Novo Completes Drill Program at Tuscarora
Vancouver, BC / TheNewswire / September 8, 2016 - Novo Resources Corp. ("Novo" or the "Company") (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce completion of a 4,775 foot (1,455 m) reverse circulation drill program at its 100%-controlled Tuscarora gold project in Nevada. Eight holes tested the Navajo vein extension, a one km long pediment-covered vein target situated along the south-southeast extension of the Navajo vein, the most prolific past-producing vein in the Tuscarora mining district. The Tuscarora district encompasses an extensive Eocene volcanic rock-hosted epithermal Au-Ag vein system.
In the 1990s, Newcrest Mining Ltd. and Franco-Nevada Corp. each previously explored this target reporting several drill intercepts grading over one oz. per tonne Au. Because down-hole surveys were not conducted on most historic drill holes, demonstrating continuity of the vein proved elusive. To better locate the positions of vein intercepts, Novo has surveyed all drill holes in its recently completed drill program. In addition, Novo drilled two holes at slightly different angles from each of three drill pads so as to intersect the vein twice thus allowing better determination of the orientation of the vein.
All eight drill holes encountered altered and mineralized volcanic rocks, and chips of quartz-adularia vein material was seen in each hole. All samples have recently been collected and submitted to Inspectorate Laboratory in Reno, Nevada. All samples will initially be analyzed by 30 g fire assay. Due to the coarse nature of gold particles, significant gold-bearing intervals will subsequently be analyzed using the LeachWell technique on a 1 kg charge. Novo employed LeachWell analyses with good results at its Beaton Creek project in Australia. Results are expected back over the next few weeks at which time they will be reported to the market.
Blue Spec Drilling
Novo anticipates its Blue Spec drill program in Australia will commence within the next couple weeks. Drilling at Blue Spec and surrounding targets will last through the end of 2016.
Quinton Hennigh (Ph.D., P.Geo.) is the Qualified Person pursuant to National Instrument 43-101 responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is President, CEO and a Director of Novo Resources Corp.
About Novo Resources Corp.
Novo's focus is to evaluate, acquire and explore gold properties. Indirect subsidiaries of Novo hold a 100% interest in the Beatons Creek gold project, a 70% interest in properties surrounding Beatons Creek and Marble Bar, a 100% interest in the Blue Spec gold-antimony project, and options covering approximately 400 square km over the Mosquito Creek Basin, all in the Pilbara region, Western Australia. Novo also controls a 100% interest in approximately 2 sq km covering much of the Tuscarora Au-Ag vein district, Nevada. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.
On Behalf of the Board of Directors,
Novo Resources Corp.
"Quinton Hennigh"
Quinton Hennigh
CEO and President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Copyright (c) 2016 TheNewswire - All rights reserved.