AUSTRALIA STORIES

Novo drilling within weeks

Novo Resources’ (TSXV: NVO) rollercoaster share price ride of the past month is likely to continue as it starts deploying funds from its bulging treasury at a rate of up to C$2 million a month on the search for a Witwatersrand-style gold in Western Australia’s Pilbara region. “The money that we’ve raised gives us the latitude to go ahead and tackle this thing in a very aggressive way,” president Quinton Hennigh said on a Mining Journal Americas podcast.