Alleen voor leden beschikbaar, wordt daarom gratis lid!

Overig advies 09/03/2023 15:56
• Novo to acquire remaining 50% interests in the adjacent Queens and Malmsbury gold joint ventures in
Victoria, Australia
• As a result, Novo will have sole ownership of the Belltopper gold project (“Belltopper”) in the prolific
Bendigo Tectonic Zone of Australia’s Victorian Goldfields
• Consolidation of Belltopper will provide Novo with a central, strategic position in the region located
approximately 50 km SSW from Agnico Eagle’s (TSX:AEM) high-grade Fosterville gold mine
• Novo has identified a strong pipeline of developing gold targets at Belltopper supported by an abundant
network of historic and newly discovered high-grade gold reefs
• Multiple high-grade gold targets identified at Belltopper within a priority corridor of alteration that hosts
a mineralised porphyritic intrusive at its core
• Evidence for numerous gold mineralisation styles including structurally controlled Epizonal gold
(potentially analogous with Fosterville) in addition to potentially Intrusion Related Gold (IRG)
• Additional opportunities to test for mineralisation beneath Tertiary basalt cover – “blind” basement
• Currently integrating regional through to target-scale datasets to enable smarter drill targeting of the
wider gold system and its associated higher-grade zones by diamond drilling in 2023
• Novo to pay A$0.75 million cash and issue 2,088,554 common shares (with a contractual 12-month hold
period) to Kalamazoo Resources (ASX:KZR) worth approximately A$0.75 million for its 50% joint venture
interest in the Queens project
• Novo to pay A$1 million cash and issue 4,037,872 common shares (with a contractual 12-month hold
period) and 2,018,936 common share purchase warrants to GBM Resources (ASX:GBZ) worth
approximately A$1.6 million for its 50% joint venture interest in the Malmsbury project, with each warrant
entitling GBM to purchase one additional common share of the Company at a price of C$0.60 for a period
of 24 months from the date of issuance
Mike Spreadborough, Novo’s Executive Co-Chairman, Acting Chief Executive Officer and a director, said,
“consolidation of Belltopper will give Novo a central and strategic position in the prolific Bendigo Tectonic Zone
of Australia’s Victorian Goldfields.
Diamond drilling planned in 2023 will test remaining high-priority mapping targets at Belltopper, in addition
to developing high-grade shoot potential on the Leven Star Reef and key significant results from the diamond
drilling campaign completed in 2022. We would like to thank our joint venture partners, GBM and Kalamazoo,
for their support and we look forward to advancing the consolidated Belltopper project.”
VANCOUVER, BC - Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to advise that it has entered into agreements whereby it will become sole owner
of the Belltopper gold project (“Belltopper”) in the Bendigo region of Victoria, Australia via the acquisition of
residual 50% joint venture interests in the Queens project from Kalamazoo Resources (ASX:KZR) (“Kalamazoo”) and the Malmsbury project from GBM Resources (ASX:GBZ) (“GBM”). The acquisition of the residual interests in Belltopper is subject to receipt of approval from the Toronto Stock Exchange (“TSX”) and
receipt of written consents and approval from the Victorian Department of Jobs, Precincts and Regions. see & read more on

Beperkte weergave !
Leden hebben toegang tot meer informatie! Omdat u nog geen lid bent of niet staat ingelogd, ziet u nu een beperktere pagina. Wordt daarom GRATIS Lid of login met uw wachtwoord

Copyrights © 2000 by all rights reserved
Niets mag zonder toestemming van de redactie worden gekopieerd, linken naar deze pagina is wel toegestaan.