Chryso Stamatopoulou

New Found Commences Shipment of Drill Core Samples to MSALAB's Chrysos PhotonAssay™ Facility in Val d'Or, Quebec

Retrieved on: 
Thursday, May 5, 2022

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    The initial sample batches sent to the MSALAB's Val d'Or facility will be used to complete a QA/QC assessment for the Company's utilization of Chrysos PhotonAssay at this facility.
  • This process of follow-on fire assay will continue until an adequate data population is acquired to allow the Company to fully validate the Chrysos PhotonAssay method on Queensway samples.
  • Queensway core will be cut, logged, and photographed at New Found's facilities in Gander prior to shipment to Val d'Or where sample preparation and Chrysos PhotonAssay assaying of the samples will be completed.
  • In late 2021 New Found shipped a batch of core samples to Intertek's facility in Perth, Western Australia, and subsequently reported PhotonAssay results for these samples (see January 26, 2022, news release).

Near-Mine High-Grade Mineralization Confirmed 3 km from Golden Eagle Processing Plant

Retrieved on: 
Thursday, October 21, 2021

VANCOUVER, British Columbia, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on recent brownfields exploration drilling conducted at the Genie prospect.

Key Points: 
  • Quickly recognizing the excellent potential and new style of mineralization at Genie is a prime example of their strength.
  • Gold mineralization occurs across multiple, stacked, shallow to moderately SW dipping zones and remains open in all directions.
  • This program was designed to test the tenor of gold mineralization where mapping and rock chip sampling highlighted excellent potential for near-surface mineable gold mineralization.
  • This style of mineralization relating to an interpreted early phase of dolerite intrusion represents a new gold mineralization style in the region.

Record Monthly Production From Nullagine Gold Project

Retrieved on: 
Thursday, August 5, 2021

VANCOUVER, British Columbia, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an operations update from the Nullagine Gold Project after another record month of growth. Subsequent updates will be provided on a quarterly basis.

Key Points: 
  • Record monthly gold production of 8,589 oz Au in July, a 46% increase over June
    7,899 ounces of gold sold in July, generating revenue of C$17.8 million1 (A$19.2 million), a 50% increase over June
    July month-end cash balance of C$49 million, representing 6% growth since June
    Im delighted with the continuing positive trajectory of the Nullagine Gold Project as the team adjusts to mining and processing this completely new style of conglomerate gold mineralization, commented Rob Humphryson, CEO and a director of the Company.
  • VANCOUVER, British Columbia, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an operations update from the Nullagine Gold Project after another record month of growth.
  • Intertek have also been selected to design and manage a site-based sample preparation laboratory at the Nullagine Gold Project.
  • This prospect is located some 30 km to the north of the town of Marble Bar (150km north of Nullagine) and is suitable for haulage to the Companys Golden Eagle processing facility at the Nullagine Gold Project.