Beatons Creek Paleoplacer Gold Project
The Beatons Creek Paleoplacer Gold Project in Western Australia is one of two gold projects that collectively make up Novo Resource's Pilbara Paleoplacer Gold Project. At Beatons Creek, Novo is exploring for gold-bearing conglomerates (reefs) within the Hardey Sandstone Formation, part of the Fotesque Group, a thick sequence of ancient sedimentary and volcanic rocks. Historic mines near the town of Nullagine exploited pyritic gold-bearing reefs as early as the late 1800's. Otherwise, the area has seen only very limited modern exploration. Through two separate joint venture agreements, one with Millennium Minerals and another with the Creasy Group, Novo is undertaking systematic exploration for gold-bearing reefs across this approximately 560 square kilometer project.