HIGHLIGHTS Steinert KSS 100F LIXT fine mechanical sorting unit enroute to Nullagine Phase 2 trials scheduled to commence once Sorter commissioned Trials to continue through Q2 2022, at which time the Sorter is scheduled to be relocated to the Company's Karratha project to continue detailed testwork at Comet Well and Purdy's Reward, potentially leading to commercialization of mechanical sorting of Novo's Pilbara gold [...]
Novo Resources Corp. wishes to advise that operations have resumed at its Golden Eagle processing facility . As announced on November 1, 2021, the Golden Eagle Mill underwent opportunistic maintenance for approximately seven days while the Company repaired its main crushing unit after encountering additional wear during routine scheduled maintenance. Crusher repairs are now complete, and the Golden Eagle Mill was [...]
HIGHLIGHTS Novo has identified multiple discrete untested aeromagnetic anomalies with magnetic characteristics comparable to the "Hemi-style" gold-bearing sanukitoid intrusions being developed by De Grey Mining Ltd. . Novo's extensive Pilbara land package includes 216 km2 of highly prospective yet under-explored Mallina Basin geology across a significant NE trending mineralized corridor potentially extending to De Grey's [...]
Novo Resources Corp. wishes to advise that a routine crusher maintenance shut at its Nullagine gold project's Golden Eagle processing facility has discovered greater wear than anticipated on its pitman/swing stock bearing housing which will require additional maintenance in Perth, Western Australia. As a result of this unanticipated crusher shut extension, the Golden Eagle Mill has been shut for opportunistic preventative [...]
HIGHLIGHTS Preliminary results include 8 m @ 4.6 g/t Au from 26 m, 10 m @ 3.0 g/t Au from 32 m, 3 m @ 8.9 g/t Au from 5 m, 13 m @ 2.0 g/t Au from 12 m, and 8m @ 3.2 g/t from 37m Genie is part of a wider, untested +1.25 km long prospective gold zone within 3 km of the Company's Golden Eagle processing plant Mineralization remains open in all directions with follow up drilling already in progress Maiden reverse circulation [...]
KEY POINTS No lost time injuries at the Beatons Creek conglomerate gold project through Q3 2021 Minimal COVID-19 pandemic-related operational disruptions Gold production of 18,144 oz Au in Q3 2021 Mining and milling targeted rates achieved Head grades have been lower than forecast due to previous reliance on wide-spaced grade control drilling which results in lower accuracy of the modelled Beatons Creek oxide mineral [...]
HIGHLIGHTS Reverse Circulation drilling program intersects high-grade mineralization at Novo's Talga Talga Gold Project in the Pilbara region of Western Australia Results include 3 m at 25.5 g/t Au from 28 m, and 3 m at 23.3 g/t Au from 11 m at the NW Australian prospect These are significant drilling results from Novo's expanded orogenic and brownfields exploration program A corridor of mineralized structures [...]
HIGHLIGHTS Novo's board of directors has approved an additional A$2.5M exploration budget to accelerate drilling of high-priority near-mine targets in the Mosquito Creek Basin which hosts the Nullagine gold project and the Golden Eagle processing facility. A program of over 25,000 metres of reverse circulation drilling is in progress across several priority basement targets. Novo's exploration team has recently identified [...]
Novo Resources Corp. is pleased to announce that senior management will provide an operational and exploration update from the Nullagine gold project and the Pilbara region in Western Australia at the following upcoming webinars: Focus Communications & Cory Fleck Monday, August 9 @ 1pm PST / 4pm EST To register and attend the webinar, please use the following link:https://event.webinarjam.com/channel/NOVO John Tumazos [...]
Novo Resources Corp. is pleased to announce that Mr. Michael Spreadborough, currently one of the Company's independent directors , has been appointed by Novo's board of directors to the role of executive co-chairman. Dr. Quinton Hennigh, the Company's long-serving chairman and president, is transitioning to non-executive co-chairman of the Company and will remain actively involved with Novo's exploration teams as efforts [...]
HIGHLIGHTS Continuing excellent safety record with no LTIs recorded at the Company's Beatons Creek conglomerate gold project Record monthly gold production of 8,589 oz Au in July, a 46% increase over June 7,899 ounces of gold sold in July, generating revenue of C$17.8 million1 , a 50% increase over June Record number of grade control assays processed in July , expecting to clear the assay backlog by October 2021 [...]
No lost time injuries at the Beatons Creek conglomerate gold project in Nullagine, Western Australia Record gold production of 5,898 oz Au in June, a 16.5% increase over May June revenue of C$11.9 million , an 11.4% increase over May ) Operational positive cash flow from Nullagine Gold Project achieved in May and June Mining and processing rates continued to increase, with 232 kt gold-bearing conglomerate material mined [...]
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