Malmsbury, Victoria

Significant Results From Malmsbury Victorian Projects Exploration Update

Retrieved on: 
Friday, November 18, 2022
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VANCOUVER, British Columbia, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an exploration update from the 50%-owned Malmsbury Project (RL006587) and adjacent 50%-owned Queens Project (EL007112), located approximately 50 km SSW of the high-grade Fosterville mine in Victoria, Australia (Figure 1). The Malmsbury Project is a joint venture with ASX-listed GBM Resources Ltd. (ASX:GBZ) (“GBM”) and the Queens Project is a joint venture with ASX-listed Kalamazoo Resources Ltd. (ASX:KZR) (“Kalamazoo”).

Key Points: 
  • This interval potentially represents intersection of the OConnors reef as a discrete As-rich and gold anomalous structure.
  • Figure 3, Cross Section depicting geology and significant Au intersection in MD21.
  • Assays across the mineralized porphyritic intrusive interval returned 45 m at 0.23 g/t Au and include the upper contact zone.
  • The intrusive remains open and untested at depth and gives further validation for an intrusion hosted and/or IRG system at the Malmsbury Project.

New Style of Gold Mineralization Encountered at Malmsbury Project, Victoria, Australia

Retrieved on: 
Tuesday, June 21, 2022
Diamond, Gold, Malmsbury, Victoria, NVO, Review, TSX, Fosterville, ASX, Novo, Azi, Writing, SSW, Program, Quartz, Link, Missing Link, QAQC, Borehole, Geology, GLOBE, Mining, Oil, Road, Uranium, Printed circuit board, Granite, Exploration

VANCOUVER, British Columbia, June 21, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to report additional assay results received from the current diamond drilling program on RL006587 at the Malmsbury Project, approximately 50 km SSW of the high-grade Fosterville mine in Victoria, Australia.

Key Points: 
  • Results represent a newly discovered style of mineralization and are not necessarily representative of mineralization throughout the Malmsbury Project.
  • Novo considers the highly elevated levels of gold in this intercept to be strongly anomalous leaving open the possibility of higher grades nearby.
  • Positive gold assays from the current diamond drilling further validate the potential for an intrusion hosted and/or intrusion related gold system (IRGS) at the Malmsbury Project.
  • This survey is designed to define sulphide rich granite-related targets and disseminated sulphide haloes around the high-grade gold reef targets.

Novo Completes Malmsbury Option Exercise with GBM Resources Limited

Retrieved on: 
Thursday, May 13, 2021
Equity securities, Malmsbury, Victoria, Shire of Macedon Ranges, Share, XE-class submarine

"We see Malmsbury as a Fosterville analogue given its similar position along the eastern margin of the prolific Bendigo Zone, epizonal orogenic setting and historic high-grade gold production.

Key Points: 
  • "We see Malmsbury as a Fosterville analogue given its similar position along the eastern margin of the prolific Bendigo Zone, epizonal orogenic setting and historic high-grade gold production.
  • "\nNovo has issued 1,575,387 common shares (the \xe2\x80\x9cOption Shares\xe2\x80\x9d) to GBM as consideration for the exercise of the option.
  • The Option Shares are subject to a statutory hold period expiring on September 14, 2021.
  • In addition to the Company\xe2\x80\x99s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders.

Novo Exercises Option Over Kalamazoo Resources’ Queens Gold Project

Retrieved on: 
Monday, March 22, 2021
Malmsbury, Victoria, Shire of Macedon Ranges, National Virtual Observatory

VANCOUVER, British Columbia, March 22, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to announce that it has exercised its option to earn a 50% interest in the Queens gold project (the Queens Project) located in the Bendigo zone of Australias Victorian goldfields (figure 1 and figure 2 below) and held by ASX-listed Kalamazoo Resources Limited (ASX: KZR) (Kalamazoo).

Key Points: 
  • VANCOUVER, British Columbia, March 22, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to announce that it has exercised its option to earn a 50% interest in the Queens gold project (the Queens Project) located in the Bendigo zone of Australias Victorian goldfields (figure 1 and figure 2 below) and held by ASX-listed Kalamazoo Resources Limited (ASX: KZR) (Kalamazoo).
  • Novo has issued 584,215 common shares (the Option Shares) to Kalamazoo as consideration for the exercise of the option.
  • Malmsbury is a very high value Victorian gold target with strong geologic similarities to the high-grade Fosterville deposit approximately 55 km to the north, commented Quinton Hennigh, Chairman and President of Novo Resources.
  • If Novo does not satisfy the Earn-In Amount during the Earn-In Period, Novos interest in the Queens Project will decrease to 49%.

