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 [...]
VANCOUVER, British Columbia, March 20, 2018 -- Novo Resources Corp. is pleased to provide an update of exploration activities at Comet Well, part of Novo’s greater Karratha gold project located in the Pilbara region of Western Australia. Trenching, bulk sampling and scout diamond drilling are currently underway, and the first results from recently collected bulk samples are expected in approximately one month [...]
VANCOUVER, British Columbia, March 13, 2018 -- Novo Resources Corp. is pleased to announce that all of the 3,927,884 share purchase warrants issued in a private placement which closed on March 8, 2016 have been exercised, raising gross proceeds of $3,338,701. Novo’s current cash balance stands at approximately CAD $69.5 million. “We are delighted with the level of shareholder support demonstrated by 100% of [...]
VANCOUVER, British Columbia, Feb. 14, 2018 -- Novo Resources Corp. is pleased to announce its 2018 exploration program at its Karratha gold project has begun. Diamond drilling and trenching have recently been initiated at Comet Well. At Purdy’s Reward, additional bulk sample results have returned allowing for planning of follow up work in this area. Comet Well, a farm-in and joint venture Novo has with two [...]
VANCOUVER, British Columbia, Feb. 06, 2018 -- Novo Resources Corp. has entered into a commercial arrangement with SGS Minerals of Perth, Western Australia, to secure access to a test plant for the processing of 5 tonne bulk samples from its Karratha Gold Project. SGS is a leading service provider to the global mining and minerals industry. The Company’s previous news releases have described the nuggety nature of [...]
VANCOUVER, British Columbia, Jan. 31, 2018 -- Novo Resources Corp. is delighted to welcome Kas De Luca to its team as its Senior Exploration Manager. With a career spanning more than 30 years, including extensive international experience with companies such as Dundee Precious Metals, Placer Dome, KCGM and Goldfields, Ms. De Luca joins the Company most recently from Newcrest Mining Ltd., where she held the role of Regional [...]
VANCOUVER, British Columbia, Jan. 23, 2018 -- Novo Resources Corp. is pleased to announce that the Programme of Works submission for exploration activities at Comet Well has been approved by the Department of Mines, Industry Regulation and Safety of Western Australia. To date, Novo’s exploration activities at the Karratha gold project have been focused on the Purdy’s Reward tenement, part of a 50-50 joint [...]
VANCOUVER, British Columbia, Dec. 21, 2017 -- Novo Resources Corp. is pleased to provide an update on exploration activities at Purdy’s Reward, a farm-in and joint venture Novo has with ASX-listed Artemis Resources Ltd. and part of Novo’s greater Karratha gold project, Western Australia. Recent events include: (Figure 2: Plan map showing the location of Trenches 1, 2 and 3 and diamond drill holes 17PPD001 [...]
Novo Resources is pleased to announce that tenements at Comet Well have been granted by the Department of Mines, Industry Regulation and Safety in Western Australia . Novo is now entitled to commence exploration work on the Comet Well Tenements directed at satisfying conditional farm-in rights Novo holds with respect to Comet Well. If those commitments are satisfied and other conditions under the Comet Well agreements are [...]
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