Novo Purchases IGR 3000 Gold Plant for Trial Processing its Beatons Creek Project
VANCOUVER, BC / TheNewswire / September 9, 2015 - Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) ("Novo" or the "Company") is pleased to announce it has secured an IGR 3000 gold recovery plant from Mineworx Technologies, Inc. Novo will be shipping the plant from its current location in the US to Australia over the next two months. Plans are being developed to use the plant for trial processing of gold-bearing conglomerates as part of its evaluation of the potential economics of the Beatons Creek Gold Project. Novo is currently evaluating several means of comminuting material to be fed into the gold plant and will have a system developed prior to arrival of the IGR 3000. Permitting of a trial mining and processing operation is currently underway.
The IGR 3000 is a production scale plant built by iCON Gold Recovery Corporation based out of Langley, British Columbia, and employs two Falcon "high G" centrifugal gravity concentrators as a primary means of recovering gold. Falcon concentrators are used extensively in gold mines around the world to treat gravity recoverable gold ores. Plant capacity varies depending on the material being treated, but can process on the order of 30-50 tonnes per hour collecting gold in a low mass concentrate. This plant is nearly new having less than 100 hours use. A video of this type plant can be seen at: https://www.youtube.com/watch?v=6M8TQPsdKMk .
In a news release dated August 20, 2015, Novo announced that a revised NI 43-101 compliant resource estimate was expected within a month. Work on the resource model is progressing as planned and the Company anticipates releasing this resource estimate to the market by September 20th.
Dr. Quinton Hennigh, the Company's Chief Executive Officer, President and Director and a Qualified Person as defined by National Instrument 43-101, has approved the technical contents of this news release.
About Novo Resources Corp.
Novo's focus is to evaluate, acquire and explore gold properties. Indirect subsidiaries of Novo hold a 100% interest in the core of the Beatons Creek project and a 70% interest in approximately 1,800 square kilometers surrounding Beatons Creek and at nearby Marble Bar in the Pilbara region, Western Australia. 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
CEO and President
Forward-looking information
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities laws) including, without limitation, the statement that the Company plans to release a resource estimate by September 20th and that the IGR 3000 will be used in a trial mining and processing operation as part of its evaluation of the potential economics of the Beatons Creek Gold Project. There is no assurance that the results will be as anticipated by management.
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.
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