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Novo Resources Corp
Symbol C : NVO
Shares Issued 75,666,874
Close 2015-08-04 C$ 0.54
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Novo Resources samples one m of 19.5 g/t Au at Beatons

2015-08-05 09:24 ET - News Release

Dr. Quinton Hennigh reports

BULK TRENCH SAMPLE YIELDS 5.83 GRAMS PER TONNE GOLD FROM NOVO'S BEATONS CREEK GOLD PROJECT, WESTERN AUSTRALIA

Novo Resources Corp. has released assay results from bulk samples taken from a test trench as well as 75 new costean sample sites. LeachWell analyses from eight random 50-kilogram samples of mineralized conglomerate (reef) taken from bulk sample trench 2 range from 2.34 to 9.71 grams per tonne gold and average 5.83 g/t Au (see table). In addition, four costean samples, BCC15-213 through -216, were taken from reef exposed in the walls of the trench with results ranging from 3.74 to 9.76 g/t Au and averaging 5.70 g/t Au, nearly matching the grade of the eight random grab samples (see table).

Most of the other 71 new costean samples (outside of the four from the bulk sample trench discussed above) come from the central portion of the oxide resource target area and were collected to infill critical gaps in the database. Results include one metre at 14.34 g/t Au from costean BCC15-097, 0.8 m at 11.02 g/t Au from costean BCC15-104, one m at 19.50 g/t Au from costean BCC15-105, 0.9 m at 11.59 g/t from costean BCC15-107, 0.5 m at 11.75 g/t from costean BCC15-115, 0.6 m at 12.86 g/t Au from costean BCC15-122 and 0.6 m at 15.92 g/t from costean BCC 15-168. The average grade of all 75 costean samples announced in this news release is 4.39 g/t Au.

"Results from our bulk test trench samples are very encouraging," commented Dr. Quinton Hennigh, president and chief executive officer of Novo Resources. "Not only is the average grade of the eight random bulk grab samples of reef an impressive 5.83 g/t Au, the four costean samples taken from the walls of the trench average 5.70 g/t Au. The similarity in these numbers suggests that our bulk sampling approach is generating reproducible results in this very nuggety gold system. Such data will form the basis for our upcoming National Instrument 43-101-compliant resource model expected to be completed over the next four to six weeks."

Costean samples were taken using pneumatic hammers from thoroughly oxidized gold-bearing reef material exposed in shallow, approximately one m wide trenches dug using an excavator or by hand. Given their large size, these samples are considered bulk samples (45 to 60 kilograms). The importance of these large samples is discussed in the company's news release dated April 21, 2015. Novo collected several hundred costean samples in October and November, 2014, and more recently in March to July, 2015. A further batch of approximately 40 costean samples is due back within the next week or so, as are all outstanding reverse circulation drill results.

Quality assurance/quality control

Costean samples discussed in this news release were collected under the supervision of Dr. Quinton Hennigh, Novo's chief executive officer, president and director. These samples were taken using pneumatic hammers from thoroughly oxidized gold-bearing reef material exposed in shallow, approximately one m wide trenches dug using an excavator or by hand. Costean samples can be considered bulk samples given their large size (45 to 60 kg). Because costean samples are collected from the top to bottom of a gold-bearing conglomerate horizon over widths of around one m, they can be considered representative of what is exposed in the trench.

Costean samples were submitted to Genalysis Laboratories, Perth, Western Australia, for analysis. Preparation entails crushing the entire sample to minus-two millimetres and pulverizing a nine-kilogram split to P80 minus-100 microns. A three kg split of pulverized material is subjected to the LeachWell technique, an accelerated CN leach (six-hour leach time) then subjected to analysis by mass spectrometry.

Dr. Quinton Hennigh, the company's chief executive officer, president and director, and a qualified person as defined by National Instrument 43-101, has approved the technical contents of this news release.

BEATONS CREEK TRENCH LEACHWELL GOLD RESULTS

Bulk sample trench 2                     Au 
                                       (g/t) 
      
BCTP15-001                             8.32           
BCTP15-002                             8.78           
BCTP15-003                             3.71           
BCTP15-004                             3.07           
BCTP15-005                             5.96           
BCTP15-006                             2.34           
BCTP15-007                             4.77           
BCTP15-008                             9.71           
Average                                5.83           

    BEATONS CREEK COSTEAN LEACHWELL GOLD RESULTS 

Costean No.     True reef thickness               Au
                                 (m)            (g/t)

BCC15-097                       1.0            14.34
BCC15-098                       0.8             2.90
BCC15-099                       0.7             2.37
BCC15-101                       0.6             5.08
BCC15-102                       0.7             0.57
BCC15-103                       0.8             0.60
BCC15-104                       0.8            11.02
BCC15-105                       1.0            19.50
BCC15-106                       0.8             4.31
BCC15-107                       0.9            11.59
BCC15-108                       0.5             2.40
BCC15-109                       0.7             1.76
BCC15-110                       0.8             0.87
BCC15-111                       0.8             1.20
BCC15-112                       0.9             0.98
BCC15-113                       0.8             7.11
BCC15-114                       0.7             7.74
BCC15-115                       0.5            11.75
BCC15-116                       1.0             6.24
BCC15-117                       1.0             2.52
BCC15-118                       0.8             8.09
BCC15-119                       0.8             2.51
BCC15-121                       0.6             1.67
BCC15-122                       0.6            12.86
BCC15-123                       0.7             3.22
BCC15-124                       0.6             0.48
BCC15-125                       1.0             2.65
BCC15-126                       0.6             9.70
BCC15-127                       1.0             0.94
BCC15-128                       0.9             0.62
BCC15-129                       0.9             0.51
BCC15-130                       0.8             3.00
BCC15-131                       0.8             2.71
BCC15-132                       0.6             1.10
BCC15-133                       0.9             0.80
BCC15-134                       0.7             1.23
BCC15-135                       0.9             3.48
BCC15-136                       0.8             4.30
BCC15-137                       0.8             4.19
BCC15-138                       0.8             3.14
BCC15-139                       0.5             2.76
BCC15-141                       0.7             4.81
BCC15-142                       2.0             5.22
BCC15-143                       2.0             5.62
BCC15-144                       1.7             0.20
BCC15-145                       0.6             1.18
BCC15-146                       0.6             3.80
BCC15-147                       0.6             1.15
BCC15-148                       0.8             0.73
BCC15-149                       0.8             4.68
BCC15-150                       0.8             8.10
BCC15-151                       0.8             4.23
BCC15-152                       0.8             0.99
BCC15-153                       0.8             0.35
BCC15-154                       1.0             8.67
BCC15-155                       0.9             4.75
BCC15-156                       0.7             6.96
BCC15-157                       1.0             4.86
BCC15-158                       0.8             0.84
BCC15-159                       0.7             2.05
BCC15-161                       0.7             0.94
BCC15-162                       0.7             1.22
BCC15-163                       0.5             3.24
BCC15-164                       0.8             4.13
BCC15-165                       0.8             0.67
BCC15-166                       0.7             2.14
BCC15-167                       0.6             3.07
BCC15-168                       0.6            15.92
BCC15-169                       0.4             8.60
BCC15-170                       0.5             2.98
BCC15-212                       1.0             9.17
BCC15-213*                      1.0             3.54
BCC15-214*                      1.0             4.37
BCC15-215*                      1.0             9.76
BCC15-216*                      1.0             5.14
Average*                        1.0             5.70
  
* Taken from walls of bulk sample trench 2.  

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