Calidus has secured an agreement with Novo Resources to acquire the Blue Spec gold-antimony project in the Pilbara region of Western Australia.

The binding agreement is set at $19.5 million for Blue Spec, which has a resource of 219,000 ounces at 16.3 grams per tonne of gold.

CLICK HERE to read the full article.

CLICK HERE to read the full news release from Calidus Resources.

3 thoughts on “Novo: Calidus to acquire high-grade Novo gold project

  1. jim mclella says:

    and why didn’t novo/HH keep a right to surface conglomerates….this sale is about $90/oz in the ground

    1. Popeye82 says:

      A Valuation/Oz does not “have to mean” really much,

      if “Significant Expansion/Drill Potential is given”.

    2. admin says:

      Jim:

      You mean surface conglomerates at Blue Spec? I’m not sure there are much conglomerates there. Maybe some remnants and probably some nuggets but I think Egina is superior in that department. $20 M at this stage might be very handy and it’s not like Novo doesn’t have enough ground for possibly 100 years already :).

      Best regards

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