From Q3 report on Oct. 11th, 2012:


"During the Third 2012 Quarter, NOVAGOLD:

  • Completed the 2012 Galore Creek drilling program with results expected to be released in the coming months"
  • ...hmmmm, we haven't seen those drilling program results yet however I am willing to bet Teck has ;-)

"During the third fiscal quarter of 2012, NOVAGOLD continued to work on investigating opportunities to sell all or part of its 50% interest in Galore Creek, jointly and equally owned by NOVAGOLD and Teck Resources Limited. Discussions with several parties are ongoing and the timeline of the sales process has indeed been extended by a quarter to the first quarter 2013 due to the arrival of additional entrants into the process. If an attractive offer is made, we are prepared to sell our share of the asset. If the Company does not get an offer which is reflective of Galore Creek's inherent and, in our view, rising value, NOVAGOLD will not sell its interest ......"