Business
Novo Announces High Grade 3-Kg Leachwell Drill and Costean Results from Beatons Creek
(via Thenewswire.ca) VANCOUVER, BC / TheNewswire / August 20, 2015 - Novo Resource...
About this update from Novo Resources Corp.
[{"type":"text","content":"Novo Announces High Grade 3-Kg Leachwell Drill and Costean Results from Beatons Creek(via Thenewswire.ca)\n\n \nVANCOUVER, BC / TheNewswire / August 20, 2015 - Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (\"Novo\" or the \"Company\") is pleased to announce all remaining 3-kg LeachWell results from trenches (costeans) and shallow reverse circulation drill holes at its Beatons Creek gold project near Nullagine, Western Australia (please see results tables at the end of this news release). These results are the final data Novo requires to undertake a resource estimate of a series of shallow, nearly flat-lying, oxidized gold-bearing conglomerate horizons (reefs) being targeted for potential development. Please refer to the Company's news releases dated February 9, February 26, March 10 and April 9, 2015 for maps showing drill hole locations and a map attached to this news release for new costean sample locations.\n\n\n \nThe 37 new costean samples come from reefs from various parts of the oxide resource target area and were collected to infill critical gaps in the database (see attached drilling and costean map). The average grade of these new samples is 4.60 gpt Au. To date, Novo has announced 471 costean results, and the average grade for this entire suite is 3.38 gpt Au (please refer to the Company's news releases dated April 21, April 29 and August 5, 2015 for previous results). Notable results from the newest new batch include 0.8 m @ 10.61 gpt Au from costean BCC15-174, 0.9 m @ 11.88 gpt Au from costean BCC15-179, 0.6 m @ 18.85 gpt Au from costean BCC-181, 0.8 m @ 40.89 gpt Au from costean BCC15-182 and 1.1 m @ 16.49 gpt Au from costean BCC15-198. \n\n\n \nNew 3-kg LeachWell drill results include 9 m @ 2.74 gpt Au in hole BCRC14-180, 1 m @ 99.53 gpt Au in hole BCRC14-293, 3 m @ 3.65 gpt Au in hole BCRC14-295, 3 m @ 6.56 gpt Au in hole BCRC14-320 and 1 m @ 38.02 gpt Au in hole BCRC14-326. A grade-thickness comparison (interval length x grade) of directly comparable 3-kg and 1-kg LeachWell results from all drill holes shows an overall increase in gold grades of 17% in the 3-kg over the 1-kg results. \n\n\n \n\"We are pleased to now have in hand all outstanding gold assays needed for our upcoming resource estimate,\" commented Dr. Quinton Hennigh, President and CEO of Novo Resources Corp. \"We see an impressive 17% improvemen...