Novo Resources: Major Gold Projects in Western Australia
Novo Resources owns 13,000 square kilometres of land and several major gold projects in Western Australia
Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia.
Their present focus is its Karratha gold project. This is comprised of a number of joint venture arrangements and wholly-owned tenure.
Novo also owns the Beatons Creek gold project near Nullagine, Western Australia, and holds a 70% interest in a number of tenements in the Marble Bar region of Western Australia.
Moreover, the company has an experienced management team in place, which has extensive expertise in identifying properties that have the best potential to recommence and expand profitable mining from known and newly discovered mineral prospects.
Beatons Creek Gold Project
The Beatons Creek Paleoplacer Gold Project is located near the town of Nullagine in Western Australia. There, Novo is exploring for gold-bearing conglomerates within the Hardey Sandstone Formation. This is part of the Fortescue Group, a thick sequence of ancient sedimentary and volcanic rocks.
Historic mines near the town of Nullagine exploited pyritic gold-bearing reefs as early as the late 1800’s. Otherwise, the area has seen only very limited modern exploration. Through a 100% interest in certain tenements and a joint venture agreement with the Creasy Group on others (70% Novo, 30% Creasy Group), Novo is undertaking systematic exploration for gold-bearing reefs across this approximately 160 square kilometre project, employing large diameter diamond drilling, 50kg costean sampling and approximately 2 tonne bulk sampling to progress resource definition work.
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