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Diamond Core Drilling Completed at Novo's Beatons Creek Gold Project, Western Australia
(via Thenewswire.ca) VANCOUVER, April 4, 2013 - Novo Resources Corp. (the "Company") (CNSX:...
About this update from Novo Resources Corp.
[{"type":"text","content":"\nDiamond Core Drilling Completed at Novo's Beatons Creek Gold Project, Western Australia\n\n(via Thenewswire.ca)\n\n \nVANCOUVER, April 4, 2013 - Novo Resources Corp. (the \"Company\") (CNSX: NVO; OTCQX: NSRPF) is pleased to announce that it has completed eight diamond core holes at its Beatons Creek Gold Project, Western Australia. Data collected from this core will enable completion of the first NI 43-101 compliant resource at Beatons Creek, anticipated by early May.\n\n \n \n\"Our initial drilling was entirely reverse circulation which produces samples consisting of small chips,\" commented Dr. Quinton Hennigh, President and CEO of Novo Resources. \"These core holes provide our first look at the gold-bearing conglomerates at Beatons Creek. In places, the matrix of these conglomerates displays high concentrations of pyrite pebbles and finer grained 'buckshot' pyrite similar to that observed in some gold-bearing conglomerates from the Witwatersrand Basin in South Africa. We will be quite eager to see how upcoming assays from our core compare to these positive visual indications.\"\n\n \n \nDiamond Core Drilling\n\n \n \nEight PQ-size diamond core holes were completed at Beatons Creek between February 5 and March 22, 2013 (see attached drill plan map). Heavy rains from Cyclone Rusty delayed access to site causing a two-week delay in the anticipated date of completion of this program. Each core hole twinned an earlier reverse circulation drill hole completed in 2011 and 2012. The Company is currently preparing this core for specific gravity (SG) measurements, assaying and various metallurgical tests. \n\n \n \nUpon receipt of SG measurements, a NI 43-101 compliant resource estimate will be finalized by Tetra Tech WEI Inc, Perth, Australia with a completion date now expected in early May, 2013. Assay and metallurgical test results are expected back by mid-2013. \n\n \n \nAll eight diamond core holes encountered boulder conglomerates, some of which display pyrite pebbles and small, rounded pyrite grains termed \"buckshot\" pyrite (see attached core photos). Such pyrite closely accompanied gold-bearing intervals in nearby reverse circulation drill holes. \n\n \n \nSurface Samples \n\n \n \nIn a news release dated January 24, 2013, the Company discussed assay results from rock chip samples taken in areas north of Grants Hill at Beat...