Novo Resources Awarded AUD$400,000 in Grant Funding For Drillingadmin
VANCOUVER, December 17, 2013 – Novo Resources Corp. (CNSX: NVO; OTCQX: NSRPF) ("Novo" or the "Company") is pleased to announce it has been awarded two grants, each for AUD$200,000, from the Government of Western Australia Department of Mines and Petroleum as part of their 2014 Co-Funded Exploration Drilling awards. Novo plans to use these funds to drill test for gold-bearing reefs in deeper parts of the Nullagine embayment at its Beatons Creek project and near its new Contact Creek North discovery at its Marble Bar project.
"Given the very competitive nature of applications from numerous exploration companies, we are very grateful and honoured to receive two AUD$200,000 awards from the DMP for our Beatons Creek and Marble Bar gold projects," commented Dr. Quinton Hennigh, President, CEO and Director of Novo. "This funding, along with approximately CDN$10.77 million in the bank, puts us in an exceptional position to continue exploration in the Pilbara."
About Novo Resources Corp.
Novo’s focus is to evaluate, acquire and explore gold properties. The Company presently has joint ventures earning a 70% interest two exploration properties, Beatons Creek and Marble Bar, situated in Western Australia. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail firstname.lastname@example.org .
On Behalf of the Board of Directors,
Novo Resources Corp.
CEO and President
The Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Posted: December 17th, 2013 under ACCESSWIRE.