Novo Provides Second Operational Update From Beatons Creek
Novo Resources Corp.
”) (TSX-V: NVO; OTCQX: NSRPF) is
pleased to provide a further operational update, including from its
Beatons Creek gold project (“Beatons
”) on which development activities continue,
and from refurbishment works at the Nullagine processing facility
and associated infrastructure which are proceeding on schedule
(please see the Company’s news release dated October 15, 2020 for
the Company’s previous operational update).
Development activities at
- Works at Beatons Creek are
progressing to plan with the development of site road
infrastructure, stripping of topsoil and the recent commencement of
the first RC grade control drilling program (see figure 1 below).
Topsoil has been removed and stockpiled appropriately and roads
interlinking the various planned development areas have been
substantially upgraded to suitable operations standards.
Grade control program:
- A high density (10m x 10m drillhole
spacing and 0.5m sample interval) RC drilling program has been
designed to test the first three months of planned operational
areas. This high resolution work will provide detailed information
allowing interpretation of the deposit’s lode systems thus
providing an opportunity for optimization of the anticipated mining
process. The drill contractor, Castle Drilling, has a history of
successful resource drilling at Beatons Creek and has been retained
to undertake the works, supported by the Novo geological team.
- Samples are being dispatched to
MinAnalytical’s Kalgoorlie laboratory where they will be assayed
using the Chrysos technology. Over the past two years, Novo has
tested the Chrysos technology on material from Beatons Creek
demonstrating high confidence in the analytical method.
Refurbishment works on
the Nullagine Processing
- Works continue on the Nullagine
processing plant maintenance and upgrades. Key componentry has been
removed and sent to Perth for refurbishment to return the plant to
a reliable, high standard (see figure 2 below). These works include
the refurbishment of screens, cyclone underpan, pumps and other
- Work in the leach tanks continues
with water blasting, sandblasting, with tank repair and baffle
replacement, as required (see figure 3 below). Painting has now
commenced with the application of high quality paint which is
expected to significantly extend the life of the tanks (see figure
- Electrical services and control
systems are being upgraded to rectify minor defects, improve plant
control and to comply with current standards.
- Water services are being brought
back to operational readiness with the removal of older corroded or
damaged pipework and replacing it with new fit for purpose
Overall works are on schedule with no material
issues or problems encountered. Whilst early in the refurbishment
works program, costs continue to track in line with budget
Long lead items have all been ordered and
arrival dates identified to fit with the refurbishment
Personnel:The senior management team for the
Nullagine Gold Project is now complete with the recruiting of
Processing Manager Mr. Barend Knoetze. Barend presents as a great
cultural fit and the Company welcome him to the team. Mr. Knoetze
brings a wealth of gold and precious metals processing and general
management experience across multiple operations throughout Africa
and Asia, with the bulk of his career spent in Australia.
Major tenders currently under
- Conforming tenders have now been
received from three primary mining contract candidates, with tender
comparison and assessment well underway. The contract is expected
to be awarded in early November.
- The Nullagine camp management
services contract is being tendered with submissions expected by
early November 2020.
- Other commercial agreements are in
progress for fuel supply, processing reagents, assay laboratory
services, flights, and haulage.
Novo CEO and director Rob Humphryson commented,
“Novo’s site team are making great progress, with works progressing
according to plan on all fronts. With the addition of Mr. Barend
Knoetze to the team in the role of Processing Manager, the senior
management team is now complete, allowing them time to wrap their
minds around the unique challenges associated with the Beatons
Creek conglomerate gold deposit. The Company has received very
favourable responses from experienced primary mining contractor
candidates who appear very aware of the importance of winning the
first contract and building a relationship with a company with such
strong growth prospects.”
Dr. Quinton Hennigh (P.Geo.) is the qualified
person pursuant to NI 43-101 responsible for, and having reviewed
and approved, the technical information contained in this news
release. Dr. Hennigh is President, Chairman, and a director of
About Novo Resources Corp.
Novo is advancing its flagship Beatons Creek
gold project to production while exploring and developing its
highly prospective land package covering approximately 14,000
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
On Behalf of the Board of Directors,
Novo Resources Corp.
“Quinton Hennigh”Quinton Hennigh President and
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Some statements in this news release contain
forward-looking information (within the meaning of Canadian
securities legislation) including, without limitation, the
successful completion of development and plant refurbishments works
on time and on budget and that Novo’s board of directors will make
the decision to commence production at Beatons Creek.
Forward-looking statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements.
Such factors include, without limitation, the successful completion
of site establishment works at Beatons Creek, the successful
completion of grade control drilling works by Castle Drilling,
MinAnalytical’s ability to assay the Company’s drill samples in a
timely and cost-effective manner, the successful completion of
mining, camp management, fuel supply, processing reagents, assay
laboratory services, flights, and haulage services contracts, and
customary risks of the resource industry.
PDFs accompanying this announcement are
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