Novo Resources, Proven and Probable

Novo Recommences Exploration at Egina; Discovers Yet Another Broad Gold-bearing Swale at Paradise

“We are very happy to get back to work at Egina,” commented Quinton Hennigh, President, Chairman, and a Director of Novo. “We are very excited by the continued exploration success with the immediate discovery of yet another broad gold-bearing swale at Paradise. Our MAK sampling approach clearly delivers quick results showing us where gold-enriched gravels are situated, and we plan to aggressively use this technique to test a multitude of targets across the terrace this field season. As we identify these gold-bearing gravels, we plan to follow up MAK sampling with bulk sampling and processing that will allow us to assess gold grades of these gravels. Bulk sampling has clearly demonstrated robust grades of gravels in the swale within the 2019 test area, and we aim to similarly evaluate grades of gravels in these new areas. Also exciting are the spectacular results of our environmental rehabilitation efforts. Our in-house team has done a great job showing that we can reclaim disturbed areas to their former state, a critical step for Novo in its efforts to move Egina toward a commercial operation.”

Investor Relations:

Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com

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