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Novo Resources releases PEA for Beatons Creek in Australia
Geologists study drill cuttings at the Beatons Creek gold project in western Australia. Credit: Novo Resources
Novo Resources (TSX: NVO; US-OTC: NSRPF) has released a preliminary economic assessment for the company’s 100%-owned Beatons Creek gold project near the town of Nullagine in the Pilbara region of Western Australia, about 296 km southeast of Port Headland and 1,364 km northeast of Perth.
The early-stage study envisions an open-pit mine producing 100,000 oz. of gold annually over a six-year mine life at all-in sustaining costs of US$974 per ounce.
Quinton Hennigh, the company’s president, noted in a press release that there is potential to lengthen the mine life by growing the resource with step-out exploration, “given the expansive nature of gold-bearing conglomerates in the Nullagine region.” The company says it has identified numerous near-surface exploration targets on its 1,250 sq. km land package,
Novo Announces Inaugural Commissioning Gold Pour at Beatons Creek Gold Project
Novo Resources Corp. is pleased to announce that it has poured its first gold bar from the Company’s Beatons Creek gold project in Nullagine, Western Australia . The Company’s inaugural commissioning gold pour was achieved following refurbishment of the Golden Eagle mill and rapid development of the Project, both of which have been completed on time and under budget. Key recent project milestones: February 16, …
Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to announce that it has poured its first gold bar from the Company’s Beatons Creek gold project (the “ Project ”) in Nullagine, Western Australia ( Figure 1 and Figure 2 ).
9 February 2021 Targeted Soil Sampling Programme Scheduled for Merolia Gold Project, Western Australia Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada and Australia, is pleased to announce an upcoming soil geochemical sampling programme at the Merolia Gold Project ( Meriolia ) in the Eastern Goldfields region of Western Australia. The Kalgoorlie based drilling and survey company Gyro Australia Pty Ltd. ( Gyro ) has been awarded the auger drilling and sampling contract for a planned 828 samples taken from a planned 1.5m depth. Sample assay will be initially by portable x-ray fluorescence analyser ( pXRF ) conducted by Gyro with sample material retained for verification analysis as appropriate.