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VANCOUVER, BC, March 23, 2020 - Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has finalized the acquisition of a 100% interest in exploration licenses E47/1745 (“Purdy’s Reward”) and E47/3443 (“47K”) from Artemis Resources Limited (“Artemis”) (ASX: ARV) and certain Artemis joint venture partners and dissolved the remaining Novo-Artemis joint ventures (the “Transaction”) (please see the Company’s news release dated March 12, 2020 - www.novoresources.com/news-media/news... The Transaction was subject to approval from the TSX Venture Exchange and other customary regulatory approvals for transactions of this nature, all of which have been obtained.
As consideration for the Transaction, Novo issued 1,640,000 common shares and paid A$820,000 to Artemis. Novo also issued 360,000 common shares and paid A$180,000 to Sorrento Resources Pty Ltd, one of Artemis’ joint venture partners on the 47K project.
A finder’s fee comprised of 100,000 common shares of the Company and a cash payment of A$50,000 was earned by Battle Mountain Pty Ltd in respect of the Transaction.
All common shares issued pursuant to the Transaction are subject to a statutory hold period expiring on July 24, 2020.
About Novo Resources Corp.
Novo’s focus is primarily to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 13,000 sq km with varying ownership interests. 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 e-mail firstname.lastname@example.org
On Behalf of the Board of Directors,
Novo Resources Corp.
President and Chairman
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
De Grey Mining (ASX:DEG)
Only those that have been living under a rock for the past few months (we understand if it’s to avoid coronavirus) would not know that De Grey Mining is onto something big at its Mallina gold project in the Pilbara.
The first signs of a discovery at the Hemi prospect at Mallina emerged in December last year, but it wasn’t until early February, when thick, high-grade gold intercepts were returned from two zones, now known as Brolga and Aquila, 640m apart, that its potential size truly became apparent.
In early March, after another round of mouthwatering drilling results had dropped (including 93m at 3.3 grams per tonne (g/t) gold from 39m from the Brolga Zone), Argonaut analyst Matthew Keane estimated that the combined Brolga and Aquila zones could already contain 1.7 million ounces of gold at a grade of 2g/t plus.
Giving some sense of how fast the discovery is evolving, Keane upgraded his estimate to 2.8 million ounces in a note to clients yesterday.
Add those 2.8 million ounces to the 1.7 million ounces at 1.8g/t in resources that De Grey has defined in the greater Mallina project area and there is easily the critical mass to support a significant gold operation.
The company has indicated it could be in a position to announce a maiden resource for Hemi within six months and given that the mineralisation remains open in most directions, there is a good chance it will surpass Keane’s latest estimate.
There is also thought to be strong potential for more Hemi-style discoveries in the greater project area.
De Grey recently appointed mining engineer and former LionOre chief operating officer Glenn Jardine as its managing director, starting in early May.
This could be interpreted as gearing up for a rapid move into development, but it is unlikely the company will take any serious steps down that path until it has a better handle on the size of Hemi.
The question that begs to be asked then is will De Grey still be the owner of the project when first gold is poured?
Hemi’s rapid emergence as a shallow, high-grade gold discovery and the probability that Mallina’s global resource will exceed 4 million ounces is sure to have put De Grey on the radar of the big Australian gold miners, not to mention some of the international heavy hitters.
Providing some level of protection against any opportunistic, low-ball takeover offers that might be lobbed, fellow listed explorer DGO Gold (ASX:DGO) holds a significant blocking stake of more than 16 per cent.
