Precious Metals

Novo Resources Corp. ( "Novo" or the "Company" ) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) reports that all resolutions proposed to shareholders at the annual general meeting of shareholders held today passed, including the election of all of the director nominees listed in the management information circular dated May 2, 2022. Voting as to each of the director nominees was as follows:

Name of Nominee Votes Cast
FOR
% Votes Cast
FOR
Votes
WITHHELD
% of Votes
WITHHELD
Michael Barrett 54,210,700 82.164% 11,768,097 17.836%
Ross Hamilton 61,310,782 92.925% 4,668,015 7.075%
Quinton Hennigh 60,269,166 91.363% 5,697,631 8.637%
Michael Spreadborough 61,249,282 92.857% 4,711,515 7.143%
Amy Jo Stefonick 64,793,834 98.230% 1,167,563 1.770%

Refer to the report of voting results filed today under Novo's profile at www.sedar.com for further details.

ABOUT NOVO

Novo operates its flagship Beatons Creek gold project while exploring and developing its prospective land package covering approximately 11,000 square kilometres in the Pilbara region of Western Australia. In addition to the Company's primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com .

On Behalf of the Board of Directors,

Novo Resources Corp.

" Michael Spreadborough "

Michael Spreadborough

Executive Co-Chairman and Acting CEO


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

NVO.WT:CA
Drilling Commences on Purdy's North Gold and Nickel-Copper Targets

Drilling Commences on Purdy's North Gold and Nickel-Copper Targets

  • RC drilling has commenced at Purdy's North, testing a series of prospective gold and nickel-copper targets adjacent to Azure Minerals Limited's ( "Azure" ) Andover nickel-copper-cobalt discovery ( "Andover" ) and Artemis Resources Limited's ( "Artemis" ) Carlow Castle gold-copper-cobalt discovery ( "Carlow Castle" ).
  • Drilling program will start at the Milburn nickel-copper-gold and Morto Lago orogenic gold targets, as part of a large campaign testing multiple targets across the district.
  • Heritage surveys have been completed at Morto Lago, Milburn and the Southcourt prospects at Purdy's North and the Bushmill prospect in the Maitland Intrusion.
  • Additional targets for drilling include 47K, Thorpe, Bob's Well VHMS and the Bullock Park area. Work on these targets is awaiting final heritage clearance.
  • Geophysical Induced Polarisation ( "IP" ) and Fixed Loop Electromagnetic ( "FLEM" ) survey results used at several prospects to finesse high priority targeting from previous programs 1 .
  • High resolution aeromagnetic and radiometric survey across Purdy's North and the Bob's Well trend have enabled advances in structural interpretation and understanding geological setting.

Novo Resources Corp. ( "Novo" or the "Company" ) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on gold and nickel-copper targets at Purdy's North on EL471745 and on the Maitland Intrusion (EL473443) in the West Pilbara region of Western Australia. Purdy's North is adjacent to Azure Minerals Limited's ( "Azure" ) Andover VC-07 nickel-copper-cobalt massive sulphide discovery ( "Andover" ) and Artemis Resources Limited's ( "Artemis" ) Carlow Castle gold-copper-cobalt discovery ( "Carlow Castle" ). It should be noted that there is no certainty that EL471745 nor EL473443 contains the same levels of mineralization as either of these discoveries 1 .

" We are excited to get on the ground at these drill targets, " commented Mr. Mike Spreadborough, Novo's Executive Co-Chairman, Acting CEO, and director. " This is a highly prospective region and there has been well-documented recent exploration success from our neighbours, including Azure Minerals and Artemis Resources. These projects are an important part of our broader exploration strategy and we look forward to seeing what our drilling program returns. "

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Beatons Creek Fresh Approvals Update

Beatons Creek Fresh Approvals Update

Novo Resources Corp. ( "Novo" or the "Company" ) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) advises that the Chair of the Western Australian Environmental Protection Authority (the " EPA ") has determined that the Company's approvals submission regarding the Fresh mineralization component of the Company's Beatons Creek gold project (" Beatons Creek ") does not require assessment under Part IV of the Western Australian Environmental Protection Act 1986 .

