Novo Resources Corp.

Published : September 25th, 2014

Novo Commences Drilling at Beatons Creek

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Australia | Gold | Iron |

Novo Commences Drilling at Beatons Creek

VANCOUVER, / ACCESSWIRE / September 25, 2014 / Novo Resources Corp. (CSE: NVO; OTCQX: NSRPF) ("Novo" or the "Company") is pleased to announce reverse circulation drilling has commenced at its Beatons Creek gold project, Western Australia (see attached landscape photograph). The Company anticipates completing approximately 353 shallow drill holes to test shallow, oxidized gold-bearing conglomerate horizons. A systematic bulk sampling program will begin approximately October 4 and will complement the reverse circulation drill program to provide data to meet the Company's goal of defining significant resources suitable for development in a 1,000-2,000 tonne per day mining and processing scenario (refer to Novo's news release dated July 24, 2014).

Dr. Quinton Hennigh, the Company's Chief Executive Officer, President and Director and a Qualified Person as defined by National Instrument 43-101, has approved the technical contents of this news release.

About Novo Resources Corp.

Novo's focus is to evaluate, acquire and explore gold properties. The company presently has multiple joint ventures earning a 70% interest in approximately 20,000 square kilometers of the Pilbara region, Western Australia. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.

On Behalf of the Board of Directors,

Novo Resources Corp.

"Quinton Hennigh"

Quinton Hennigh

CEO and President

Forward-looking information

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the statement that Novo anticipates completing approximately 353 shallow drill holes during the course of the current reverse circulation drilling and that a systematic bulk sampling program, intended to complement the reverse circulation drill program, will begin approximately October 4, 2014 and will to provide data to meet Novo's goal of defining significant resources suitable for development in a 1,000-2,000 tonne per day mining and processing scenario. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the ability to undertake and complete the planned exploration activities, the receipt of successful results as exploration proceeds, customary risks of the mineral resource exploration industry and assumptions made by management of Novo.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.


Click Image To View Full Size

Photograph of oxidized gold-bearing conglomerates in the foreground and middle ground and the reverse circulation drill rig in the background. The conglomerate horizon is approximately 1.5 meters thick, is dipping into the surface at approximately 3 degrees and is estimated to be approximately 15-20 meters below the drill rig. This conglomerate is boulder-rich and the matrix between boulders commonly displays iron oxide casts after detrital pyrite. Gold typically occurs in the matrix.

SOURCE: Novo Resources Corp.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Novo Resources Corp.

CODE : NSRPF
ISIN : CA67010B1022
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Novo Resources is a exploration company based in Canada.

Novo Resources is listed in Canada and in United States of America. Its market capitalisation is US$ 11.1 millions as of today (€ 10.4 millions).

Its stock quote reached its highest recent level on October 06, 2017 at US$ 7.08, and its lowest recent point on April 26, 2024 at US$ 0.11.

Novo Resources has 104 720 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Project news of Novo Resources Corp.
10/6/2015Novo Resources - Completion of acquisition of Blue Spec Au-S...
Corporate news of Novo Resources Corp.
1/21/2016Sampling Returns High Grades at Novo Resources Blue Spec Gol...
12/18/2015Novo Announces Arrival of Gold Plant and Timeline for Trial ...
10/23/2015Novo Names Simon Pooley as Chief Operating Officer
10/14/2015Novo Announces Favorable Gravity Recovery Results for Beaton...
10/5/2015Novo Completes Acquisition of Blue Spec Au-Sb Project from N...
9/9/2015Novo Purchases IGR 3000 Gold Plant for Trial Processing Its ...
8/18/2015Novo to Purchase Blue Spec Au-Sb Project from Northwest Reso...
8/12/2015Novo Options New Tenements Near Beatons Creek Project
7/28/2015Novo Reaches First Completion Milestone with Creasy Group
7/27/2015Novo Announces Closing of Final Tranche of Non-Brokered Priv...
7/20/2015Novo Announces Closing of Second Tranche of Non-Brokered Pri...
7/15/2015Novo Announces Closing of First Tranche of Non-Brokered Priv...
7/6/2015Novo Announces Non-Brokered Private Placement
4/21/2015Novo Announces First Costean Results and Provides a Comprehe...
4/9/2015Novo Announces Further Shallow Drill Results Including 1 M o...
4/2/2015Novo Completes Acquisition of 100% Interest in Beatons Creek...
3/26/2015Novo To Acquire 100% Interest In Beatons Creek Mining Leases
3/10/2015Novo Announces New Shallow Drill Results Including 1 M of 40...
3/2/2015Novo Announces Results From Deep Drill Hole at Beatons Creek
2/26/2015Novo Announces Results from 121 New Shallow Drill Holes
2/9/2015Novo Announces First Results from Oxide Resource Drilling Pr...
1/27/2015Novo Executes Definitive Agreement With The Creasy Group
12/10/2014Novo Receives Positive Metallurgical Tests, First Surface Sa...
11/19/2014Novo Announces Result of Annual Meeting and Changes in Direc...
10/29/2014Novo Commences Deep Drilling at Beatons Creek; Receives Init...
9/25/2014Novo Commences Drilling at Beatons Creek
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
OTHER OTC (NSRPF)
0.106-4.50%
OTHER OTC
US$ 0.106
04/26 16:27 -0.010
-4.5%
Prev close Open
0.111 0.104
Low High
0.103 0.108
Year l/h YTD var.
0.080 -  0.140 -11.67%
52 week l/h 52 week var.
0.080 -  0.233 -52.89%
Volume 1 month var.
126,487 11.58%
24hGold TrendPower© : 5
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-26.39%
2023-30.10%0.320.13
2022-80.19%1.160.17
2021-44.68%2.940.95
2020-34.95%3.301.00
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.72-0.39%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.21+10.53%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :