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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Bullboard Posts
Post by santi69on Jul 14, 2016 11:59am
247 Views
Post# 25052482

Novo to Commence Bulk Sampling Program

Novo to Commence Bulk Sampling Program

VANCOUVER, BC TheNewswire / July 14, 2016

Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce plans to commence bulk sampling at its Beatons Creek gold project beginning approximately July 25, 2016.  

 

In the Company’s news release dated June 16, 2016, Novo announced it had received necessary permits to undertake extraction of 30,000 tonnes of mineralized conglomerate from three separate pits.  This bulk sampling exercise will provide refined data concerning:

 
  • --mining techniques and costs

  • --methods of grade control 

  • --mining dilution

  • --and grade reconciliation 

 

This information will prove important to complete the Company’s preliminary economic assessment following bulk sampling. 

 

Novo has engaged a number of Western Australian-based contractors to undertake the mining stage of the test program, expected to last approximately 5-6 weeks. Processing will commence following bulk sampling pending approval of the Works Approval and an amended Mining Proposal. 

 Quinton Hennigh (Ph.D., P.Geo.) is the Qualified Person pursuant to National Instrument 43-101 responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is President, CEO and Director of Novo Resources Corporation.

Click here for NR.

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