10:07 AM EST - Novo Resources Corp. : Has entered into a binding letter of intent with De Grey Mining Ltd., an ASX-listed entity, in order to significantly broaden its exposure to the gold-bearing lag gravel deposits adjacent and believed to be synonymous with the Company’s Egina gold project. Novo has secured the right to explore De Grey’s tenements for gold-bearing lag gravel deposits for an initial three-year period by paying AUD $1 million, of which AUD $300,000 will be held in escrow by Novo until De Grey acquires Indee Gold Pty Ltd. Novo Resources Corp.
shares V.NVO are trading down $0.03 at $2.20.
