Novo Provides Further Update on Partial Sale of Blue Spec Project
The conclusion of the sale of a portion of the Blue Spec project helps both Calidus and Novo align their production goals in the region, commented Quinton Hennigh, Chairman and President of Novo Resources.
- The conclusion of the sale of a portion of the Blue Spec project helps both Calidus and Novo align their production goals in the region, commented Quinton Hennigh, Chairman and President of Novo Resources.
- Calidus has plans to conduct underground mining and develop a milling circuit for sulfide ores making the high-grade Blue Spec resource compatible with their production model.
- Novo retains areas of shallow oxide prospectivity around Blue Spec and secures land at Talga Talga that potentially hosts down dip continuations of the gold system there.
- In addition to the Companys primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders.