Business
Novo Discovers Multiple New High Grade Gold Veins Along The Blue Spec Shear Zone
(via Thenewswire.ca) VANCOUVER, BC / June 1, 2016 / TheNewswire / Novo Resource...
About this update from Novo Resources Corp.
[{"type":"text","content":"Novo Discovers Multiple New High Grade Gold Veins Along The Blue Spec Shear Zone(via Thenewswire.ca)\n\n \n\n\nVANCOUVER, BC / June 1, 2016 / TheNewswire / Novo Resources Corp. (\"Novo\" or the \"Company\") (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce high-grade rock chip sample results from recent reconnaissance level prospecting along the Blue Spec shear zone. Novo has now identified a total of twenty-two high grade vein occurrences and one strong gold and antimony soil anomaly along this major east-west trending mineralized structural zone that transects the Mosquito Creek basin (please refer to the map included as Figure 1 to this news release). \n\n\n\nResults include an exceptionally high grade assay of 525 gpt Au from selected grab samples of vein material collected from an historic prospect pit situated near the center of the Mosquito Creek basin. Other notable assays include 149.5 and 71.4 gpt Au from spot samples of vein material collected from prospect pits at the Gold Dog and Green Dog prospects, respectively. Spot samples of outcropping vein material at Magic Mountain and Magic Mountain East returned assays of 17.4 and 22.4 gpt Au, respectively. These results are not necessarily representative. \n\n\n\nAt the Mt Hays prospect, a spot sample of outcropping vein material returned an assay of 22.6 gpt Au. This sample came from near an historic reverse circulation drill hole that encountered 2 m @ 52 gpt Au at a vertical depth of approximately 85 m. It is considered likely that the outcrop sample is from the same vein encountered by the drill hole thus suggesting good continuity at depth.\n\n\n\n\"We are very pleased to see many high grade assays from samples recently collected along the Blue Spec shear zone,\" commented Dr. Quinton Hennigh, President, CEO and director of Novo Resources. \"The Blue Spec shear zone is proving to be a prolific host to high grade gold mineralization. Our view is that the gold in this major mineralized structural zone was sourced from gold-enriched sedimentary rocks of the Mosquito Creek basin. We have now identified twenty-two high-grade vein occurrences and one gold-antimony soil anomaly that can readily be drill tested.\"\n\n\n\nNovo controls approximately 450 square km of the Mosquito Creek basin that measures approximately 65 km east-west and 30 km north-south and is comprised of ...