Novus Gold Corp. Options Two B.C. Gold Properties
13.10.2011 | vom Unternehmen
October 13, 2011 - Novus Gold Corp. (TSX-V:NOV, "Novus") announces that it has entered into two option agreements with a private B.C. company pursuant to which Novus may earn up to a 50% interest in each of the GP Property and PC Property (collectively "the Properties").The Properties are gold-silver epithermal-style exploration targets that cover prospective stratigraphy in the southern Spences Bridge Gold Belt, a 110 km northwest-trending belt of felsic to intermediate volcanic rocks of the Cretaceous Spences Bridge group. The GP Property consists of 1,916.04 hectares and the PC Property consists of 2,452.31 hectares.
Novus must incur $112,500 of exploration expenditures on each property on or before October 12, 2012 in order to earn a 50% interest in that respective property.
Technical information in this news release has been prepared by Mike Magrum, P.Eng., a Qualified Person as defined in NI 43-101.
For further information visit the company's website at www.novusgold.com or contact Gunther Roehlig, Director, at 604-683-0911.
On behalf of the board of directors of NOVUS GOLD CORP.
"Mike Magrum"
Mike Magrum, President & CEO
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