{"id":1194319,"date":"2020-07-07T12:01:23","date_gmt":"2020-07-07T17:01:23","guid":{"rendered":"https:\/\/www.mining.com\/?p=1028969"},"modified":"2020-07-07T12:01:23","modified_gmt":"2020-07-07T17:01:23","slug":"novagold-sues-j-capital-research-for-defamation","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1194319","title":{"rendered":"Novagold sues J Capital Research for defamation"},"content":{"rendered":"

Novagold (NYSE, TSX: NG) announced on Tuesday<\/a> that it had served short-seller J Capital Research USA (JCAP) with a civil action lawsuit for defamation in the United States District Court for the Eastern District of New York. <\/p>\n

The company alleged that on May 28, JCAP issued a “report” on
Novagold that contained false and misleading statements as part of what the company believes to be a “short and distort” attack.<\/p>\n

\n
\n

Novagold and Barrick have reopened the Donlin camp last month following a two-month due to the covid-19 pandemic<\/p>\n<\/blockquote>\n<\/figure>\n

J Capital Research accuses managers <\/a>of the Vancouver-based explorer of \u201csystematically\u201d misleading investors about its proposed Alaska gold mine over the last 15 years.<\/p>\n

NovaGold and Barrick’s Donlin project, with measured and indicated resources of about 39-million ounces of gold is considered one of the largest open pit gold deposits in Alaska. <\/p>\n

JCAP, a company founded in China a decade ago which usually targets overvalued media and tech companies for short-selling, says the Donlin Gold project \u201cwill never be built\u201d and \u201cin short, is a stock promote, not a mining plan.\u201d<\/p>\n

Drilling at Donlin<\/h2>\n

Novagold and Barrick have reopened<\/a> the Donlin camp last month following a two-month due to the covid-19 pandemic.<\/p>\n

Four drill rigs have been remobilized at the project, Novagold says.<\/p>\n

The company anticipates that most of the planned program, aimed at confirming recent geologic modeling concepts and testing potential extensions of high-grade zones, will be completed by year-end. <\/p>\n

The 2020 drill program consists of approximately 80 holes totalling about 22,000 metres centered on the ACMA and Lewis resource areas.<\/p>\n

Midday Tuesday, Novagold\u2019s stock was up 4.25% on the TSE. The company has a C$4.28 billion market capitalization.<\/p>\n","protected":false},"excerpt":{"rendered":"

JCAP had accused Vancouver-based explorer of “systematically” misleading investors about its Donlin project in Alaska.<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[2849,949,369,2640],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1194319"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1194319"}],"version-history":[{"count":4,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1194319\/revisions"}],"predecessor-version":[{"id":1194355,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1194319\/revisions\/1194355"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1194319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1194319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1194319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}