VANCOUVER, BC / TheNewswire / August 5, 2015 - Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) ("Novo" or the "Company") is pleased to announce assay results from bulk samples taken from a test trench as well as 75 new costean sample sites . LeachWell analyses from 8 random 50kg samples of mineralized conglomerate (reef) taken from Bulk Sample Trench 2 range from 2.34-9.71 gpt Au and average 5.83 gpt Au (see Beatons Creek Trench LeachWell Gold Results table below ). In addition, four costean samples, BCC15-213 thru -216, were taken from reef exposed in the walls of the trench with results ranging from 3.74-9.76 gpt Au and averaging 5.70 gpt Au, nearly matching the grade of the 8 random grab samples ( see Beatons Creek Costean LeachWell Gold Results table below and photomosaics 1 and 2 attached to this news release ).
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 ( see attached Drilling and Costean map ). Results include 1 m @ 14.34 gpt Au from costean BCC15-097, 0.8 m @ 11.02 gpt Au from costean BCC15-104, 1 m @ 19.50 gpt Au from costean BCC15-105, 0.9 m @ 11.59 gpt from costean BCC15-107, 0.5 m @ 11.75 gpt from costean BCC15-115, 0.6 m @ 12.86 gpt Au from costean BCC15-122, and 0.6 m @ 15.92 gpt from costean BCC 15-168. The average grade of all 75 costean samples announced in this news release is 4.39 gpt Au.
"Results from our bulk test trench samples are very encouraging," commented Dr. Quinton Hennigh, President and CEO of Novo Resources Corp. "Not only is the average grade of the eight random bulk grab samples of reef an impressive 5.83 gpt Au, the four costean samples taken from the walls of the trench average 5.70 gpt 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 NI43-101 compliant resource model expected to be completed over the next 4-6 weeks."
Costean samples were taken using pneumatic hammers from thoroughly oxidized gold-bearing reef material exposed in shallow, approximately one-meter wide trenches dug using an excavator or by hand. Given their large size, these samples are considered bulk samples (45-60 kg). 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-July, 2015. A further batch of approximately 40 costean samples is due back within the next week or so, as are all outstanding RC drill results.
Quality Control and Quality Assurance
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-meter wide trenches dug using an excavator or by hand. Costean samples can be considered bulk samples given their large size (45-60 kg). Because costean samples are collected from the top to bottom of a gold-bearing conglomerate horizon over widths of around one meter, they can be considered representative of what is exposed in the trench.
Costean samples were submitted to Genalysis Laboratories, Perth, WA for analysis. Preparation entails crushing the entire sample to -2 mm and pulverizing a 9 kg split to P80 -100 microns. A 3 kg split of pulverized material is subjected to the LeachWell technique, an accelerated CN leach (6 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.
About Novo Resources Corp.
Novo's focus is to evaluate, acquire and explore gold properties. Indirect subsidiaries of Novo hold a 100% interest in the core of the Beatons Creek project and a 70% interest in approximately 1,800 square kilometers surrounding Beatons Creek and at nearby Marble Bar in the Pilbara region, Western Australia. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail firstname.lastname@example.org.
On Behalf of the Board of Directors,
Novo Resources Corp.
CEO and President
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation statements as to the expected receipt of results from various exploration and testing activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the ability to undertake and complete the planned exploration activities, the receipt of successful results as exploration proceeds, customary risks of the mineral resource exploration industry, dependency upon third parties, assumptions made by management of Novo, as well as Novo having sufficient cash to fund the planned drilling and other activities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Beatons Creek Trench LeachWell Gold Results
Bulk Sample Trench 2
Beatons Creek Costean LeachWell Gold Results
True Reef Thickness (m)
* Taken from walls of Bulk Sample Trench 2
A photomosaic composite of the northwest wall of Bulk Sample Trench 2. Costean site BCC15-216 is highlighted in green. The top and bottom of the gold-bearing reef horizon is marked in blue. Reef contains large siliceous boulders and matrix material displaying numerous after oxidized pyrite clasts. Bulk samples BCTP15-001 thru -008 were collected from such reef material mined from this trench.
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A photomosaic composite of the northeast wall of Bulk Sample Trench 2. Costean sites BCC15-215 and -213 are highlighted in green. The top and bottom of the gold-bearing reef horizon is marked in blue. Reef contains large siliceous boulders and matrix material displaying numerous after oxidized pyrite clasts. Bulk samples BCTP15-001 thru -008 were collected from such reef material mined from this trench.
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Drilling and Costean Map
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