The Company will now promptly initiate discussions with the Western Australian Department of Mines, Industry Regulation and Safety (" DMIRS ") to seek approval to mine the Beatons Creek Fresh mineral resource. The Company expects to transition to Phase Two mining of the Beatons Creek Fresh mineral resource upon receipt of requisite approval from DMIRS and a make final investment decision post receipt of results of the feasibility study 1 .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Nullagine Gold Production Update

Nullagine Gold Production Update

  • No lost-time injuries were recorded during Q2 2022 or H1 2022
  • Q2 2022 production of 12,610 oz Au, which totals 25,988 oz Au for H1 2022 and is in line with revised guidance0F 1
  • Q2 2022 revenue of C$29.7 million (A$32.6 million)1F 2 from the sale of 12,378 oz Au
  • Q3 2022 production forecast of 9 – 11 koz Au, with drawdown of inventory expected to add an additional 1 koz Au in Q4 2022 as Phase One Oxide operations at Beatons Creek wind down through October 2022 1
  • Cash balance as at June 30, 2022 of C$74.8 million 2 , which will support ongoing and extensive exploration programs and completion of resource and extension drilling at the Beatons Creek Fresh mineral resource 1
  • Novo still awaiting a response from the Western Australian Environmental Protection Authority on requisite approval pathway to commence Phase Two operations of the Fresh mineral resource at Beatons Creek 1
  • Beatons Creek Fresh mineral resource feasibility study progressing as planned and expected to be completed in Q4 2022 3

Table 1: Key Operational and Financial Figures 2

Q4 2021 Q1 2022 Q2 2022
Mining (tonnes) 434,133 395,824 421,981
Processing (tonnes) 395,310 394,382 398,830
Grade (g/t Au) 1.16 1.15 1.02
Recovery (%) 91.5% 91.4% 93.5%
Gold Production (oz Au) 12,833 13,378 12,610
Revenue (C$M) $29.9 $31.9 $29.7
Cash and Cash Equivalents (C$M) $32.5 $22.0 $74.8

Novo Resources Corp. ( "Novo" or the "Company" ) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) provides a 2022 second quarter (" Q2 2022 ") operational update from the Beatons Creek gold project (" Beatons Creek ") and the Golden Eagle processing facility (" Golden Eagle Plant "), located in Nullagine, Western Australia.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Mechanical Sorting Program Update

Mechanical Sorting Program Update

KEY POINTS

  • Phase Two mechanical sorting trial completed using samples from Comet Well, Purdy's Reward, and Egina using Novo's wholly-owned Steinert KSS 100F LIXT fine mechanical sorting unit (" Sorter ")
  • Results from the Phase Two trial confirm that strong upgrade ratios can be achieved by running lower grade material through the Sorter in line with results from higher grade material
  • Phase Three trial at Comet Well will be deferred to H1 2023
  • Novo to prioritize immediate attention to developing the Fresh mineral resource at the Beatons Creek Gold Project (" Beatons Creek ") and high-potential exploration programs

Novo Resources Corp. ( "Novo" or the "Company" ) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) provides an update on its mechanical sorting program.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
New Style of Gold Mineralization Encountered at Malmsbury Project, Victoria, Australia

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

HIGHLIGHTS

  • Diamond drilling continues at the 50%-owned Malmsbury gold project (" Malmsbury Project ") joint venture with ASX-listed GBM Resources Ltd. (ASX: GBZ), located 50 km SSW of the high-grade Fosterville gold mine in Victoria, Australia, with over 2,500 m completed as at the end of May 2022.
  • Drill hole MD17 encountered a new style of disseminated mineralization, 79.9 m @ 0.26 g/t Au from 197 m, hosted by the Missing Link Monzogranite between 204 – 269 m downhole, in addition to gold bearing sediments across its upper and lower contacts. 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. Review of multi-element analysis for MD17 is ongoing.
  • Remaining assays for the Malmsbury drill program are expected over the coming months.
  • The Missing Link Monzogranite target is now defined over 340 m strike and 40 m width (at surface) and remains completely open at depth. Drilling confirms a steep (70 - 80°) east-dipping elongated body that widens at depth. 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.
  • Two additional diamond holes to be included in the current drilling program based on recent success. A step out hole to further test the monzogranite target, and an additional hole on the Leven Star Reef to test a potential high-grade shoot zone as supported by significant high-grade intersections returned from MD16 1 .
  • Preparations are underway for an induced polarization (" IP ") survey to test for mineralization in the Belltopper Hill area. This survey is designed to define sulphide rich granite-related targets and disseminated sulphide haloes around the high-grade gold reef targets.

