Diamond Core Drilling Completed at Novo's Beatons Creek Gold Project, Western Australia
April 04 2013 - 9:15AM
Access Wire
VANCOUVER, April 4, 2013 - Novo Resources Corp. (the "Company")
(CNSX: NVO; OTCQX: NSRPF) is pleased to announce that it has
completed eight diamond core holes at its Beatons Creek Gold
Project, Western Australia. Data collected from this core will
enable completion of the first NI 43-101 compliant resource at
Beatons Creek, anticipated by early May.
"Our initial drilling was entirely reverse circulation which
produces samples consisting of small chips," commented Dr. Quinton
Hennigh, President and CEO of Novo Resources. "These core holes
provide our first look at the gold-bearing conglomerates at Beatons
Creek. In places, the matrix of these conglomerates displays high
concentrations of pyrite pebbles and finer grained 'buckshot'
pyrite similar to that observed in some gold-bearing conglomerates
from the Witwatersrand Basin in South Africa. We will be quite
eager to see how upcoming assays from our core compare to these
positive visual indications."
Diamond Core Drilling
Eight PQ-size diamond core holes were completed at Beatons Creek
between February 5 and March 22, 2013 (see attached drill plan
map). Heavy rains from Cyclone Rusty delayed access to site causing
a two-week delay in the anticipated date of completion of this
program. Each core hole twinned an earlier reverse circulation
drill hole completed in 2011 and 2012. The Company is currently
preparing this core for specific gravity (SG) measurements,
assaying and various metallurgical tests.
Upon receipt of SG measurements, a NI 43-101 compliant resource
estimate will be finalized by Tetra Tech WEI Inc, Perth, Australia
with a completion date now expected in early May, 2013. Assay and
metallurgical test results are expected back by mid-2013.
All eight diamond core holes encountered boulder conglomerates,
some of which display pyrite pebbles and small, rounded pyrite
grains termed "buckshot" pyrite (see attached core photos). Such
pyrite closely accompanied gold-bearing intervals in nearby reverse
circulation drill holes.
Surface Samples
In a news release dated January 24, 2013, the Company discussed
assay results from rock chip samples taken in areas north of Grants
Hill at Beatons Creek (see attached rock chip samples map). SGS
Laboratory in Perth, Australia first assayed these samples from
which high numbers were reported. To verify these results, the
Company had these samples re-assayed by Intertek-Genalysis
Laboratory Services Pty Ltd, Perth, Australia ("Genalysis").
Genalysis reported similar high gold values. Variability displayed
by repeat assays is believed due to nugget effect.
---------------------------------------------------------------------
|Beatons Creek 2012 Rock Chip | | | |
|Samples | | | |
|-------------------------------------------------------------------|
| |SGS |Genalysis |Genalysis |Genalysis |Genalysis |
| |Laboratory|Labs (FA) |Labs (FA) |Labs (FA) |Labs (FA) |
| |(FA)* | | | | |
|-------------------------------------------------------------------|
| |Gold |Gold |Gold-repeat|Gold-repeat|Gold-repeat|
| | | |1 |2 |3 |
|-------------------------------------------------------------------|
|Sample |(grams per|(grams per|(grams per |(grams per |(grams per |
|Number |tonne) |tonne) |tonne) |tonne) |tonne) |
|-------------------------------------------------------------------|
|GCKS001 |3.01 |2.32 | | | |
|-------------------------------------------------------------------|
|GCKS002 |2.41 |1.91 | | | |
|-------------------------------------------------------------------|
|GCKS003 |26.50 |26.70 |43.59 |19.81 | |
|-------------------------------------------------------------------|
|GCKS004 |3.58 |2.51 | | | |
|-------------------------------------------------------------------|
|GCKS005 |0.81 |0.80 | | | |
|-------------------------------------------------------------------|
|GCKS006 |0.11 |0.10 | | | |
|-------------------------------------------------------------------|
|GCKS007 |6.76 |10.11 |7.39 |11.51 | |
|-------------------------------------------------------------------|
|GCKS008 |3.68 |4.29 | | | |
|-------------------------------------------------------------------|
