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Holmesearth01

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22/09/17

10:57

Post #: 27391125
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Originally posted by peter122 ↑

For more detail please refer to the below Novo Resources Corp New Release as released on 21 September 2017: Novo Resources Receives Approvals for Core Drilling, Commences Trenching at Karratha Gold Project VANCOUVER, British Columbia, Sept. 21, 2017 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to provide an update on exploration activities at its Karratha gold project, Western Australia. Novo recently received necessary Plan of Work approvals for core drilling at the Purdy’s Reward prospect. The Purdy’s Reward tenement is part of a farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited and is part of Novo’s greater Karratha gold project. As discussed in the Company’s news release dated August 31, 2017, Novo envisions a two-pronged approach to drilling at Karratha. Scout diamond core drill holes will help allow initial assessment of the depth and thickness of targeted gold-bearing conglomerates. Once target depth and thickness has been determined, large diameter RC holes (17.5” diameter) will be drilled to collect bulk samples. Novo has engaged Orlando Drilling to undertake diamond core drilling and FORACO International SA to undertake large diameter reverse circulation drilling. Drilling will commence in areas within which heritage clearance has already been conducted. Core drilling is expected to begin around September 27th and large diameter drilling around October 15th . Preliminary trenching activities have begun. Novo has recently mobilized a 35-tonne excavator to site which, in addition to helping construct drill pads, will be used to open up several exploration trenches at Purdy’s Reward. Mobilization of a hardrock trencher as discussed in the Company’s August 31, 2017 news release, will take place once approvals have been received to upgrade the track into site. Bulk samples from large diameter reverse circulation drilling and trenching will be delivered to Nagrom Metallurgical Laboratory, Perth and subjected to analysis as follows: • Bulk samples derived from trenches and large diameter reverse circulation drilling will be crushed

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Very strong today

When do the new placement shares hit the market??

KAI Price at posting: 2.5¢ Sentiment: Buy Disclosure: Not Held
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