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Novo Resources Corp lands JV, strategic investment with WA gold darling

Novo Resources Corp lands JV, strategic investment with WA gold darling

Novo Resources Corp (TSX:NVO, OTCQX:NSRPF) executive chair Mike Spreadborough and non-executive chair Quinton Hennigh chat with Proactive’s Elisha Newell after WA gold stock De Grey Mining became a strategic partner. DEG has declared a A$10 million cornerstone investment and will separately spend up to A$25 million on exploration for a 50% stake in the Becher gold camp in WA’s northern Pilbara region. Spreadborough says the partnership and investment strongly endorses Novo’s team and flagship project, which has been the subject of a keen exploration campaign over the last nine months.