Beaton Creek

Significant New Gold Targets in the Mosquito Creek Basin

Retrieved on: 
Thursday, February 9, 2023
NI, Nullagine, Western Australia, Technical report, SEDAR, QPS, NVO, FGS, GPS, QAQC, Gold, Finucane, National instrument, TSX, Silver, MRE, Aqua regia, News, Metal, Koz, Person, Element, MAIG, Intertek, Hand, Anomaly, Fault, Soil, Informal technical report, Executive, Arsenic, Beaton Creek, Uranium, Mining, Renewable energy, Surveying, Medical device, MCB

New targets identified at Finucane over two parallel zones of gold and pathfinder anomalism in soil sampling, extending the prospective Middle Creek Fault further east.

Key Points: 
  • New targets identified at Finucane over two parallel zones of gold and pathfinder anomalism in soil sampling, extending the prospective Middle Creek Fault further east.
  • “When working through the exploration results and geophysical data from 2022, the team identified a compelling opportunity to implement a new basin-wide exploration strategy in the Mosquito Creek Basin focused on identification of targets with the potential to host more than 100 koz gold.
  • Finucane and Sayshell prospects are the first two targets identified in this work for follow up exploration in 2023.
  • Each anomaly is over 5 km in strike length and both have coinciding elevated gold grades, including a best assay of 907 ppb gold.

Novo Resources Corp. Announces Beatons Creek Fresh Approvals Update

Retrieved on: 
Friday, December 23, 2022
TSX, Beaton Creek, NVO, Environmental protection, Regulation, Uranium, Safety

VANCOUVER, British Columbia, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to advise of the withdrawal of a recently filed appeal of the Western Australian Environmental Protection Authority’s decision to not assess the Company’s proposed Phase Two Fresh operations1 at the Beatons Creek project (“Beatons Creek”).

Key Points: 
  • VANCOUVER, British Columbia, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to advise of the withdrawal of a recently filed appeal of the Western Australian Environmental Protection Authority’s decision to not assess the Company’s proposed Phase Two Fresh operations1 at the Beatons Creek project (“Beatons Creek”).
  • The proposal to mine Beatons Creek Fresh material will now be assessed and managed by the Western Australian Department of Mines, Industry Regulation and Safety in consultation with other regulatory authorities.

Novo Files Beatons Creek Technical Report

Retrieved on: 
Friday, December 16, 2022
NI, Technical Report Archive & Image Library, System, Person, News, Novo, Technical report, MAIG, FGS, NVO, TSX, National instrument, Uranium, Beaton Creek

VANCOUVER, British Columbia, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce that it has filed a technical report prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) related to its recent news release1 for its Beatons Creek gold project, Western Australia.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce that it has filed a technical report prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) related to its recent news release1 for its Beatons Creek gold project, Western Australia.
  • The technical report, entitled “NI 43-101: Mineral Resource Update, Beatons Creek Gold Project, Nullagine, Western Australia” (the “Technical Report”), with an effective date of June 30, 2022 and an issue date of December 16, 2022, was prepared for Novo by Dr. Simon Dominy (FAusIMM(CP) FAIG(RPGeo) FGS(CGeol)), Ms. Janice Graham (MAIG), Mr. Jeremy Ison (FAusIMM), and Mr. Royce McAuslane (FAusIMM) (collectively, the “QP’s”).
  • Novo explores and develops its prospective land package covering approximately 10,500 square kilometres in the Pilbara region of Western Australia, including the Beatons Creek gold project, along with two joint ventures in the Bendigo region of Victoria, Australia.
  • In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders.

Novo Announces Strategic Investment & Advancement of Battery Minerals Strategy

Retrieved on: 
Thursday, December 15, 2022
Quartz, Silver, LCT, Warrant, Graphite, Manganese, Lithium, Sale, Tin, Rubidium, Toronto Stock Exchange, News, Nickel, Gold, Tantalum, Mineral, VWAP, Minister for State Development (Western Australia), Cobalt, Funding, TSX, NVO, Vanadium, National instrument, Magnesium, Health insurance, Security (finance), Lease, Beaton Creek, Unit

VANCOUVER, British Columbia, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to welcome Liatam as a new shareholder and project investor at Quartz Hill.

Key Points: 
  • “Novo looks forward to working with Liatam to progress the definition of battery mineral prospectivity across Quartz Hill and potentially the Pilbara region of Western Australia.
  • The Unit price represents a 26% premium to Novo’s closing price on December 14, 2022 and 30-day trailing VWAP.
  • Each Unit will consist of one common share of Novo and one-quarter of one Warrant.
  • In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders.

Novo Resources Shareholder Address

Retrieved on: 
Wednesday, December 7, 2022
Crucial Conflict, Weather, Rehabilitation, Environmental protection, Sale, The New Found World, or Antarctike, US, OTC, Sustainability, Maintenance, Economics, NGP, Gold, Environment, Metal, Sumitomo Corporation, Hemispherical combustion chamber, NVO, TSX, Growth, Investment, Mining, ESG, COVID-19, Nullagine, Western Australia, Renewable energy, Beaton Creek, Aegina

VANCOUVER, British Columbia, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (TSX: NVO) (OTC: NSRPF) -

Key Points: 
  • VANCOUVER, British Columbia, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (TSX: NVO) (OTC: NSRPF) -
    2022 has certainly been a challenging year for Novo.
  • There have been some significant highlights at Novo across the year.
  • This sale enabled us to facilitate repayment of the Company’s senior secured US$40 million credit facility with Sprott Resource Lending Corp., resulting in Novo being debt free.
  • Novo is also committed to continuing development work across key areas of the NGP and progressing key workstreams for the Beatons Creek Fresh Mineral Resource.

