Bulk Trench Sample Yields 5.83 Grams per Tonne Gold from Novo’s Beatons Creek Gold Project, Western Australia
Novo Resources Corp.
Suite 1980 – 1075 West Georgia Street Vancouver, BC, V6E 3C9
BULK TRENCH SAMPLE YIELDS 5.83 GRAMS PER TONNE GOLD FROM NOVO’S BEATONS CREEK GOLD PROJECT, WESTERN AUSTRALIA
VANCOUVER, BC, August 5, 2015 – Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (“Novo” or the “Company”) is pleased to announce assay results from bulk samples taken from a test trench as well as 75 new costean sample sites. LeachWell analyses from 8 random 50kg samples of mineralized conglomerate (reef) taken from Bulk Sample Trench 2 range from 2.34-9.71 gpt Au and average 5.83 gpt Au (see Beatons Creek Trench LeachWell Gold Results table below). In addition, four costean samples, BCC15-213 thru -216, were taken from reef exposed in the walls of the trench with results ranging from 3.74-9.76 gpt Au and averaging 5.70 gpt Au, nearly matching the grade of the 8 random grab samples (see Beatons Creek Costean LeachWell Gold Results table below and photomosaics 1 and 2 attached to this news release).
Most of the other 71 new costean samples (outside of the four from the bulk sample trench discussed above) come from the central portion of the oxide resource target area and were collected to infill critical gaps in the database (see attached Drilling and Costean map). Results include 1 m @ 14.34 gpt Au from costean BCC15-097, 0.8 m @ 11.02 gpt Au from costean BCC15-104, 1 m @ 19.50 gpt Au from costean BCC15-105, 0.9 m @ 11.59 gpt from costean BCC15-107, 0.5 m @ 11.75 gpt from costean BCC15-115, 0.6 m @ 12.86 gpt Au from costean BCC15-122, and 0.6 m @ 15.92 gpt from costean BCC 15-168. The average grade of all 75 costean samples announced in this news release is 4.39 gpt Au.
“Results from our bulk test trench samples are very encouraging,” commented Dr. Quinton Hennigh, President and CEO of Novo Resources Corp. “Not only is the average grade of the eight random bulk grab samples of reef an impressive 5.83 gpt Au, the four costean samples taken from the walls of the trench average 5.70 gpt Au. The similarity in these numbers suggests that our bulk sampling approach is generating reproducible results in this very nuggety gold system. Such data will form the basis for our upcoming NI43-101 compliant resource model expected to be completed over the next 4-6 weeks.”
Costean samples were taken using pneumatic hammers from thoroughly oxidized gold-bearing reef material exposed in shallow, approximately one-meter wide trenches dug using an excavator or by hand. Given their large size, these samples are considered bulk samples (45-60 kg). The importance of these large samples is discussed in the Company’s news release dated April 21, 2015. Novo collected several hundred costean samples in October and November, 2014 and more recently in March-July, 2015. A further batch of approximately 40 costean samples is due back within the next week or so, as are all outstanding RC drill results.
Quality Control and Quality Assurance
Costean samples discussed in this news release were collected under the supervision of Dr. Quinton Hennigh, Novo’s Chief Executive Officer, President and Director. These samples were taken using pneumatic hammers from thoroughly oxidized gold-bearing reef material exposed in shallow, approximately one-meter wide trenches dug using an excavator or by hand. Costean samples can be considered bulk samples given their large size (45-60 kg). Because costean samples are collected from the top to bottom of a gold-bearing conglomerate horizon over widths of around one meter, they can be considered representative of what is exposed in the trench.
Costean samples were submitted to Genalysis Laboratories, Perth, WA for analysis. Preparation entails crushing the entire sample to -2 mm and pulverizing a 9 kg split to P80 -100 microns. A 3 kg split of pulverized material is subjected to the LeachWell technique, an accelerated CN leach (6 hour leach time) then subjected to analysis by mass spectrometry.
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.
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 core of the Beatons Creek project and a 70% interest in approximately 1,800 square kilometers surrounding Beatons Creek and at nearby Marble Bar in the Pilbara region, Western Australia. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail [email protected].
On Behalf of the Board of Directors,
Novo Resources Corp.
“Quinton Hennigh”
Quinton Hennigh CEO and President
Forward-looking information
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation statements as to the expected receipt of results from various exploration and testing activities. 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 to undertake and complete the planned exploration activities, the receipt of successful results as exploration proceeds, customary risks of the mineral resource exploration industry, dependency upon third parties, assumptions made by management of Novo, as well as Novo having sufficient cash to fund the planned drilling and other activities.
