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Novo Resources Strategizes Moving Beatons Creek Toward Bankable Feasibility
(via Thenewswire.ca) VANCOUVER, BC / TNW-ACCESSWIRE / July 24, 2014 / On July 8, 2014,...
About this update from Novo Resources Corp.
[{"type":"text","content":"Novo Resources Strategizes Moving Beatons Creek Toward Bankable Feasibility(via Thenewswire.ca)\n\n \nVANCOUVER, BC / TNW-ACCESSWIRE / July 24, 2014 / On July 8, 2014, Novo Resources Corp. (\"Novo\" or the \"Company\") (CSE: NVO; OTCQX: NSRPF) released results from a deportment study in which it was recognized that over 98% of gold by weight in each of two samples of unoxidized gold-bearing conglomerates is of coarse grain size, >150 microns (>0.15 mm). Both samples were taken from diamond drill core from holes drilled within the 421,000 troy ounces gold inferred resource (8.9 million tonnes at a grade of 1.47 grams gold per tonne) at Grant's Hill (refer to Novo's news release dated May 1, 2013 and to the independent technical report, entitled Technical Report and Resource Estimate, Beatons Creek Project, Pilbara Region, Australia dated May 1, 2013, prepared by Patrick Huxtable (RPGeo MAIG), of Tetra Tech, Perth, Australia, which was filed on SEDAR under the Company's profile on May 23, 2013). \n\n\n \nFurther evidence for significant coarse gold comes from a suite of spot rock chip surface samples recently collected at Beatons Creek that was analyzed by screen metallic fire assay (data presented in nearby table). These samples come from a recently identified extension of the Grant's Hill gold-bearing conglomerates discovered east of the inferred resource mentioned above as well as from various sites across the Beatons Creek project where the Company is considering collecting bulk samples (see attached Surface Sample Results Map). Gold grades from this suite of heavily oxidized gold-bearing conglomerate range from 3.08 to 66.83 grams per tonne (gpt). The coarse gold contribution (+150 micron) in these samples is particularly notable, ranging from 6 to 84%, and 18 of 29 samples display coarse gold contributions in excess of 50%. \n\n\n \nSelect screen metallic fire assays from spot rock chip samples from the Beatons Creek area:\n\n \n\n\nSample\n\n\n\n\nSample weight (g)\n\n\n\n\nWeight of +150 micron fraction (g)\n\n\n\n\nFirst fire assay of -150 micron fraction (gpt)\n\n\n\n\nSecond fire assay of -150 micron fraction (gpt)\n\n\n\n\nWeight of gold in the +150 micron fraction (mg)\n\n\n\n\nCalculated grade (gpt)\n\n\n\n\n% contribution from +150 micron gold\n\n\n\n\n14BCR 1\n\n\n\n\n998.7\n\n\n\n\n4.28\n\n\n\n\n2.12\n\n\n\n...