Novo Identifies High Grade Zone at its Talga Talga Gold Project, Western Australia

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[{"type":"text","content":"Novo Identifies High Grade Zone at its Talga Talga Gold Project, Western Australia(via Thenewswire.ca)\n\n \n \n\n\n \nVANCOUVER, BC / TheNewswire / September 22, 2016 - Novo Resources Corp. (\"Novo\" or the \"Company\") (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce recent surface sampling has identified a significant high-grade gold zone at its newly acquired Talga Talga gold project, Western Australia (please refer to a news release dated September 16, 2016 for further details). Spot rock chip samples collected along and around a concordant shear zone between a metasedimentary chert horizon and adjacent metavolcanic rocks have returned gold grades ranging from 0.01-200.7 grams per tonne gold (please see Figure 1 below). This gold-bearing shear zone trends NE and dips at about 40 degrees to the NW. To date, samples have been collected along 400 meters of strike, and the zone remains open to the NE and SW.\n\n \n \nThe Talga Talga project is comprised of seven mining and prospecting licenses covering about 5 sq km in an area 22 km NE of the town of Marble Bar, Western Australia. Gold mineralization is hosted by some of the oldest rocks on Earth, greenstone dating to about 3.2 to 3.6 billion years before present. Greenstone was intruded by granite at around 3.0 to 3.2 billion years ago, and collectively, the granite-greenstone assemblage forms the core of the Pilbara craton. Gold at Talga Talga is believed to have been deposited very early, likely before 3.2 billion years, making this one of the oldest gold systems on Earth. In comparison, gold mineralization at Beatons Creek and Mosquito Creek where Novo is conducting ongoing development and exploration, is several hundred million years younger than at Talga Talga. Interestingly, much of Talga Talga's gold occurs as electrum, a natural gold-silver alloy. \n\n \n \nTalga Talga is widely regarded as a coarse gold system. Early prospecting and mining beginning in the late 1800's resulted in discovery of numerous gold specimens ranging from tens to hundreds of oz gold. Using metal detectors, modern prospectors have continued to discover large alluvial gold nuggets at Talga Talga in recent decades. One lode source, the McPhee's Reward quartz-carbonate vein, has traditionally been regarded at the principal source for much of this coarse alluvial gold. \n\n \n \nRecognizing potenti...

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