|GCKS009 |9.46 |7.47 | | | |
|-------------------------------------------------------------------|
|GCKS010 |2.11 |0.30 | | | |
|-------------------------------------------------------------------|
|GCKS011 |0.38 |1.30 | | | |
|-------------------------------------------------------------------|
|GCKS012 |0.04 |0.21 | | | |
|-------------------------------------------------------------------|
|GCKS013 |2.78 |5.79 | | | |
|-------------------------------------------------------------------|
|GCKS014 |1.88 |1.92 | | | |
|-------------------------------------------------------------------|
|GCKS015 |0.77 |0.92 | | | |
|-------------------------------------------------------------------|
|GCKS016 |27.80 |6.03 | | | |
|-------------------------------------------------------------------|
|GCKS017 |0.59 |0.93 | | | |
|-------------------------------------------------------------------|
|GCKS018 |2.87 |3.40 | | | |
|-------------------------------------------------------------------|
|GCKS019 |9.10 |5.93 | | | |
|-------------------------------------------------------------------|
|GCKS020 |5.17 |5.41 | | | |
|-------------------------------------------------------------------|
|GCKS021 |8.64 |11.90 | | | |
|-------------------------------------------------------------------|
|GCKS022 |8.64 |22.10 |4.85 |7.32 |8.12 |
|-------------------------------------------------------------------|
|GCKS023 |0.84 |1.05 | | | |
|-------------------------------------------------------------------|
|GCKS024 |2.74 |2.46 | | | |
|-------------------------------------------------------------------|
|GCKS025 |1.04 |0.35 | | | |
|-------------------------------------------------------------------|
|GCKS026 |0.09 |0.65 | | | |
|-------------------------------------------------------------------|
|GCKS027 |0.27 |0.23 | | | |
|-------------------------------------------------------------------|
|GCKS028 |1.86 |5.89 | | | |
|-------------------------------------------------------------------|
|GCKS029 |0.52 |0.54 | | | |
|-------------------------------------------------------------------|
|GCKS030 |7.73 |7.93 | | | |
|-------------------------------------------------------------------|
|GCKS031 |1.17 |1.08 | | | |
|-------------------------------------------------------------------|
|GCKS032 |1.17 |1.53 | | | |
|-------------------------------------------------------------------|
|GCKS033 |2.89 |1.72 | | | |
|-------------------------------------------------------------------|
|GCKS034 |0.45 |0.44 | | | |
|-------------------------------------------------------------------|
|GCKS035 |7.45 |2.91 | | | |
|-------------------------------------------------------------------|
|GCKS036 |0.52 |1.48 | | | |
|-------------------------------------------------------------------|
|GCKS037 |6.55 |2.53 | | | |
|-------------------------------------------------------------------|
|GCKS038 |0.77 |0.92 | | | |
|-------------------------------------------------------------------|
|GCKS039 |0.16 |0.18 | | | |
|-------------------------------------------------------------------|
|GCKS040 |4.51 |4.07 | | | |
|-------------------------------------------------------------------|
|GCKS041 |10.60 |17.21 |26.32 | | |
|-------------------------------------------------------------------|
|GCKS042 |51.20 |39.62 |64.27 |72.05 | |
|-------------------------------------------------------------------|
|GCKS043 |16.30 |36.82 |23.63 |9.87 | |
|-------------------------------------------------------------------|
|GCKS044 |15.60 |15.54 |13.98 | | |
|-------------------------------------------------------------------|
|GCKS045 |22.10 |20.30 |14.19 | | |
|-------------------------------------------------------------------|
|GCKS046 |4.23 |4.80 | | | |
|-------------------------------------------------------------------|
|GCKS047 |13.40 |12.87 | | | |
|-------------------------------------------------------------------|
|GCKS048 |0.07 |0.21 | | | |
|-------------------------------------------------------------------|
|GCKS049 |11.50 |17.72 | | | |
|-------------------------------------------------------------------|
|GCKS050 |0.23 |0.23 | | | |
|-------------------------------------------------------------------|
|GCKS051 |0.38 |0.31 | | | |
