09:50 AM EST, 11/25/2025 (MT Newswires) -- Novagold Resources ( NG ) said Tuesday the final assay results from the 2025 Donlin Gold drill program in Alaska showed "high-grade intercepts, across multiple zones."

Novagold Chief Executive Greg Lang said the drill program exceeded expectations and supplied data points for a Bankable Feasibility Study, which is expected to start by Q1 2026.

Additionally, the company said it has obtained a favorable ruling from the Alaska Supreme Court affirming both the Donlin Gold project's water rights and the Department of Natural Resources' approval of the State ROW lease for its proposed natural gas pipeline.

The company also said Donlin Gold was accepted into the Federal Permitting Improvement Steering Council's FAST-41 program. The move is an "important step" for conducting a supplemental environmental analysis requested by the US District Court for the District of Alaska, the company said.

Novagold shares were 1.2% higher in recent trading.

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