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NovaGold Up 1% As Discovers 700-Meter Legacy Zone at Galore Creek Drilling

NovaGold Resources Inc. (NG.TO) announced the results of a 27,873-meter resource in-fill and geotechnical drilling program conducted during 2012 on its 50%-owned Galore Creek project in northwestern British Columbia, Canada.

Greg Lang, CEO, said: "...2012 drilling at Galore Creek led to the discovery of the new Legacy zone located in close proximity to the projected pit. With these positive drill results, we are now well positioned to update our reserves and resources and further improve the overall economics of this project."

NG was up 1% to $4.11, trading near year low $3.66.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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