VANCOUVER, British Columbia, Dec. 13, 2017 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or a “Company”) (TSX-V:NVO); (OTCQX:NSRPF) is gratified to announce that tenements during Comet Well have been postulated by a Department of Mines, Industry Regulation and Safety in Western Australia (“DMIRS”). Novo is now entitled to embark scrutiny work on a Comet Well Tenements destined during gratifying redeeming farm-in rights Novo binds with honour to Comet Well. If those commitments are confident and other conditions underneath a Comet Well agreements are met, including seeking and receiving consents as compulsory underneath a Mining Act 1978, Novo will eventually reason an 80% seductiveness in a Comet Well tenements around dual corner ventures. Novo will work diligently to prove those conditions and will news to a marketplace as those conditions are satisfied. As formerly announced, Novo has already performed TSX Venture Exchange approval, compulsory clearances underneath a Foreign Acquisitions and Takeovers Act 1975, and a birthright agreement covering a Comet Well plan has been sealed with Ngarluma Aboriginal Corporation. Novo expects to embark margin scrutiny during Comet Well as shortly as Programmes of Work are authorized by DMIRS.
“Now that these tenements have been postulated and theme to a capitulation of a due Programmes of Work, we can aggressively start to try a Comet Well plan that we trust contains a delay of impending mineralization along strike from Purdy’s Reward,” commented Dr. Quinton Hennigh, Chairman, President and a executive of Novo Resources Corp. “We demeanour brazen to providing updates as scrutiny progresses on a Comet Well project.”
About Novo Resources Corp.
Novo’s concentration is to try and rise bullion projects in a Pilbara segment of Western Australia, and Novo has built adult a poignant land package covering approximately 12,000 sq km. Novo also controls a 100% seductiveness in approximately 2 sq km covering most of a Tuscarora Au-Ag capillary district, Nevada. For some-more information, greatfully hit Leo Karabelas during (416) 543-3120 or e-mail leo@novoresources.com.
Forward-looking information
Some statements in this news recover enclose forward-looking information (within a definition of Canadian bonds legislation) including, but limitation, a matter as to a approaching receipt of regulatory approval. These statements residence destiny events and conditions and, as such, engage famous and opposite risks, uncertainties and other factors that might means a tangible results, opening or achievements to be materially opposite from any destiny results, opening or achievements voiced or pragmatic by a statements. Such factors include, but limitation, a receipt of TSX Venture Exchange approval.
Neither TSX Venture Exchange nor a Regulation Services Provider (as that tenure is tangible in a policies of a TSX Venture Exchange) accepts shortcoming for a endowment or correctness of this news release.
