Novo Resources Corp. has poured its first gold bar from the company’s flagship Beatons Creek gold project, located in the East Pilbara Shire, between the major regional centres of Newman and Port Hedland, in the northwestern part of Western Australia.
The company’s inaugural commissioning gold pour was achieved following the refurbishment of the Golden Eagle mill and rapid development of the project, both of which have been completed on time and under budget. It also follows Novo’s recent completed graduation from TSX Venture Exchange to Toronto Stock Exchange.
Dr Quinton Hennigh, President, Chairman, and a Director of Novo, said the first gold pour at Beatons Creek marks over 10 years of dedicated commitment from Novo’s team and its shareholders to advance towards conglomerate gold production.
“When Novo entered the Pilbara region looking for gold in ancient conglomerates, it was on the basis that it had potential to host deposits of similar age and geology to those of the Kaapvaal Craton of South Africa, host to the Witwatersrand Basin, the single largest gold deposit on Earth,” Dr Hennigh shared.
“We found that conglomerates of the Pilbara are quite nuggety making them particularly difficult to explore and determine grade for purposes of resource modelling.”
“Nonetheless, through ingenuity, perseverance and dedication, our team has overcome these challenges to reach this historic inaugural conglomerate gold pour milestone,” he said.
“And this is just the beginning. With approximately 14,000 square kilometres of tenure, Novo has laid a sustainable foundation upon which it plans to unlock much more conglomerate gold over coming years.”
Novo will continue to pursue its aggressive growth strategy in 2021, with ongoing exploration activities in the Pilbara and Victoria, including a mechanical sorter program scheduled to commence at the company’s Purdy’s Reward and Comet Well projects in the Pilbara in the second quarter of 2021.
