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NovaGold Resources Inc. is focused on the Yukon and Alaska and doesn't have anything to do with Mexico at the moment. NovaGold has built one of the largest total gold resource bases of any exploration company - at more than 20.5 million ounces in four deposits. This includes the 23.1 million ounce Donlin Creek deposit (70% NovaGold/30% Placer Dome) which is now one of the largest undeveloped gold deposits in the world. In addition to Donlin, NovaGold is advancing three other million-ounce gold deposits in Alaska as well as, four early stage exploration properties in the Yukon Territory.

Novagold Resources Inc.  NRI   (TSE)

Koala Property, Chihuahua. Teamed up with Consolidated Magna Ventures via a special warrant financing and joint venture relationship on Koala Property, Chihuahua. Prior partner's interests in Koala are being purchased down to smaller positions. Minera Delta S.A. de C.V. and Xenolith Gold would reduce their interests from 15% to 55 each for cash. Had a 20% interest in 990 ha claim block located 80 km SW of Chihuahua. has rights to earn additional 25.9% in this 990 ha claim as well as 51% interest in adjacent 2 claims totaling 11,775.

CMH 1998-1999
GCN #37 23Feb98