{"id":400923,"date":"2020-12-16T08:42:31","date_gmt":"2020-12-16T13:42:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400923"},"modified":"2020-12-16T08:42:31","modified_gmt":"2020-12-16T13:42:31","slug":"novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/","title":{"rendered":"Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">VANCOUVER, British Columbia, Dec.  16, 2020  (GLOBE NEWSWIRE) &#8212; <strong>Novo Resources Corp. <\/strong>(<strong>\u201cNovo\u201d <\/strong>or the <strong>\u201cCompany\u201d<\/strong>) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has, in conjunction with Sumitomo Corporation of Tokyo, Japan, completed its earn-in obligations and earned a 70% interest in precious metals rights on Essential Metals Limited\u2019s (formerly Pioneer Resources Limited) (\u201c<strong>Essential<\/strong>\u201d) (ASX: ESS) Kangan project. The Kangan project comprises a portion of the Company\u2019s Egina project (<em>see <\/em><em>figure 1<\/em><em> below<\/em>). Please see the Company\u2019s news releases dated <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wbY9SEUwTwm2sjzdc0Ld-7-n_kx8_RWvbKKb5MXsk6p2SVi-GB4k4bs7FtMoN8maUkMMw9ByxPOuyvC_mI15_q_Db1vAo8lsDxfAYrbkjbBp3hhNT_FSMp96Guh1K1EnRClKmkCPTh3DOFOjGTLGFFCxC415eBopG31EE8LZzM4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">September 17, 2018<\/a>, and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HRthXbY8oWYFFKp3M3uYdW99Q4l_T9BWpnaYcpUUS0xgYahiDuAu65FBHci_gyukcGCkeC2pMHizfIIwc9PwxXORu9cf8afzjE2QHlRWutruQljhGa0UtyCNXKdqtG6TeviZOqJMx7xpi1H3v2DEOQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">June 7, 2019<\/a> for further details.<\/p>\n<p align=\"justify\">\u201cWe are excited to continue progressing exploration efforts and align the parties\u2019 strategic objectives to maximize the potential of the prospective Egina project,\u201d commented Quinton Hennigh, Chairman and President of Novo. \u201cWe look forward to partnering with Sumitomo and our new joint venture partner, Essential, in order to advance the Kangan project and the broader Egina project.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Novo Resources Corp.<\/strong>\n      <\/p>\n<p align=\"justify\">Novo is advancing its flagship Beatons Creek gold project to production while exploring and developing its highly prospective land package covering approximately 14,000 square kilometres in the Pilbara region of Western Australia. In addition to the Company\u2019s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Gi17TTj8_UxXj3oB5_-ZqIzEgxjNMorW91X0ob_n-uhwuhdbI25bhP4Dck531zFsq9HPLMsuEhcZGNHhS5RpGfKfVp5kP22s09fo6tsErsk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">leo@novoresources.com<\/a><\/p>\n<p align=\"justify\">On Behalf of the Board of Directors,<\/p>\n<p align=\"justify\">\n        <strong>Novo Resources Corp.<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <u>\u201c<\/u><br \/>\n        <em><br \/>\n          <u>Quinton Hennigh<\/u><br \/>\n        <\/em><br \/>\n        <u>\u201d<\/u>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p align=\"justify\">Quinton Hennigh<\/p>\n<p align=\"justify\">Chairman and President<\/p>\n<p align=\"justify\">\n        <em>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.<\/em>\n      <\/p>\n<p align=\"left\">PDFs accompanying this announcement are available at:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OhVu3bvp3GVYeqpIT01MicX4_eEV3KHjg75477vxXPv9cj4AjiiQBBZfvN3KsNCw5H7WHiRCkDgnJzVPrLQRjwnZABctSaOuZraL7fxsA3bMQzckpEdFsO7tZs6FQ1sBGVx5Jvc__GOG9KSzuAayhddDNIjzeLxi3IF2dIVWpkef-iklY37JqOB7BjFwL01oQxMKWzu8sV0C283pyCHucfTTjJqHbDgP2dTlb12K3P-dwcgxbDc45dFVblY4dlLZ\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/ml.globenewswire.com\/Resource\/Download\/eba1b984-08d8-4c79-af19-5e9beb9d0ab5<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzI5MCMzODg0NDg4IzIwODQzNDE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f7d59fa4-495d-44a1-a317-171ebc9b9af8\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>VANCOUVER, British Columbia, Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Novo Resources Corp. (\u201cNovo\u201d or the \u201cCompany\u201d) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has, in conjunction with Sumitomo Corporation of Tokyo, Japan, completed its earn-in obligations and earned a 70% interest in precious metals rights on Essential Metals Limited\u2019s (formerly Pioneer Resources Limited) (\u201cEssential\u201d) (ASX: ESS) Kangan project. The Kangan project comprises a portion of the Company\u2019s Egina project (see figure 1 below). Please see the Company\u2019s news releases dated September 17, 2018, and June 7, 2019 for further details. \u201cWe are excited to continue progressing exploration efforts and align the parties\u2019 strategic objectives to maximize the potential of the prospective Egina project,\u201d commented Quinton Hennigh, Chairman &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400923","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, British Columbia, Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Novo Resources Corp. (\u201cNovo\u201d or the \u201cCompany\u201d) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has, in conjunction with Sumitomo Corporation of Tokyo, Japan, completed its earn-in obligations and earned a 70% interest in precious metals rights on Essential Metals Limited\u2019s (formerly Pioneer Resources Limited) (\u201cEssential\u201d) (ASX: ESS) Kangan project. The Kangan project comprises a portion of the Company\u2019s Egina project (see figure 1 below). Please see the Company\u2019s news releases dated September 17, 2018, and June 7, 2019 for further details. \u201cWe are excited to continue progressing exploration efforts and align the parties\u2019 strategic objectives to maximize the potential of the prospective Egina project,\u201d commented Quinton Hennigh, Chairman &hellip; Continue reading &quot;Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-16T13:42:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzI5MCMzODg0NDg4IzIwODQzNDE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited\",\"datePublished\":\"2020-12-16T13:42:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\\\/\"},\"wordCount\":306,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExMzI5MCMzODg0NDg4IzIwODQzNDE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\\\/\",\"name\":\"Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/","og_locale":"en_US","og_type":"article","og_title":"Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited - Market Newsdesk","og_description":"VANCOUVER, British Columbia, Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Novo Resources Corp. (\u201cNovo\u201d or the \u201cCompany\u201d) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has, in conjunction with Sumitomo Corporation of Tokyo, Japan, completed its earn-in obligations and earned a 70% interest in precious metals rights on Essential Metals Limited\u2019s (formerly Pioneer Resources Limited) (\u201cEssential\u201d) (ASX: ESS) Kangan project. The Kangan project comprises a portion of the Company\u2019s Egina project (see figure 1 below). Please see the Company\u2019s news releases dated September 17, 2018, and June 7, 2019 for further details. \u201cWe are excited to continue progressing exploration efforts and align the parties\u2019 strategic objectives to maximize the potential of the prospective Egina project,\u201d commented Quinton Hennigh, Chairman &hellip; Continue reading \"Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-16T13:42:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzI5MCMzODg0NDg4IzIwODQzNDE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited","datePublished":"2020-12-16T13:42:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/"},"wordCount":306,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzI5MCMzODg0NDg4IzIwODQzNDE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/novo-and-sumitomo-complete-earn-in-over-kangan-project-at-egina-with-essential-metals-limited\/","name":"Novo and Sumitomo Complete Earn-In Over Kangan Project at Egina With Essential Metals Limited - 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