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.
Beatons Creek Trench LeachWell Gold Results
| Bulk Sample Trench 2 | Au (gpt) |
| BCTP15-001 BCTP15-002 BCTP15-003 BCTP15-004 BCTP15-005 BCTP15-006 BCTP15-007 BCTP15-008 Average | 8.32 8.78 3.71 3.07 5.96 2.34 4.77 9.71 5.83 |
Beatons Creek Costean LeachWell Gold Results
| Costean Number | True Reef Thickness (m) | Au (gpt) |
| BCC15-097 BCC15-098 BCC15-099 BCC15-101 BCC15-102 BCC15-103 BCC15-104 BCC15-105 BCC15-106 BCC15-107 BCC15-108 BCC15-109 BCC15-110 BCC15-111 BCC15-112 BCC15-113 BCC15-114 BCC15-115 BCC15-116 BCC15-117 BCC15-118 BCC15-119 BCC15-121 BCC15-122 BCC15-123 BCC15-124 BCC15-125 BCC15-126 BCC15-127 | 1.0 0.8 0.7 0.6 0.7 0.8 0.8 1.0 0.8 0.9 0.5 0.7 0.8 0.8 0.9 0.8 0.7 0.5 1.0 1.0 0.8 0.8 0.6 0.6 0.7 0.6 1.0 0.6 1.0 | 14.34 2.90 2.37 5.08 0.57 0.60 11.02 19.50 4.31 11.59 2.40 1.76 0.87 1.20 0.98 7.11 7.74 11.75 6.24 2.52 8.09 2.51 1.67 12.86 3.22 0.48 2.65 9.70 0.94 |
| BCC15-128 BCC15-129 BCC15-130 BCC15-131 BCC15-132 BCC15-133 BCC15-134 BCC15-135 BCC15-136 BCC15-137 BCC15-138 BCC15-139 BCC15-141 BCC15-142 BCC15-143 BCC15-144 BCC15-145 BCC15-146 BCC15-147 BCC15-148 BCC15-149 BCC15-150 BCC15-151 BCC15-152 BCC15-153 BCC15-154 BCC15-155 BCC15-156 BCC15-157 BCC15-158 BCC15-159 BCC15-161 BCC15-162 BCC15-163 BCC15-164 BCC15-165 BCC15-166 BCC15-167 BCC15-168 BCC15-169 BCC15-170 BCC15-212 | 0.9 0.9 0.8 0.8 0.6 0.9 0.7 0.9 0.8 0.8 0.8 0.5 0.7 2.0 2.0 1.7 0.6 0.6 0.6 0.8 0.8 0.8 0.8 0.8 0.8 1.0 0.9 0.7 1.0 0.8 0.7 0.7 0.7 0.5 0.8 0.8 0.7 0.6 0.6 0.4 0.5 1.0 | 0.62 0.51 3.00 2.71 1.10 0.80 1.23 3.48 4.30 4.19 3.14 2.76 4.81 5.22 5.62 0.20 1.18 3.80 1.15 0.73 4.68 8.10 4.23 0.99 0.35 8.67 4.75 6.96 4.86 0.84 2.05 0.94 1.22 3.24 4.13 0.67 2.14 3.07 15.92 8.60 2.98 9.17 |
| * Taken from walls of Bulk Sample Trench 2 | ||
| BCC15-213* BCC15-214* BCC15-215* | 1.0 1.0 1.0 | 3.54 4.37 9.76 |
BCC15-216* 1.0 5.14 Average* 1.0 5.70
Photomosaic 1
A photomosaic composite of the northwest wall of Bulk Sample Trench 2. Costean site BCC15-216 is highlighted in green. The top and bottom of the gold-bearing reef horizon is marked in blue. Reef contains large siliceous boulders and matrix material displaying numerous after oxidized pyrite clasts. Bulk samples BCTP15-001 thru -008 were collected from such reef material mined from this trench.
Photomosaic 2
A photomosaic composite of the northeast wall of Bulk Sample Trench 2. Costean sites BCC15-215 and -213 are highlighted in green. The top and bottom of the gold-bearing reef horizon is marked in blue. Reef contains large siliceous boulders and matrix material displaying numerous after oxidized pyrite clasts. Bulk samples BCTP15-001 thru -008 were collected from such reef material mined from this trench.
Drilling and Costean Map