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Widespread Continuity of Gold Mineralization Demonstrated by Recent Drilling at Novo's Beatons Creek Gold Project, Western Australia
(via Thenewswire.ca) VANCOUVER, February 13, 2013 - Novo Resources Corp. (the "Company") (C...
About this update from Novo Resources Corp.
[{"type":"text","content":"\nWidespread Continuity of Gold Mineralization Demonstrated by Recent Drilling at Novo's Beatons Creek Gold Project, Western Australia\n\n(via Thenewswire.ca)\n \n \nVANCOUVER, February 13, 2013 - Novo Resources Corp. (the \"Company\") (CNSX: NVO; OTCQX: NSRPF) is pleased to announce Leachwell analytic results from four step-out reverse circulation (RC) drill holes at Grants Hill and nineteen RC holes at Golden Crown Hill at its Beatons Creek Gold Project, Western Australia. These results demonstrate widespread continuity of gold-bearing conglomerates (reefs).\n\n \n \n\"These new results suggest extensive continuity of gold-bearing reefs at Beatons Creek,\" commented Dr. Quinton Hennigh, President and CEO of Novo Resources. \"As we step out from the core area at Grants Hill, we are beginning to see the same, well-established gold-bearing reef package extend northward over a much broader area. At Golden Crown Hill, about a kilometer northeast of Grants Hill, drilling reveals a flat, approximately 15-20 meter thick gold-bearing reef package starting at surface. Our wide-spaced drill holes indicate this horizon connects with the gold-bearing package we have at Grants Hill. Infill drilling later this year will allow us to confirm this model.\"\n\n \n \nGolden Crown Hill Drill Results\n\n \n \nIn late 2012, nineteen RC drill holes were completed at Golden Crown Hill (see attached maps and sections). Leachwell analytic results for these holes (see table below) include 11 meters at 0.97 gram per tonne (gpt) gold including 1 meter at 6.41 gpt gold in hole GCRC12-001, 24 meters at 0.92 gpt gold including 1 meter at 5.92 gpt gold in hole GCRC12-008 and 8 meters at 1.00 gpt gold including 1 meter at 4.66 gpt gold in hole GCRC12-012. \n\n \n \nCollectively, these holes suggest the presence of a gold-bearing reef sequence averaging about 15-20 meters thick at or near surface and extending across an area measuring about 700 meters east-west by 600 meters north-south. Projecting this horizon southward, it now appears quite probable that it is the same gold-bearing reef horizon being drilled at Grants Hill. To confirm this, the Company is permitting additional drill holes to tie these areas together and conduct sufficient infill drilling to demonstrate a high level of confidence in the continuity of this horizon.\n\n \n \n\n ------------------...