Novo Commences Deep Drilling at Beatons Creek; Receives Initial Promising Gravity Gold Results

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[{"type":"text","content":"Novo Commences Deep Drilling at Beatons Creek; Receives Initial Promising Gravity Gold Results(via Thenewswire.ca)\n\n \nVANCOUVER / TNW-ACESSWIRE / October 29, 2014 / Novo Resources Corp. (\"Novo\" or the \"Company\") (CSE: NVO; OTCQX: NSRPF) is pleased to announce the commencement of deep diamond drilling at its Beatons Creek gold project, Western Australia (see attached plan map). This deep hole is situated approximately three kilometers southwest of Grant's Hill where the Company has defined a National Instrument 43-101 compliant inferred resource estimate of 421,000 troy ounces gold contained in 8.9 million tonnes at a grade of 1.47 grams gold per tonne (please refer to the Company's news release dated May 1, 2013, for details). This deep diamond core hole is designed to test the down-dip extension of the same gold-bearing conglomerates (reefs) that occur at Grant's Hill. It is anticipated to reach a depth of at least 700 meters and will provide the first stratigraphic test of the Hardy Formation in this area as well as determine the continuity of gold-bearing reefs deeper within the Nullagine sub-basin. Partial funding for this drill hole comes from a $200,000 grant from the Western Australian Mines Department (please refer to the Company's news release dated December 17, 2013, for details).\n\n\n \nPreliminary Gravity Gold Test Results\n\n\n \nIn a news release dated August 28, 2014, Novo announced it had collected twelve bulk samples taken from surface outcrops of oxidized gold-bearing reefs and submitted them to Met-Solve Laboratories of Langley, British Columbia, for gravity recoverable gold test work. The first five samples, all collected from the Grant's Hill area, have demonstrated consistently high gravity-only recoveries ranging from 71.4-92.7% at a grind size of 80% passing 100 microns (see attached photographs). Concentrates from each test comprised less than 1% of the original weight of each sample, a good attribute. Calculated head grades range from 1.67-6.22 gpt gold. Remarkably, much of the gold, 46.6-66.4%, was recovered after initial crushing to 80% passing 2 mm. These five samples are considered representative of the upper and lower reefs in this area. Results suggest good potential for gravity-only processing of gold-bearing reefs at Beatons Creek. Results from an additional seven samples taken from Gold...

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