Novo Updates Progress at its Beatons Creek Gold Project - Provides Overview of its New Blue Spec Gold-Antimony Project

About this update from Novo Resources Corp.

[{"type":"text","content":"Novo Updates Progress at its Beatons Creek Gold Project - Provides Overview of its New Blue Spec Gold-Antimony Project(via Thenewswire.ca)\n\n \nVancouver, BC / TheNewswire / November 19, 2015 - Novo Resources Corp. (\"Novo\" or the \"Company\") (TSX-V: NVO; OTCQX: NSRPF) is pleased to provide an update of progress at its Beatons Creek gold project and an overview of its newly acquired Blue Spec gold-antimony project, both located in Western Australia.\n\n\n \nProgress at Beatons Creek\n\n\n \nNovo is aggressively evaluating the potential economics of an open cast/gravity-recovery mining scenario for its Beatons Creek gold project. This work will form the basis for an upcoming preliminary economic assessment that will examine the viability of mining shallow, oxide-only resources documented in the Company's recently released report titled: \"NI 43-101 Technical Resource Report, Beatons Creek Gold Project, Pilbara Region, Australia\" (this report can be accessed on SEDAR or on the Company's website by clicking the following link: http://novoresources.com/pdf/NI-43-101-Technical-Report.pdf).\n\n \n \nIn the Company's news release dated October 14, 2015, Novo discussed favorable metallurgical results indicating good gold recoveries are achievable with a simple, gravity-only mill. Soon after receiving this information, Novo began examining options and costs for constructing a new, \"turn-key\" mill for the Beatons Creek project. Two recent findings have caused Novo to reconsider this approach in favor of looking at potentially much cheaper alternatives.\n\n \n \nFirstly, Novo recently contracted an engineer to inspect components comprising its newly acquired Blue Spec gold mill, part of the Blue Spec project. Althought this mill dates to the mid-1980's, the jaw crusher and cone crusher were determined to be in good condition and potentially compatible with the Beatons Creek milling scenario. Both have adequate throughput to meet the scope of the Beatons Creek project.\n\n \n \nSecond, due to the downturn in the mining sector, Novo has identified numerous new and used mill components across Western Australia that are available at modest prices. Novo has been looking at a spectrum of equipment potentially compatible with the Beatons Creek milling scenario. \n\n \n \nAs a result of these additional investigations, completion of designin...

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