Novo: Acquires Stake in ASX-Listed Kalamazoo Resources Limited

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Excerpt:

“Novo’s main operational focus remains conglomerate gold in the Pilbara,” commented Dr. Quinton Hennigh, Chairman and President of Novo Resources. “Our success there underpins our overall strategy as a gold exploration company, to move toward becoming a significant gold producer. A few years ago, I had the honor of advising Eric Sprott and later, Kirkland Lake Gold, regarding geology and exploration potential of the high-grade Fosterville deposit in Victoria State, Australia, unquestionably one of the most successful high-grade discoveries in recent times. Here at Novo, we have kept our eye on the various exploration companies operating in the Victoria region around Fosterville. When we reviewed Kalamazoo’s recent drill results, we came to the conclusion that this high–grade mineralization displays many of the same characteristics as high-grade at Fosterville. Our stake in Kalamazoo will give our shareholders meaningful exposure to what could be a significant new discovery, one that may become more meaningful to Novo as it advances its own properties.”