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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

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Post by honkytonkgirl1on Nov 29, 2017 8:56am
324 Views
Post# 27052844

Macarthur (JV Artemis): Tenements in Pilbara Granted

Macarthur (JV Artemis): Tenements in Pilbara Granted
Majority of Tenements in Pilbara Granted
 

VANCOUVER, British Columbia, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V:MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce that eleven (11) out of its sixteen (16) Exploration Licences in the Pilbara covering ~1,300km2 have now been granted allowing full exploration activities on those tenements for conglomerate gold, gold, and lithium.

Figure 1
  Figure 1. Macarthur granted tenements across the Eastern Pilbara and the Fortescue Group Geology

 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/367793c9-9ae5-461e-be1d-2cee4153c373

David Taplin, Joint CEO and Director of Macarthur Minerals commented:

“Macarthur Minerals is pleased that eleven (11) out of sixteen (16) of its Pilbara tenements have granted paving the way for exploration and drilling on those tenements for conglomerate gold, gold, and lithium. This includes approximately half of the area subject to the joint venture with Artemis Resources Limited, approximately half of the prospective Hillside area, where nuggets have been found and the tenement in the Pilgangoora region proximate to Pilbara Minerals Limited’s and Altura Mining Limited’s lithium projects.

This places Macarthur Minerals ahead of most of the other conglomerate gold explorers in the region and is a significant milestone for Macarthur Minerals. The remaining five (5) tenements are expected to grant shortly.”

The location of the 11 granted Exploration Licenses in the Eastern Pilbara and the remaining five pending grant is shown in Figure 1.

ABOUT MACARTHUR MINERALS LIMITED (TSX-V:MMS)

Macarthur Minerals Limited is an exploration company that is focused on identifying high grade gold and lithium. Macarthur Minerals has significant gold, lithium and iron ore exploration interests in Australia and Nevada. Macarthur Minerals has two iron ore projects in Western Australia; the Ularring hematite project and the Moonshine magnetite project.

On behalf of the Board of Directors,
MACARTHUR MINERALS LIMITED

Cameron McCall
Cameron McCall, Executive Chairman

Company Contact:
David Taplin, Joint CEO and Director
dtaplin@macarthurminerals.com
Tel: +61 407470044
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