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Novo Resources releases PEA for Beatons Creek in Australia


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 ....

Western Australia , Comet Well , Marble Bar , Quinton Hennigh , Novo Resources , Beatons Creek , Port Headland , East Pilbara , மேற்கு ஆஸ்திரேலியா , வால் நட்சத்திரம் நன்றாக , பளிங்கு மதுக்கூடம் , நோவோ வளங்கள் , பீட்டன்கள் க்ரீக் , போர்த் ஹெட்லேண்ட் , கிழக்கு பில்பாரா ,