thx voor je update. Eigenlijk sinds toen niet veel meer gebeurt hé ... aandeel beweegt amper. Saaie boel :s
Jep is weinig nieuws van te vinden momenteel
ARTEMIS RESOURCESASX:ARVFRA:ATY US:ARTTFWwww.artemisresources.com.auPage1of 13ASX Announcement Munni Munni RC PGE Drill Results03August2020Highlightso6.5m @ 1.68g/t 2PGE + 0.14g/t Au,(1.13g/t Pd,0.55g/t Pt) from 41m,18MMAD001;o4m @ 2.44g/t 2PGE + 0.27g/t Au,(1.48g/t Pd,0.96g/tPt) from 34.5m, 18MMAD003;o5m @ 2.35g/t 2PGE + 0.17g/t Au,(1.49g/t Pd 0.86g/t Pt)from 34.5m, 18MMAD005;o6m @ 1.65g/t 2PGE + 0.17g/t Au, (0.97g/t Pd, 0.68g/t Pt) from 82m, 18MMAC008;o7m @ 1.43g/t 2PGE + 0.11g/t Au, (0.91g/t Pd, 0.52g/t Pt) from 122m, 20MMRC007o5m @ 1.68g/t 2PGE + 0.14g/t Au, (1.08g/t Pd 0.6g/t Pt) from 19m, 20MMRC005;o5m @ 1.42g/t 2PGE + 0.11 g/t Au, (0.94g/t Pd, 0.48 g/t Pt) from 65.5m, 18MMAD007;o5m @ 1.36g/t 2PGE + 0.09g/t Au, (0.96g/t Pd 0.44g/tPt)from 28m, 18MMAD006; o5m @ 1.19g/t 2PGE + 0.16g/t Au, (0.74g/t Pd 0.45g/t Pt)from 70m, 20MMRC006o6m @ 1.17g/t 2PGE + 0.13 g/t Au, (0.76 g/t Pd, 0.41 g/t Pt)from 144m, 20MMRC011o4m @ 1.07g/t 2PGE + 0.04 g/t Au, (0.7 g/t Pd, 0.37g/t Pt)from 194m, 20MMRC012 to EOH.Artemis Resources Limited(“Artemis” or “the Company”) (ASX:ARV, Frankfurt: ATY, US OTC
Quote from Artemis News Release this morning
"In the Paterson we are delighted to see the granting of a Mining Licence covering Havieron. This certainly changes the dynamics of the region and underpins a mine development we surround on three sides and adjacent to most of our primary targets. The Company intends to report back as and when material data are at hand from our own work."
Well, ik sta weer in het groen nu met Artemis, altijd leuk...nog leuker als er echt eens wat gebeurt verder.
kijk ook even naar de video er staan enkele spannende maanden op zicht
Artemis Resources (ARV) advises drilling has gotten underway at its jointly owned Munni Munni Project near Karratha, WA
Platina Resources (PGM) has a 30 per cent interest in the project while Artemis owns the remaining 70 per cent and is the operator
The companies believe Munni Munni plays host to one of Australia's largest undeveloped palladium deposits
The potential, combined with sky high palladium prices, has prompted ARV and PGM to carry out a 10-hole exploration program
Around 2500 metres of reverse circulation drilling will be undertaken across Munni Munni, to help assign the project a JORC compliant resource
Shares in Artermis are trading up 6.45 per cent at 9.9 cents, while shares in Platina are down 2.63 per cent at 7.4 cents
Artemis Resources (ARV) advises drilling has gotten underway at the Munni Munni Project near Karratha, Western Australia.
The project is jointly owned, with Platina Resources (PGM) holding a 30-per-cent interest in the project while Artemis owns the remaining 70 per cent and is also the operator.
Both owners believe Munni Munni plays host to one of Australia's largest undeveloped palladium deposits, as well as endowments of platinum, gold and rhodium.
This potential, combined with sky-high palladium prices, has prompted ARV and PGM to carry out a 10-hole exploration program.
"Given the significant increase in the price of palladium, gold and rhodium during the last year, this has enhanced the number of options available to create value from the project," Platina Managing Director Corey Nolan said.
"Platina is working very constructively with Artemis to assess a number of mutually beneficial options to realise value from the project," Corey added.
Around 2500 metres of reverse circulation drilling is going to carried out in total across Munni Munni, to help assign the project a JORC-compliant resource.
Specifically, ARV advised the drilling will infill the current RC drill spacing in the main resource to a nominal 50 metres.
The company said this will help demonstrate the continuity and consistency of grades of the resource.
Shares in Artermis Resources are trading up 6.45 per cent at 9.9 cents per share, while shares in Platina Resources are down 2.63 per cent at 7.4 cents per share at 3:11 pm AEST
Large mineralised system confirmed at Diucon - Eagle
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