Significant Results From Malmsbury Victorian Projects Exploration Update

Retrieved on: 
Friday, November 18, 2022
Soil, IP, Geology, Malmsbury, Victoria, Orientation, Cross section, Beaton Creek, ALS Limited, Legislation, Drummond North, Victoria, NI, Quartz, National instrument, Gold, AG, SEDAR, News, CRM, Queen's Official Birthday, Rain, ALS, Magnetism, Risk, Christmas, Novo, MAIG, IRG, Acquisition, Uranium, Surveying, Wood drying

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.

Novo Releases Inaugural Sustainability Statement

Retrieved on: 
Wednesday, November 16, 2022
NVO, TSX, Risk, Beaton Creek, Materiality, Legislation, ERM, SEDAR, News, Environmental resource management, Novo, Statement, Risk management, Audit

VANCOUVER, British Columbia, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce that it has published its inaugural sustainability statement (the Statement) for the 12-month period ended June 30, 2022.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce that it has published its inaugural sustainability statement (the Statement) for the 12-month period ended June 30, 2022.
  • Novo invites all of its stakeholders to read the Statement and watch the accompanying introductory video from the Novo team ( available here ), in which the Company outlines its approach to sustainability and its foundation built on key pillars that integrate all aspects of Novos operations.
  • In addition to the Companys primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders.
  • If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

Nullagine Gold Production Update

Retrieved on: 
Tuesday, October 11, 2022
Adoption, News, Golden eagle, National instrument, Golden Crown, Risk, Government, TSX, Carbon, NVO, Environmental protection, Gold, Company, Silver, Mineral, Board, Rehabilitation, GLOBE, COVID-19, Compliance, Medical device, Uranium, Palladium, Risk management, Beaton Creek, Becher

VANCOUVER, British Columbia, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) provides a 2022 third quarter (“Q3 2022”) operational update for the Beatons Creek gold project (“Beatons Creek”) and Golden Eagle processing facility (“Golden Eagle Plant”), located in Nullagine, Western Australia.

Key Points: 
  • Gold production totalled 13,137 ounces and recovery rates of approximately 90.7% were achieved in Q3 2022.
  • Q3 2022 gold sales totalled 12,426 ounces of gold and 1,336 ounces of silver for gross revenue of C$28.0 million (A$31.4 million)3.
  • Throughout Phase One operations at Beatons Creek, Novo has sold its gold in Australian dollars to ABC Refinery of Sydney, Australia and enjoyed strong gold price performance in Australian dollar terms.
  • Failure to achieve the anticipated production costs had a material adverse impact on the Companys cash flow and future profitability.

Novo Completes Full Repayment and Retirement of US$40 Million Sprott Lending Credit Facility

Retrieved on: 
Friday, August 12, 2022
Novo, GLOBE, Sale, TSX, Board, Primary Dealer Credit Facility, NVO, Company, Beaton Creek, Line of credit, Bank

VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to advise that it has completed repayment of its senior secured US$40 million credit facility (Credit Facility) with Sprott Resource Lending Corp. (Sprott) subsequent to the completion of the sale of the Companys New Found Gold Corp. investment1.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to advise that it has completed repayment of its senior secured US$40 million credit facility (Credit Facility) with Sprott Resource Lending Corp. (Sprott) subsequent to the completion of the sale of the Companys New Found Gold Corp. investment1.
  • The Company is now free of long-term borrowings, with an unaudited consolidated cash balance of C$76.6 million.
  • The Company paid an aggregate amount of US$40,144,029 to Sprott in satisfaction of all amounts outstanding, including all accrued interest, on the Credit Facility.
  • The Company is in the process of discharging all security previously granted to Sprott in connection with the Credit Facility.

Novo Completes Second and Final Tranche of Sale of New Found Gold Shares for C$57.0 Million

Retrieved on: 
Monday, August 8, 2022
Risk, Tranche, GLOBE, Sprot, Mineral, Sale, TSX, Regulation, National instrument, Primary Dealer Credit Facility, Director, Board, EPA, NVO, Company, Transaction, Beaton Creek, Environmental protection, Groundwater, News, Line of credit, US, Risk management, Safety

In the second tranche, Novo sold a total of 6.75 million escrowed New Found shares to a corporation controlled by Eric Sprott (Sprott) at C$8.45 per share for gross proceeds of approximately C$57.0 million (Tranche 2).

Key Points: 
  • In the second tranche, Novo sold a total of 6.75 million escrowed New Found shares to a corporation controlled by Eric Sprott (Sprott) at C$8.45 per share for gross proceeds of approximately C$57.0 million (Tranche 2).
  • Inclusive of the gross proceeds raised from the sale of 8.25 million New Found shares sold to Sprott at C$8.35 per share in the first tranche1, gross proceeds of approximately C$125.9 million have been raised from the Transaction.
  • Novos consolidated unaudited cash position is currently approximately C$126.4 million.
  • In addition to the Companys primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders.