Novo Resources Corp. is pleased to announce that it has entered into two property transactions in the Egina region of Western Australia. Farno McMahon Share Purchase Agreement The Company entered into a share purchase agreement whereby the Company will acquire 100% of the issued and outstanding shares of Farno-McMahon Pty Ltd , an Australian proprietary limited exploration company . Farno holds a 100% interest in four key [...]
Novo Resources Corp. is pleased to announce that it has finalized the outstanding components of a transaction with Mark Gareth Creasy and entities controlled by him . As a result, Novo now has: four joint ventures with the Creasy Group under which it has earned a 70% interest in the “gold rights” relating to the Nullagine and Marble Bar properties. Nullagine Gold Pty. Ltd. is entitled to become a 70 [...]
Novo Resources Corp. is pleased to announce that recent surface mapping and trenching indicates the upper gold-bearing conglomerate at Comet Well appears continuous with the basal gold-bearing conglomerate at Purdy’s Reward , a current explored strike of approximately 3.4 km. These gold-bearing conglomerates remain open along strike to the northeast and southwest and down dip to the southeast into the Fortescue [...]
Novo Resources Corp. is pleased to announce that its President and Chairman, Dr. Quinton Hennigh, will be presenting at the Diggers & Dealers Mining Forum at 12:20PM AWST on August 8, 2018 in Kalgoorlie, Western Australia. Dr. Hennigh will be discussing the Company’s exploration plans, specifically in the Karratha region of Western Australia. A copy of Dr. Hennigh’s presentation will be posted to the [...]
VANCOUVER, British Columbia, July 27, 2018 -- Novo Resources Corp. is pleased to announce that it has finalized the purchase of one-half of a 1% net smelter returns royalty on the Company’s Comet Well property in the Karratha region of Western Australia , as described in the Company’s news release dated July 16, 2018. Completion of the Acquisition was subject to TSX Venture Exchange approval which has been [...]
VANCOUVER, British Columbia, July 16, 2018 -- Novo Resources Corp. is pleased to announce that it has exercised its right of first refusal to purchase one-half of a 1% net smelter returns royalty on the Company’s Comet Well property in the Karratha region of Western Australia . The Company is exercising its ROFR and matching the terms of an offer made by International Prospect Ventures Ltd. to the holder of the NSR [...]
VANCOUVER, British Columbia, July 10, 2018 -- Novo Resources Corp. is pleased to announce that Ngarluma Aboriginal Corporation has now signed a heritage agreement that includes 37 exploration license applications covering 6,645.4 square kilometers in the West Pilbara region of Western Australia . The heritage agreement sets out the protocols under which heritage surveys are conducted. In addition, the execution of this [...]
VANCOUVER, British Columbia, June 28, 2018 -- Novo Resources Corp. is pleased to announce that the upper gold-bearing unit at Comet Well displays strong continuity in outcrop and drilling. Approximately one month ago, Novo confirmed the discovery of an upper gold-bearing conglomerate at Comet Well. Recent mapping along the outcropping upper gold-bearing conglomerate has confirmed a very close spatial association between [...]
VANCOUVER, British Columbia, June 25, 2018 -- Novo Resources Corp. is pleased to announce that it has agreed to an AUD $5.4 million exploration budget for the year beginning July 1, 2018 with its 50-50 joint venture partner, ASX-listed Artemis Resources Ltd., on joint venture tenure in the Karratha region of Western Australia. During the first four months of the Period, Novo and Artemis intend to focus on bulk sampling [...]
VANCOUVER, British Columbia, May 31, 2018 -- Novo Resources Corp. is pleased to provide results for the first two bulk samples from Comet Well, part of Novo’s greater Karratha Gold Project located in the Pilbara region of Western Australia. Sample KX157, a 7.143 tonne bulk sample previously reported to contain numerous gold nuggets , returned an impressive grade of 10.4 grams per tonne gold . Sample KX158, a 6.853 [...]
VANCOUVER, British Columbia, May 11, 2018 -- Novo Resources Corp. reports that it has conditionally agreed to lift the remainder of a twelve-month contractual hold period in order to permit the purchase by Kirkland Lake Gold of 4 million Novo common shares which were issued to Artemis Resources in August 2017 . Novo has been informed that the share transfer is expected to close by the end of this month. “Novo is [...]
VANCOUVER, British Columbia, April 25, 2018 -- Novo Resources Corp. is pleased to provide an update of processing of bulk samples from Comet Well, part of Novo’s greater Karratha gold project located in the Pilbara region of Western Australia. During bulk sample processing, rock is first crushed and screened, and the minus 6.0 mm plus 2.5 mm fraction is fed through a conveyor fitted with a metal detector so that [...]
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