* Copper Canyon Resources controls 40% of the Copper Canyon property
* NovaGold/Teck Cominco have earned a 60% interest in the Copper Canyon project, by completing C$3 million in exploration expenditures, issuing a total of 296,000 of NG shares and making property payments totalling C$250,000.
* NovaGold/Teck Cominco may earn an additional 20% interest in the project for a total of 80% by paying Copper Canyon Resources C$1 million and completing a feasibility study by October 1, 2011.