Novo Announces High Grade 3-KG Leachwell Results From Beatons Creek

VANCOUVER, BC / TheNewswire / June 24, 2015 – Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (“Novo” or the “Company”) is pleased to announce new 3-kg LeachWell results from shallow oxide drill holes at its Beatons Creek gold project near Nullagine, Western Australia (please see table at the end of this news release for a comparison between previously announced 1-kg LeachWell and the current 3-kg LeachWell results). These holes were drilled in late 2014 to test a series of nearly flat-lying, oxidized gold-bearing conglomerate horizons (reefs) occurring at shallow depths, generally <20 meters. Please refer to the Company’s news releases dated February 9, February 26, March 10 and April 9, 2015 for maps showing drill hole locations.

A grade-thickness comparison (interval length x grade) of directly comparable 3-kg and 1-kg LeachWell results from 300 intervals shows that grades increase in 191 cases, remain the same in two cases, and decrease in 107 cases. When comparing the sum of grade-thickness between the 3-kg and 1-kg LeachWell results from these same 300 intervals, gold grades increase 33% in the 3-kg over the 1-kg results. Forty-one intervals increase in length, 244 remain the same length and fifteen decrease in length. Importantly, 126 new significant intervals have emerged from the 3-kg LeachWell results (note, in the table at the end of this news release, new intervals are ones in which there are numbers reported under the 3-kg LeachWell heading but not under the 1-kg LeachWell heading).

Several notable high-grade results include 2 m @ 21.00 gpt Au in hole BCRC14-098, 2 m @ 13.54 gpt Au in hole BCRC14-145, 1 m @ 16.42 gpt Au in hole BCRC14-190, 1 m @ 22.31 gpt Au in hole BCRC14-285, 1 m @ 29.18 gpt Au in hole BCRC14-287, and 1 m @ 60.78 gpt Au in hole BCRC14-307. Also notable are several long intercepts including 5 m @ 9.89 gpt Au in hole BCRC14-098, 4 m @ 5.93 gpt Au in hole BCRC14-190, 6 m @ 2.27 gpt Au in hole BCRC14-266, 4 meters @ 5.57 gpt Au in hole BCRC14-285A, 4 m @ 8.01 gpt Au in hole BCRC14-287, and 7 m @ 2.52 gpt Au in hole BCRC14-292.

“We continue to see improvements in grades from our 3-kg LeachWell results,” commented Dr. Quinton Hennigh, President and CEO of Novo Resources Corp. “A comparison of grade-thickness between 3-kg and 1-kg LeachWell results from 300 intervals shows a 33% improvement in gold grades. Also impressive, we now have 126 new reportable gold intervals mainly from subordinate reefs previously considered unimportant. We eagerly await all remaining 3-kg LeachWell results expected back over the next 2-3 weeks at which time resource modeling can commence, a process that will take about 4-6 weeks.”

Please refer to the Company’s news release dated June 11, 2015 for further detail about reverse circulation drilling at Beatons Creek. The Company’s news release dated April 21, 2015 provides a comprehensive review of the project and sampling procedures the Company has employed. All remaining 3-kg LeachWell results will be released once data has returned from the laboratory, expected in approximately 2-3 weeks’ time.


Quality Control and Quality Assurance

Reverse circulation drilling discussed in this news release was conducted under the supervision of Dr. Quinton Hennigh, Novo’s Chief Executive Officer, President and a Director. Drill samples were submitted to Genalysis Laboratories, Perth, WA for analysis. Sample weights range from approximately 15-20 kg. Initially, a 1-kg split of raw drill cuttings was taken from each sample interval and subjected to the LeachWell technique, an accelerated CN leach (6 hour leach time). Due to the nuggety nature of gold mineralization at Beatons Creek, all drill samples containing greater than 0.15 gpt Au are also undergoing LeachWell analysis using a 3-kg split. Results from the latter mode of analysis are expected to demonstrate acceptable analytic variability and thus will be used for resource modeling.

Dr. Quinton Hennigh, a Qualified Person as defined by National Instrument 43-101 and the Company’s Chief Executive Officer, President and a Director, 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 leo@novoresources.com.


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 laws) including, without limitation, the statement that the results of the LeachWell analysis using a 3-kg split to which drill samples containing greater than 0.15 gpt Au are currently undergoing are expected to demonstrate acceptable analytic variability and thus will be used for resource modeling. There is no assurance that the results will be as anticipated by management.

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.


Reverse Circulation Drill Results - Beatons Creek Oxide Resource Drilling Comparison of 1 kg and 3 kg LeachWell Results

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