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Novo Resources Corp
Symbol NVO
Shares Issued 80,936,312
Close 2016-07-28 C$ 0.85
Market Cap C$ 68,795,865
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Novo Resources begins bulk sampling at Beatons Creek

2016-07-29 09:50 ET - News Release

Dr. Quinton Hennigh reports

NOVO'S BULK SAMPLING EXERCISE UNDERWAY

Novo Resources Corp. has commenced its 30,000-tonne bulk sampling program at its 100-per-cent-controlled Beatons Creek gold project in Western Australia. This bulk sampling exercise will provide refined data concerning mining techniques, costs, methods of grade control, mining dilution and grade reconciliation -- information critical to helping the company complete its preliminary economic assessment.

While sampling was initially expected to take approximately five to six weeks, stripping of overburden is occurring faster than anticipated. Novo believes it can complete sampling in significantly less time and at a reduced cost. Processing will commence following the receipt of necessary approval.

In the company's news release dated June 23, 2016, Novo discussed plans for exploration drilling at its Blue Spec project. Permits for exploration drilling were lodged in late June, 2016, and have since been approved, clearing the way for this program to move forward. Certain staff currently allocated to bulk sampling will be free to commence preparations for drilling once bulk sampling is complete. Novo plans to issue a news release outlining the Blue Spec drill program within the next month.

Dr. Quinton Hennigh, PhD, PGeo, is the qualified person pursuant to National Instrument 43-101 responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is president, chief executive officer and director of Novo Resources.

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