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Novo Resources Corp
Symbol NVO
Shares Issued 89,516,295
Close 2016-09-29 C$ 1.82
Market Cap C$ 162,919,657
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Novo Resources begins drilling at Blue Spec

2016-09-30 09:06 ET - News Release

Dr. Quinton Hennigh reports

NOVO COMMENCES DRILLING AT ITS HIGH GRADE BLUE SPEC GOLD PROJECT

Novo Resources Corp. has begun drilling at its 100-per-cent-controlled Blue Spec gold project in Western Australia. Over the next few months, Novo plans to complete up to 20,000 metres of reverse circulation (RC) drilling and up to 5,000 metres of diamond core drilling at Blue Spec and other nearby gold projects. Drilling will test:

  • Extensions of high-grade gold-antimony veins immediately adjacent to the Blue Spec and Gold Spec deposits;
  • For blind mineralized shoots within the 1.4-kilometre-long corridor between the Blue Spec and Gold Spec deposits;
  • Areas west of the Gold Spec deposit where high-grade surface samples have recently been collected;
  • Five high-grade targets situated along the Blue Spec shear zone east of the Blue Spec deposit;
  • The Magic Mountain and Mt Hays prospects on the Mt Hays property;
  • Gold-bearing conglomerate horizons at Contact Creek and Virgin Creek in the Marble Bar basin;
  • A newly discovered high-grade gold zone at Novo's recently acquired Talga Talga project.

Novo has contracted Topdrill Ltd. of Kalgoorlie, Western Australia, to provide a truck-mounted RC drill and a diamond core drill. These two drills will test areas in the vicinity of the Blue Spec and Gold Spec deposits. Topdrill's truck-mounted RC drill commenced drilling today and the core rig is expected on site in approximately one week.

Castle Drilling Ltd. of Albany, Western Australia, was contracted to provide a track-mounted RC drill that is expected on site in about two weeks. This drill will be used to test more distal targets along the Blue Spec shear zone, Mt Hays, Marble Bar and Talga Talga.

"We are very pleased to commence our Blue Spec drill campaign," commented Dr. Quinton Hennigh, president, chief executive officer and a director of Novo. "The Blue Spec project has good high-grade potential. Our drill program will systematically test areas around known deposits, as well as other targets along the highly prospective Blue Spec shear zone. We are also excited to test two conglomerate prospects in the nearby Marble Bar basin and a recently discovered high-grade zone at our new Talga Talga gold project."

Dr. Hennigh (PhD, PGeo) is the qualified person pursuant to National Instrument 43-101 who is responsible for, and having reviewed and approved, the technical information contained in this news release.

About Novo Resources Corp.

Indirect subsidiaries of Novo hold a 100-per-cent interest in the Beatons Creek gold project, a 70-per-cent interest in properties surrounding Beatons Creek and Marble Bar, a 100-per-cent interest in the Talga Talga gold project, a 100-per-cent interest in the Blue Spec gold-antimony project, and options covering approximately 400 square kilometres over the Mosquito Creek basin, all in the Pilbara region of Western Australia. Novo also controls a 100-per-cent interest in approximately two square kilometres covering much of the Tuscarora gold-silver vein district, Nevada.

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