|-------------------------------------------------------------------|
|GCKS052 |0.21 |0.22 | | | |
|-------------------------------------------------------------------|
|GCKS053 |2.82 |3.12 | | | |
|-------------------------------------------------------------------|
|GCKS054 |10.80 |18.65 | | | |
|-------------------------------------------------------------------|
|GCKS055 |8.52 |8.97 | | | |
|-------------------------------------------------------------------|
|GCKS056 |15.80 |20.75 | | | |
|-------------------------------------------------------------------|
|GCKS057 |7.96 |7.73 |7.52 | | |
|-------------------------------------------------------------------|
|GCKS058 |2.42 |2.19 | | | |
|-------------------------------------------------------------------|
|GCKS059 |2.49 |2.62 | | | |
|-------------------------------------------------------------------|
|GCKS060 |2.09 |1.08 | | | |
|-------------------------------------------------------------------|
|GCKS061 |0.92 |0.63 | | | |
|-------------------------------------------------------------------|
|GCKS062 |0.91 |1.12 | | | |
|-------------------------------------------------------------------|
|GCKS063 |1.01 |1.26 | | | |
|-------------------------------------------------------------------|
|GCKS064 |1.12 |1.12 | | | |
|-------------------------------------------------------------------|
|GCKS065 |0.65 |0.66 | | | |
|-------------------------------------------------------------------|
|* Announced in a news release dated January 24, 2013 |
---------------------------------------------------------------------
Quality Control and Quality Assurance
Surface rock chip samples initially reported on January 24,
2013, were prepared and analyzed by SGS Laboratories, Perth,
Australia. Fire assays were employed using a 50 gram charge and ICP
finish. These same samples were re-assayed by fire assay method by
Intertek-Genalysis Laboratory Services Pty Ltd, Perth, Australia,
using a 50 gram charge and ICP finish and are reported in this news
release.
Dr. Quinton Hennigh, the Company's Chief Executive Officer,
President and Director and a Qualified Person as defined by
National Instrument 43-101, has approved the technical contents of
this news release. Novo Resources personnel have performed work at
Beatons Creek under the supervision of Dr. Hennigh.
TO VIEW IMAGES COPY URL BELOW AND PASTE IN NEW BROWSER
WINDOW
Drill Plan Map
http://thenewswire.ca/client_files/2013-04-03-0.pdf
Core Photos
http://thenewswire.ca/client_files/2013-04-03-1.pdf
Rock Chip Samples Map
http://thenewswire.ca/client_files/2013-04-03-2.pdf
About Beatons Creek
The Beatons Creek Tenements cover extensive exposures of the
Beatons Creek conglomerates, a series of Archaean age pyritic
conglomerates hosting gold mineralization similar to that of the
Witwatersrand Basin in the Republic of South Africa. Shallow gold
reefs were first identified and mined in this area beginning in the
late 1800's. Novo Resources' current drill program is the first
modern, systematic exploration on the property.
About Novo Resources Corp.
Novo's focus is to evaluate, acquire and explore natural
resource properties. The Company presently has joint ventures
earning a 70% interest two exploration properties, Beatons Creek
and Marble Bar, situated in Western Australia. 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
The Canadian National Stock Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of the
content of this news release.
Forward-looking information
Some statements in this news release contain forward-looking
information (within the meaning of Canadian securities
legislation), including, without limitation, the statements
regarding the completion of a NI 43-101 compliant resource estimate
and the expected receipt of assay and metallurgical test results.
These statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the statements. Such factors
include, without limitation, the ability of Tetra Tech WEI Inc to
complete the NI 43-101 compliant resource estimate and deliver the
assay and metallurgical test results within the currently
anticipated time periods, as well as customary risks of the mineral
resource exploration industry.
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