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 [...]
Novo Resources Corp. is pleased to announce that the Company has completed encouraging gold processing trials at the Steinert Global testing facility in Perth, Australia. Highlights: Recent tests of Steinert mechanical sorting equipment demonstrate recovery of fine gold nuggets as small as 0.4 mm, a significant step toward a potentially cost-effective “dry and chemical free” means of gold recovery. Recent [...]
Novo Resources Corp. is pleased to announce it has recovered significant coarse gold from trenching and bulk sampling at its Egina gold project, Western Australia. Recent results further confirm Novo’s view that surface gravels covering the vast erosional terrace at Egina have the potential to host a gold deposit. Novo currently controls approximately 2,000 sq km of prospective erosional terrace. Novo’s most [...]
Novo Resources Corp. is pleased to announce that it has filed its financial statements for the six-months ended July 31, 2019 and would like to highlight the following: Strong cash balance of CAD $43.3 million Working capital of CAD $39.2 million Sumitomo funding for Egina gold project of AUD $1.6 million received through July 31, 2019 Share structure as at today’s date as follows: Issued/Outstanding 178,860,048 [...]
Novo Resources Corp. is pleased to announce that the Company has completed encouraging gold processing trials at the Steinert GmbH testing facility in Cologne, Germany. Highlights: Preliminary tests of eddy current separator technology indicate promising potential to directly extract gold nuggets from gravel. ECS technology is one of several dry processing methodologies being considered by Novo for gold recovery at its [...]
Novo Resources Corp. is pleased to announce that the Kariyarra Aboriginal Corporation have completed a heritage survey over the entirety of tenement M47/560 and portions of tenement E47/2502. The Company’s planned exploration program for all priority target areas can now continue. Novo would like to thank the Kariyarra People for progressing this heritage survey and providing the Company with the knowledge required [...]
Novo Resources Corp. is pleased to announce further positive results from its Egina gold project, Western Australia. Novo has recovered significant coarse gold from bulk samples of surface gravels collected from test pits excavated next to its first exploration trench, where encouraging results were announced previously . Highlights: Metal detecting and gravity processing of 281.9 cubic meters of surface lag gravels [...]
Novo Resources Corp. is pleased to announce that its first exploration trench supports the Company’s exploration model for targeted gold-bearing terrace gravels at its Egina Gold Project, Western Australia. A total of 162 gold nuggets with a total weight of 324 grams was recovered through systematic metal detecting of Novo’s first exploratory trench . This total includes two large nuggets weighing 83.18 grams [...]
Novo Resources Corp. is pleased to provide an update of activities at its Egina Gold Project, Western Australia. Sampling and bulk sample processing are fully underway. At present, all sampling activities are being conducted in proximity to previously trenched areas in the northeastern corner of the Egina mining lease. Heritage clearances needed for working elsewhere on the mining lease have been delayed due to [...]
Novo Resources Corp. is pleased to announce that it has voluntarily filed an updated technical report prepared pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects for its Karratha gold project. The independent technical report, entitled “Novo Resources Corp. Technical Report on the Karratha Project, Australia – April 2019” , with an effective date of April 30, 2019 [...]
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