NovaGold Resources Inc. has extended the timeline for selling its 50 per cent stake in the Galore Creek project by three months to the first quarter of 2013. The company said it was in talks with several groups and decided to extend the time because of additional interest in the B.C. project that it shares with Teck Resources Ltd. However, if it does not receive a rich enough offer, NovaGold plans to withdraw the property from sale and reduce activity on the project until market conditions improve.