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.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Japan Gold Provides Update on the Barrick Alliance

Japan Gold Provides Update on the Barrick Alliance

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to provide an update on the progress of the Barrick Alliance following the 6-month extension to its Initial Evaluation Phase in February 2022.

Thorough field and data reviews were completed by senior Barrick and Japan Gold personnel from May to July this year across identified areas of high-prospectivity within the 29 project Barrick Alliance portfolio. These comprehensive reviews will allow Barrick to decide on projects that meet their criteria for advancement to the Second Evaluation Phase by August 31, 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Black Tusk Resources Inc. Geophysical Survey Results PG Highway Project, Quebec

Black Tusk Resources Inc. Geophysical Survey Results PG Highway Project, Quebec

Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK, FRA:0NB, OTC PINK:BTKRF) is pleased to provide a summary of results from geophysical surveying on the PG Highway (PGH) property located north of Val d'Or, Quebec

On the PGH property TMC Geophysique completed deep-penetrating Pulse-EM (Time Domain Electromagnetic, TDEM) surveying designed to test a one square kilometre area to cover zones targeted through geologic assessment and rock sampling. Rock samples obtained by Black Tusk returned significant values of copper, silver and zinc. The geology along the trend is interpreted to have potential for Volcanogenic Massive Sulphide (VMS) mineralization (see News Release dated 2022-03-07). The zone of interest also displays magnetic features derived from Black Tusk 2021 surveys. TMC Geophysique has provided to Black Tusk data and maps with a summary report of the survey results.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Fabled Silver Gold Corp Announces Extension of Non-Brokered Private Placement

Fabled Silver Gold Corp Announces Extension of Non-Brokered Private Placement

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) reported today that it will, subject to TSX Venture Exchange approval, extend the closing date of its private placement first announced by news release dated June 23, 2022 (the "Offering") by 30 days from the date of this news release

The Company closed the first tranche of the Offering for gross proceeds of C$415,800 on July 20, 2022, as reported in a news release dated July 21, 2022.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Virtual Public Venture Company Investor Conference: Presentations Now Available for On-Demand Viewing

Virtual Public Venture Company Investor Conference: Presentations Now Available for On-Demand Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced that the presentations from the August OTCQB Venture Virtual Investor Conference are now available for on-demand viewing.

REGISTER NOW OR LOGIN AT: https://bit.ly/3zyrFyM

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company's resource section.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Alexco Announces the Filing of Management Information Circular in Connection with Special Meeting to Approve Acquisition by Hecla

Alexco Announces the Filing of Management Information Circular in Connection with Special Meeting to Approve Acquisition by Hecla

For any questions, please contact Alexco Resource's proxy solicitation agent and communications advisor, Laurel Hill Advisory Group, toll free at 1-877-452-7184 (1-416-304-0211 outside North America ) or email assistance@laurelhill.com .

Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announced today that it has filed and mailed the management information circular dated July 28, 2022 (the " Circular ") and related meeting materials (collectively, the " Meeting Materials ") for its special meeting (the " Meeting ") of shareholders (the " Shareholders "), optionholders, restricted share unit holders, and deferred share unit holders of Alexco (collectively, the " Securityholders ") to be held on August 30, 2022 at 10:00 am (Pacific Time) (the " Meeting ") in connection with the proposed business combination with Hecla Mining Company ( NYSE: HL ) (" Hecla "), announced on July 5, 2022 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Puma Exploration Announces Date for Annual and Special Meeting of Shareholders

Puma Exploration Announces Date for Annual and Special Meeting of Shareholders

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the " Company " or " Puma ") announces that its 2022 Annual and Special Meeting of Shareholders (the "Meeting") will be held on Tuesday, August 30, 2022, at 2 pm (EDT).

Again, this year, the Company will hold the Meeting via a live webcast at https://virtual-meetings.tsxtrust.com/1391 , where all Shareholders and their proxy holders, regardless of geographic location, will have an equal opportunity to participate. Shareholders and proxy holders will not be able to attend the Meeting in person. Further details and instructions about virtual participation are included in the Meeting materials available on the Company's website and under Puma's profile on www.SEDAR.com .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×