Business
Novo Resources Provides an Update on Its Beatons Creek Project, Western Australia
(via Thenewswire.ca) VANCOUVER, August 21, 2012 - Novo Resources Corp. (the "Company") (CNS...
About this update from Novo Resources Corp.
[{"type":"text","content":"\nNovo Resources Provides an Update on Its Beatons Creek Project, Western Australia\n\n(via Thenewswire.ca)\n\n \nVANCOUVER, August 21, 2012 - Novo Resources Corp. (the \"Company\") (CNSX: NVO; OTCQX: NSRPF) is pleased to provide an update on its Beatons Creek Gold Project, Western Australia. Leachwell (cyanide leach) gold analyses have been received from 43 reverse circulation drill holes completed at the Grants Hill target, an area where a series of shallowly dipping, gold-bearing conglomerate reefs outcrop. Results include 35 meters at 2.08 grams per tonne (gpt) gold including 3 meters at 14.26 gpt gold in hole BCRC11-002, 18 meters at 5.18 gpt gold including 1 meter at 64.19 gpt gold in hole BCRC11-013 and 11 meters at 4.15 gpt gold including 1 meter at 23.40 gpt gold in hole BCRC12-001 (see attached map and sections).\n\n\n \n\"We are very pleased with analyses from our first round of drill holes at Beatons Creek,\" stated Dr. Quinton Hennigh, President and CEO of Novo Resources. \"Our initial drill test provides solid evidence that gold-bearing conglomerate beds underlie areas away from outcrops and historic workings at the Grants Hill target. Grants Hill is one of several locations in which gold-bearing conglomerates have been identified at Beatons Creek. Over the coming months, we plan aggressive drilling not only on Grants Hill, but on multiple new high priority targets.\"\n\n\n \nSummary of Leachwell analyses from reverse circulation drill holes at Grants Hill\n\n\n \n\n ------------------------------------------------------------------\n |Hole |From |To |Length |Gold |  |Length|Gold (oz|\n | |(meters)|(meters)|(meters)|(grams| |(feet |per |\n | | | | |per | | |ton) |\n | | | | |tonne)| | | |\n |----------------------------------------------------------------|\n |BCRC11-001|69 |73 |4 |0.36 |  |13.1 |0.011 |\n |----------------------------------------------------------------|\n |  |100 |104 |4 |0.40 |  |13.1 |0.012 |\n |----------------------------------------------------------------|\n |BCRC11-002|5 |40 |35 |2.08 |  |114.8 |0.061 |\n |----------------------------------------------------------------|\n |including |20 |36 |16 |4.29 |  |52.5 |0.125 |\n |----------------------------------------------------------------|\n |including |22 |23 |1 |14.01 |  |3.3 |0.409 |\n |-------------------...