Novo Resources: Sizeable Gold Deposit in Australia
Novo's focus is to explore and develop gold projects in the Pilbara region of Western Australia. In fact, Novo has amassed a significant land package …
Novo is focused on its most advanced gold project in Western Australia
Novo's focus is to explore and develop gold projects in the Pilbara region of Western Australia. In fact, Novo has amassed a significant land package covering approximately 12,000 km2.
About Beatons Creek
The Beatons Creek Gold Project is near the town of Nullagine in Western Australia. It's also one of Novo Resources' Pilbara Paleoplacer gold projects. There, Novo is exploring for gold-bearing conglomerates within the Hardey Sandstone Formation, part of the Fortescue Group, a thick sequence of ancient sedimentary and volcanic rocks. Moreover, 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.
Furthermore, 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.
"Beaton's Creek is our most advanced project. It's a sizeable deposit that's been advanced at every single level", says Chairman and President, Dr. Quinton Hennigh. "This is truly a new world class discovery".
Above all, 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.
For more information on Novo Resources Corp. (NVO:TSX-V, NSRPF:OTCQX) please fill out the form below.
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