Gold Price (USD) 1281.63
TSX.V NVO
OTCQX NSRPF

Novo Provides Pilbara Exploration Program Update

 

VANCOUVER, British Columbia, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to provide an update of exploration activities and short-term objectives at several of its Pilbara gold projects.

Egina:

Karratha:

Beatons Creek:

Talga Talga:

Spot rock chip samples from Talga Talga were submitted to Genalysis Laboratory in Perth, Australia.  Given the occurrence of coarse gold on the property, analyses were performed on 1 kg pulverized charges subjected to LeachWell™ technique. Following LeachWell™ analysis, tailings from each sample were rinsed and dried. A 50 gram split was subjected to fire assay with OES-finish. Grades reported in this news release are a mathematical combination of LeachWell™ analyses and residual gold in tails as determined by fire assay. There were no limitations to the verification process and all relevant data was verified.

Dr. Quinton Hennigh, P. Geo., the Company’s, President and Chairman and a qualified person as defined by National Instrument 43-101, has approved and verified the geological content of this news release.

About Novo Resources Corp.

Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 12,000 sq km with varying ownership interests. 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
President and Chairman

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.

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 planned exploration activities and the expected timing of the receipt of 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, customary risks of the mineral resource industry as well as the performance of services by third parties.

(Figure 1 – Excavation of a 170 tonne bulk sample of gold-bearing lag gravels at Egina. Sand and soil is first stripped off the targeted gravel layer. Yellow material at the base of the bench is weathered sedimentary rock belonging to the Mallina Formation comprising basement in this region. The targeted gravel horizon rests on top of the Mallina Formation and beneath the white line.)

(Figure 2 – Geologic map of the Talga Talga project. Spot rock chip sampling has defined a three kilometer long corridor of mineralized structures extending from McPhee’s Reward in the southwest to NW Australian in the northeast.)

(Figure 3 – Oblique view looking southwest along a three kilometer corridor of mineralized structures extending from NW Australian to McPhee’s Reward. Inset photographs show examples of gold-bearing quartz veins. Dips are generally 35-40 degrees northwest.)

PDFs accompanying this announcement are available at:

http://resource.globenewswire.com/Resource/Download/1a96bcc0-389f-4eda-8a67-421e08cb51e0

http://resource.globenewswire.com/Resource/Download/d6da8e48-7426-4f44-86d4-d195d846d971

http://resource.globenewswire.com/Resource/Download/550a7e5a-b50d-41af-9dcb-c6f56b8f402b

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