nations groups in the regions that the Company operates. The Company generates $2-3 million in revenue per year from its Nome gold, gravel, and real-estate operations.