Novo Announces Robust Near-Surface Resource at its Beatons Creek Gold Project, Australia

About this update from Novo Resources Corp.

[{"type":"text","content":"Novo Announces Robust Near-Surface Resource at its Beatons Creek Gold Project, Australia(via Thenewswire.ca)\n\n \nVANCOUVER, BC / TheNewswire / September 16, 2015 - Novo Resources Corp. (the \"Company\") (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce a robust near-surface resource estimate (the \"2015 Resource Estimate\") for its Beatons Creek Gold Project, Western Australia. This 2015 Resource Estimate is based on multiple campaigns of reverse circulation (\"RC\") drilling and trench (\"costean\") sampling conducted between 2011 and 2015. The effective date of the 2015 Resource Estimate is September 15, 2015. A technical report in respect of the 2015 Resource Estimate will be filed under the Company's SEDAR profile at www.sedar.com. \n\n\n \n\"Approximately a year ago, upon recognizing the existence of near-surface gold-bearing conglomerates that might be amenable to simple gravity gold recovery, Novo set about undertaking an aggressive campaign of RC drilling and costean sampling to prove up a sizeable resource of sufficient grade and quality to be advanced toward production,\" commented Dr. Quinton Hennigh, President, CEO and Director of Novo Resources. \"Today, we are pleased to announce this campaign has met its target of generating a robust near-surface resource which we expect can quickly be advanced through economic study. Our view is the oxide fraction of this near-surface resource can support a modest scale mine employing simple, cheap gravity recovery, the potential cash flow from which can allow us to continue to explore this very large gold system.\"\n\n\n \nHighlights:\n\n\n \n\n\n-Near-surface measured and indicated resources of 3.337 M tonnes grading 2.7 gpt Au containing 292 thousand troy oz Au and 2.668 M tonnes grading 2.4 gpt Au containing 203 thousand troy oz Au (see Table 1-1 below). \n\n\n\n-Also reported are underground mineral resources including 55 K tonnes grading 4.2 gpt Au containing 7 thousand troy oz Au and 369 K tonnes grading 4.7 gpt Au containing 56 thousand troy oz Au (see Table 1-2 below).\n\n\n\n-In contrast to the previously announced inferred resource for the Beatons Creek Gold Project (refer to the Company's news release dated May 1, 2013), the 2015 Resource Estimate also encompasses a newly drilled, mostly oxide target area situated north of the previously stated resource. \n\n\n\n-Th...

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