Novo Resources
(TSX.V: NVO | OTCQX: NSRPF)
“We are highly encouraged by these initial results,” commented Rob Humphryson, CEO and Director of Novo Resources. “We are already fully confident about the outcome of Egina mechanical sorting test work which demonstrated excellent recoveries into very small concentrates. Our Beaton’s Creek test work is more investigative in nature owing to the finer gold grain size, so to achieve such levels of upgrade in first phase testing is remarkable. Test work is being developed and supervised by Novo staff specializing in mining engineering, metallurgical processing, and importantly, our geology team.
This means those people engaged in exploration are fully aware of the profound impact that mechanical sorting potentially imparts on the economic viability of our prospects. Mechanical sorting test work is likely to become an integral part of future exploration and economic modeling as we hopefully progress each of our projects towards production should the economic viability and technical feasibility of the project be established. This is particularly true given our natural advantage of being able to source abundant bulk sample material from outcropping deposits within our projects.”
Investor Relations:
Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com
