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    gold investing

    Novo Provides Update on Exploration at Purdy’s Reward, Strategizes Bulk Sampling Approach With Artemis

    Priscila Barrera
    Nov. 24, 2017 08:35AM PST
    Precious Metals

    Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to provide an update on exploration activities at the Purdy’s Reward tenement, a key tenement within the farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited (“Artemis”) and part of Novo’s greater Karratha gold project, Western Australia. In addition to this update, …

    Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to provide an update on exploration activities at the Purdy’s Reward tenement, a key tenement within the farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited (“Artemis”) and part of Novo’s greater Karratha gold project, Western Australia. In addition to this update, Novo wishes to advise that the Company has recently been notified by Artemis that the Western Australian Government’s Department of Mines, Industry Regulation and Safety (“DMIRS”) has granted a 20,000 tonne excess tonnage permit for the extraction of a bulk sample from the Purdy’s Reward tenement.
    As quoted in the press release:

    “We were fully aware from day one that the Karratha gold project is a coarse gold system,” commented Dr. Quinton Hennigh, President, Chairman and a director of Novo Resources Corp. “The fact that numerous prospectors have been detecting gold here since its discovery is compelling evidence. While the ability to recover consistent, quality sample material using large diameter drilling has not yet been accomplished, trenching appears to yield acceptable bulk samples for test work. Bulk sampling at surface will be the most critical means of determining the grade, processing characteristics and viability of this deposit. We look forward to working with Artemis on ways to fast track a bulk sampling strategy at Purdy’s Reward.”

    Click here for the full text release

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