Novo Options New Tenements Near Beatons Creek Project

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[{"type":"text","content":"Novo Options New Tenements Near Beatons Creek Project(via Thenewswire.ca)\n\n \nVANCOUVER, BC / TheNewsire / August 12, 2015 - Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (\"Novo\" or the \"Company\") is pleased to announce that it has entered into an option agreement with Talga Resources Ltd. , an Australian Stock Exchange listed company, for the right to explore its Talga Talga, Warrawoona, and Mosquito Creek projects (each a \"Talga Project\" and, collectively, the \"Talga Projects\"). A payment of AU$50,000 was made to Talga Resources for an initial option period of 4 months. The option period can be extended to the second anniversary of this agreement by making a second payment of AU$200,000 at four months. Novo has the right to then purchase at any time until the second anniversary any of the Talga Projects for AU$250,000 per Talga Project. \n\n\n \n\"We are pleased to acquire an option to explore Talga Resources' Talga Talga, Warrawoona and Mosquito Creek projects,\" commented Dr. Quinton Hennigh, President, CEO and director of Novo. Historic prospecting and mining on these tenements has focused on orogenic lode gold mineralization. Although this is a different style of mineralization to the conglomerate hosted gold we have at Beatons Creek, gold from these three projects is known to be coarse grained and potentially amenable to gravity separation. Our hope is that with some diligent exploration, we might discover resources that could complement our Beatons Creek project.\" \n\n\n \nDr. Quinton Hennigh, a Qualified Person as defined by National Instrument 43-101 and the Company's Chief Executive Officer, President and a director, has approved the technical contents of this news release.\n\n\n \nAbout Novo Resources Corp.\n\n\n \nNovo'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 [email protected]. \n\n\n \nOn Behalf of the Board of Directors,\n\n \n \nNovo Resources Corp.\n\n \n \n\"Quinton Hennigh\"\n\n\n \nQuinton Hennigh\n\n\n \nCEO and President\n\n \n \nForward-looking informa...

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