Wednesday, September 1, 2010

NovaGold (AMEX:NG) Names Gerry McConnell New Chairman

NovaGold Resources Inc. (AMEX:NG) announced it has named Gerry McConnell as the new chairman of the board.

Chief executive officer and president Rick Van Nieuwenhuyse remains in his position, and continues on as a member of the board, which includes the feisty and interesting Marc Faber.

Van Nieuwenhuyse said on the appointment of McConnell, "I am pleased that Gerry has accepted this appointment as Chairman of the Board. Gerry's legal background and extensive knowledge of the mining business and our projects makes him the ideal candidate to manage the Board activities that help guide the company. NovaGold's Board of Directors and employees are committed to adding value for shareholders as we advance our world-class portfolio of projects."

NovaGold's assets are all based in North America, and include the Donlin Creek project in Alaska and the Galore project in British Columbia.

Barrick Gold (NYSE:ABX) is a partner in Donlin Creek, while Teck Resources (NYSE:TCK) is a partner in Galore.

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