By Cory 2 Recent News Releases From Novo Resources
When I was at the Beaver Creek conference Novo Resources released news on Monday and again today. Below are links to both releases.
As a general recap, the news on Monday was regarding a deal with an Australian exploration company, Calidus Resources. Calidus will have the right to earn a 70% interest in s0me Novo tenements that surround the Calidus Warrawoona project in Western Australia. The details are outlined in the release. Overall, this is a deal on a project that Novo is not focusing on and will now have another company spending it’s money to further explore.
Click here to read the full Monday news release.
The news today is the approval of the Plan of Work application for the Karratha Gold Project. We have discussed at length the exploration plans that Novo will be undertaking and this is the first step to getting those underway. While it is not a surprise that the Company received this approval it is encouraging to see how quickly the Australian government processed the application. Also the news stats that the Company has mobilized the equipment for a trenching program. Details are in the release.
Click here for the full news release.
Source:: The Korelin Economics Report
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