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Novo Completes Malmsbury Option Exercise with GBM Resources Limited


Novo Completes Malmsbury Option Exercise with GBM Resources Limited
Novo Resources Corp. is pleased to advise that it has completed its option exercise to earn a 50% interest in the Malmsbury gold project held by ASX-listed GBM Resources Limited following the satisfaction of all conditions precedent, including receipt of Australian Foreign Investment Review Board approval . Novo has issued 1,575,387 common shares to GBM as consideration for the exercise of the option. The Option …
Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to advise that it has completed its option exercise to earn a 50% interest in the Malmsbury gold project (the “ Malmsbury Project ”) held by ASX-listed GBM Resources Limited (ASX: GBZ) (“ GBM ”) following the satisfaction of all conditions precedent, including receipt of Australian Foreign Investment Review Board approval (refer to the Company’s news releases dated March 30, 2020 Se ....

Western Australia , Leo Karabelas , Quinton Hennigh , Novo Resources Corp , Resources Limited , Novo Resources , Australian Foreign Investment Review Board , Bendigo Zone , Option Shares , Malmsbury Project , Earn In Amount , Earn In Period , Venture Date , Joint Venture Date , Joint Venture , Maximum Royalty , Beatons Creek , மேற்கு ஆஸ்திரேலியா , நோவோ வளங்கள் கார்ப் , வளங்கள் வரையறுக்கப்பட்டவை , நோவோ வளங்கள் , ஆஸ்திரேலிய வெளிநாட்டு முதலீடு விமர்சனம் பலகை , பெண்டிகோ ஸோந் , விருப்பம் பங்குகள் , மழ்ம்ஸ்பூரி ப்ராஜெக்ட் , சம்பாதி இல் தொகை ,

GBM Resources Limited enters joint venture with Novo Resources for Malmsbury Gold Project


GBM Resources enters joint venture with Novo Resources for Malmsbury Gold Project
Both companies view Malmsbury as one of the most prospective and underexplored high-grade gold projects in the Victorian Goldfields, displaying many of the geological characteristics of the Fosterville epizonal orogenic gold deposit.
A diamond drilling program is expected to start in the June quarter 2021.
GBM Resources Limited (ASX:GBZ) has executed a formal purchase and joint venture agreement with Novo Resources Corp (TSE:NVO) for the Malmsbury Gold Project in the prolific Victorian Goldfields.
The Foreign Investment Review Board (FIRB) and Department of Jobs, Precincts and Regions (DJPR) approvals remain as the final steps of the formation of the joint venture (JV) and are expected within the March quarter of 2021. ....

Peter Rohner , Quinton Hennigh , Department Of Jobs , Malmsbury Gold Project , Foreign Investment Review Board , Malmsbury Gold , Victorian Goldfields , Malmsbury Project , Small Caps , General Mining Base Metals , Gbm Resources , Asx Gbz , பீட்டர் ரோஹ்னர் , துறை ஆஃப் வேலைகள் , மழ்ம்ஸ்பூரி தங்கம் ப்ராஜெக்ட் , வெளிநாட்டு முதலீடு விமர்சனம் பலகை , மழ்ம்ஸ்பூரி தங்கம் , விக்டோரியன் தங்க புலங்கள் , மழ்ம்ஸ்பூரி ப்ராஜெக்ட் , சிறிய தொப்பிகள் , ஜநரல் சுரங்க அடித்தளம் உலோகங்கள் , க்ப்ம் வளங்கள் ,