NOVAGOLD(US:NG) Globenewswire·2025-09-08 21:05Core Insights - NOVAGOLD Resources Inc. has reported multiple high-grade gold intercepts from the 2025 Donlin Gold drill program, which supports resource conversion and growth objectives, positioning the project as one of America's largest gold mines [1][2][4] - The drill program has successfully intersected high-grade gold mineralization across various zones, providing critical data for engineering and mine planning, essential for advancing towards a Bankable Feasibility Study (BFS) [2][4][8] Drill Program Highlights - The 2025 drill program included 19 grid infill holes totaling 5,079 meters and 24 in-pit exploration holes totaling 10,370 meters, aimed at enhancing geological modeling and resource confidence [9][10] - Significant drill results include intervals such as 51.90 meters grading 3.77 g/t gold and 7.35 meters grading 23.49 g/t gold, confirming consistent mineralization across multiple zones [5][4] Strategic Developments - Following a $1 billion transaction with Paulson Advisers LLC, the drill program has pivoted to focus on resource conversion and geotechnical work to support the BFS, enhancing the project's scale and momentum [4][7] - A Request for Proposal (RFP) for the BFS has been issued to top-tier engineering firms, with selection expected in Q4 2025 [4][8] Community Engagement - The drill program reflects NOVAGOLD's commitment to responsible development, with local personnel from 19 Yukon-Kuskokwim villages hired to support drilling activities, emphasizing the project's role as an economic driver [12][13] - Engagement efforts extend across over 60 communities, focusing on health, safety, environment, education, and cultural preservation, aligning with NOVAGOLD's sustainability goals [14][15] Quality Assurance - The QA/QC procedures for the drill program were developed and managed by Donlin Gold, achieving approximately 97% core recovery, ensuring high-quality geological data [16][17]