Marble Bar Paleoplacer Gold Project
The Marble Bar Paleoplacer Gold Project in Western Australia is one of two gold projects that collectively make up Novo Resource's Pilbara Paleoplacer Gold Project. At Marble Bar, Novo is exploring for gold-bearing conglomerates (reefs) at the base of the Fotesque Group, a thick sequence of ancient sedimentary and volcanic rocks. Historic mines along the eastern margin of the Marble Bar sub-basin exploited pyritic gold-bearing reefs as early as the late 1800's. Otherwise, the area has seen only very limited modern exploration. Through a joint venture agreement with the Creasy Group, Novo is undertaking systematic exploration for gold-bearing reefs across this approximately 1,250 square kilometer project.