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Novo Confirms Delivery of Steinert KSS Mechanical Sorter and Provides Operational Update From Beatons Creek

 

VANCOUVER, British Columbia, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX-V: NVO & NVO.WT; OTCQX: NSRPF) is pleased to announce it has taken delivery of its Steinert KSS mechanical sorter and provides an operational update from its Beatons Creek gold project (“ Beatons Creek ”) and Nullagine processing facility ( “Golden Eagle Mill” ).
 

Mechanical S orting U pdate :

Beatons Creek and Nullagine Gold Project Update:

Development at Beatons Creek and refurbishment at the Golden Eagle Mill continue to progress safely, on schedule and within budget. Recent key milestones achieved include:

Please see the Company’s news release dated November 18, 2020 for the Company’s previous operational update.

Min ing Contractor Mobilization :

Development activities at Beatons Creek:

Grade control program:

Mine development works

Refurbishment works on the Golden Eagle Mill :

Plant refurbishment:

Civil works:

Foundations have now been completed for the upgraded Acacia reactor unit along with new elution tank footings in the gold room. The mining contractor’s workshop slab is nearing completion. The GR Engineering Services (“ GRES ”) scope currently stands at approximately 50% complete, with works continuing on schedule and within budget with no material issues or problems encountered thus far.

Long lead items have all been ordered and arrival dates remain within the refurbishment schedule.

Other m ajor tenders:

Novo CEO and director Rob Humphryson commented, “GRES and their key subcontractors Duratech P/L and Northfields WA P/L continue to perform outstanding work. The further we move through plant refurbishment works without encountering major operational issues, the more we de-risk the start-up and commissioning phases of the project. On the people front, Novo is assembling an outstanding team across all facets of the operation, with observable levels of enthusiasm, commitment and communication auguring well for the future success of the operation.”

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 Novo.

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 e-mail leo@novoresources.com

On Behalf of the Board of Directors,

Novo Resources Corp.

“Quinton Hennigh”

Quinton Hennigh

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.

Forward-looking information

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 full-scale 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, 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 available at:

http://ml.globenewswire.com/Resource/Download/05c34327-f38f-4cd9-af79-319b3d9ab801

http://ml.globenewswire.com/Resource/Download/6a50caa0-a002-4dca-a96c-81f7fb3dc7e7

http://ml.globenewswire.com/Resource/Download/59e03b17-bb22-4454-b3df-f57704e1309f


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