Novo Provides Update From Malmsbury Project in Victoria, Australia

Retrieved on: 
Friday, January 15, 2021
Economic geology, Mineral economics, Mineral resource estimation, Malmsbury, Victoria

These are the most updated estimates and data available regarding the Project and, as such, no work needs to be done at this point in time to upgrade or verify the Malmsbury Historical Estimate.

Key Points: 
  • These are the most updated estimates and data available regarding the Project and, as such, no work needs to be done at this point in time to upgrade or verify the Malmsbury Historical Estimate.
  • A qualified person has not done sufficient work to classify the Malmsbury Historical Estimate as current mineral resources or mineral reserves.
  • Novo is not treating the Malmsbury Historical Estimate as current mineral resources or mineral reserves.
  • We are delighted to be working closely with the technically savvy GBM exploration team at Malmsbury, commented Quinton Hennigh, Chairman and President of Novo.

Novo Exercises Option Over GBM Resources’ Malmsbury Gold Project

Retrieved on: 
Thursday, September 24, 2020
Options, Malmsbury, Victoria, Shire of Macedon Ranges, Exercise, National Virtual Observatory

VANCOUVER, British Columbia, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has exercised its option to earn a 50% interest (the Interest) in the Malmsbury gold project (the Malmsbury Project) held by ASX-listed GBM Resources Limited (ASX: GBZ) (GBM).

Key Points: 
  • VANCOUVER, British Columbia, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has exercised its option to earn a 50% interest (the Interest) in the Malmsbury gold project (the Malmsbury Project) held by ASX-listed GBM Resources Limited (ASX: GBZ) (GBM).
  • We are pleased to exercise our option over the Malmsbury project, commented Quinton Hennigh, Chairman and President of Novo.
  • Novo believes that it now holds one of the most prospective high-grade gold projects in the Victorian gold fields.
  • Upon satisfaction of the Conditions, Novo will issue 1,575,387 common shares (the Option Shares) to GBM as consideration for the exercise of the option.

Novo Acquires Option Over Kalamazoo Resources Limited’s Queens Project

Retrieved on: 
Tuesday, September 22, 2020
Malmsbury, Victoria, Shire of Macedon Ranges, National Virtual Observatory

VANCOUVER, British Columbia, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has been granted an option and an additional earn-in right to acquire an initial 50% interest in ASX-listed Kalamazoo Resources Limiteds (Kalamazoo) Queens gold project (the Queens Project) located in the Bendigo zone of Australias Victorian goldfields (collectively, the Transaction) (please see Figure 1 and Figure 2 below for maps of the Queens Project), with the possibility of an increase to an 80% interest, as described below.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has been granted an option and an additional earn-in right to acquire an initial 50% interest in ASX-listed Kalamazoo Resources Limiteds (Kalamazoo) Queens gold project (the Queens Project) located in the Bendigo zone of Australias Victorian goldfields (collectively, the Transaction) (please see Figure 1 and Figure 2 below for maps of the Queens Project), with the possibility of an increase to an 80% interest, as described below.
  • The Queens Project encircles the core of ASX-listed GBM Resources Limiteds Malmsbury gold field and covers multiple structural extensions of the primary lode Au deposits of this important high-grade gold camp.
  • Novo holds an option to purchase-joint venture the Malmsbury Project with GBM Resources Ltd. With the addition of the Queens Project Transaction, Novo will hold an interest in the entirety of the Malmsbury gold field.
  • If Novo does not satisfy the Earn-In Amount during the Earn-In Period, Novos interest in the Queens Project will decrease to 49%.

Novo Acquires Stake in ASX-Listed GBM Resources Limited and Option Over Malmsbury Gold Project

Retrieved on: 
Monday, March 30, 2020
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Each GBM Unit will be comprised of one ordinary share of GBM and one-half-of-one ordinary share purchase warrant (each a GBM Warrant).

Key Points: 
  • Each GBM Unit will be comprised of one ordinary share of GBM and one-half-of-one ordinary share purchase warrant (each a GBM Warrant).
  • Immediately subsequent to the issuance of the GBM Units, Novo will own approximately 4.13% of the issued and outstanding ordinary shares of GBM.
  • Novo will have a six-month period (the Initial Period) to confirm social license to explore the Malmsbury Project and conduct other due diligence while awaiting the grant of the Malmsbury Project Retention Licence RL6587 to GBM.
  • This highlights the Malmsbury Project as an underexplored project that is a priority for renewed exploration by GBM and Novo.