Business
Novo Resources To Focus on Western Australia Projects
Jul. 19, 2011 (TheNewswire.ca) -- VANCOUVER, July 19, 2011 - Novo Resources Corp. (the "Comp...
About this update from Novo Resources Corp.
[{"type":"text","content":"\nNovo Resources To Focus on Western Australia Projects\n\n Jul. 19, 2011 (TheNewswire.ca) -- VANCOUVER, July 19, 2011 - Novo Resources Corp. (the \"Company\" or \"Novo\") (CNSX: NVO) reports that it has terminated the agreement under which it held an option to acquire the Enterprise Property located in British Colombia in order to focus on projects in Western Australia. As reported in the Company's news release of April 6, 2011, it has entered into a binding letter agreement with Millennium Minerals Ltd. (ASX: MOY) that provides the Company with the exclusive right to earn a 70% interest (as to gold and minerals associated with and normally mined with gold) in the tenements comprising certain mining leases covering the Beatons Creek conglomerates located in Western Australia. The Company is in the final stages of completing the farm-in agreement which will replace the binding letter agreement with Millennium Minerals Ltd.About Novo Resources Corp.Novo's focus is to evaluate, acquire and explore natural resource properties. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail [email protected] Behalf of the Board of Directors,Novo Resources Corp.\"Quinton Hennigh\"Quinton HennighCEO, President and DirectorThe Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.Copyright (c) 2011 Thenewswire.ca - All rights reserved.\n\n\n\n","length":1634,"tagName":"div"}]