Novo Resources Corp.

Novo Resources Corp. is pleased to announce that it has recovered 562.25 grams of natural coarse gold from a large, 413.6 cubic metre, bulk sample at its Egina gold project, Western Australia. In addition, recent exploration work has led to the discovery of new terrace gravels yielding coarse gold. Highlights Bulk sample 6A, a 413.6 cubic metre bulk sample collected at the Egina mining lease late last year, yielded 562.25 [...]

Novo Resources Corp. has recently conducted laboratory-scale mechanical sorting tests on Beaton’s Creek bulk sample material at Steinert Global’s Bibra Lake and Canning Vale testing facilities in Perth, Western Australia. Initial test results are discussed in this news release. Highlights: Nuggety gold occurring in Beaton’s Creek conglomerates is finer grained than gold at Novo’s Egina and Karratha [...]

Novo Resources Corp. reports the issuance of incentive stock options to certain directors, officers, employees, and consultants to purchase up to 6,165,000 common shares in the capital of the Company pursuant to its stock option plan. The options are exercisable on or before January 16, 2025, at an exercise price of CAD$3.57 per share. The options are subject to certain vesting conditions. “Novo is at a seminal [...]

Novo Resources Corp. is pleased to announce that it has subscribed for 10 million units of Kalamazoo Resources Ltd. at AUD $0.40 per Unit. Eric Sprott, a director of Novo, has also subscribed for an identical amount. Each Unit is comprised of one Kalamazoo ordinary share and one whole unlisted option. Each Warrant will entitle the Company to purchase one additional ordinary share of Kalamazoo at a price of AUD $0.80 per [...]

Novo Resources Corp. reports the appointment of Mr. Yoshikazu Ishikawa as a director of the Company, replacing Mr. Greg Gibson who has resigned. Mr. Ishikawa is currently the General Manger of the Non-Ferrous Metals Business Department in Sumitomo Corporation of Tokyo, Japan, and joined Sumitomo in 1992. Mr. Ishikawa has been involved with numerous large-scale global mining projects including the Batu Hijau copper and [...]

Novo Resources Corp. is pleased to announce that its Annual General Meeting of shareholders was held in Vancouver, British Columbia, Canada on December 18, 2019 at which all resolutions were passed, being: the re-election of the incumbent directors of the Company, being Michael Barrett, Greg Gibson, Quinton Hennigh, Rob Humphryson, Akiko Levinson, and Eric Sprott; the re-appointment of EY Australia, appointed as auditor [...]

Novo Resources Corp. is pleased to announce recent exploration has revealed extensive new areas of gold-bearing terrace gravels at its Egina gold project, Pilbara, Australia. Recently completed heritage surveys provide access to multiple new target areas. Initial results from mechanical sorting test work on bulk samples of Egina gravel at Steinert Global prove very encouraging. Highlights: Recent exploration activities [...]

Eric Sprott announces that, on December 5, 2019, he donated 5,686,276 common shares of Novo Resources Corp. to The Sprott Foundation resulting in a decrease in beneficial holdings of approximately 3.2% of the outstanding common shares. Prior to the donation of common shares, Mr. Sprott beneficially owned and controlled 23,378,730 Shares and 400,000 common share purchase warrants representing approximately 13.1% of the [...]

Novo Resources Corp. is pleased to announce it has received gold assay results from the sub 1 mm fraction from bulk samples from its Egina gold project, Pilbara, Australia. Highlights: Complete gold results, both over 1 mm and sub 1 mm, for 26 bulk samples are reported in the nearby table . Sub 1 mm assays for three samples, EGBS001, EGBS 002 and EGBS003, are awaited. Table tailings and tailings from the IGR3000 were not [...]

Novo Resources Corp. is pleased to announce it is planning mechanical sorting test work on multi-tonne samples of gold-bearing conglomerate from its Beatons Creek project and gold-bearing gravels from its Egina project with Australia’s two major mechanical sorter proponents, Steinert Global and TOMRA. Mechanical sorting of small particles of gold is seen as a potentially important breakthrough for Novo and its [...]