Novo Resources’ focus is to explore and develop gold projects in the Pilbara region of Western Australia. Novo has amassed a significant land package covering approximately 12,000 km2.
The Company has the Karratha gold project which is comprised of a number of joint venture arrangements and wholly-owned tenure.
The Company also owns the Beatons Creek gold project near Nullagine, Western Australia. And holds a 70% interest in a number of tenements in the Marble Bar region of Western Australia.
At Beatons Creek, 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, exploration at Beatons Creek began in 2011. Over the years, the results have confirmed the presence of a sizable deposit.|
“I would say within the next few months to a year, we’ll have a clear path of how Beatons Creek will unfold and benefit Novo shareholders” says Chairman and President, Dr. Quinton Hennigh.
Importantly, the Company has an experienced management team in place. In fact, they have extensive expertise in identifying properties that have the best potential to recommence and expand profitable mining from known and newly discovered mineral prospects.
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