Novo to Commence Bulk Sampling Program
VANCOUVER, BC / TheNewswire / July 14, 2016 - Novo Resources Corp. ("Novo" or the "Company") (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce plans to commence bulk sampling at its Beatons Creek gold project beginning approximately July 25, 2016.
In the Company's news release dated June 16, 2016, Novo announced it had received necessary permits to undertake extraction of 30,000 tonnes of mineralized conglomerate from three separate pits. This bulk sampling exercise will provide refined data concerning:
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--mining techniques and costs
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--methods of grade control
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--mining dilution
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--and grade reconciliation
This information will prove important to complete the Company's preliminary economic assessment following bulk sampling.
Novo has engaged a number of Western Australian-based contractors to undertake the mining stage of the test program, expected to last approximately 5-6 weeks. Processing will commence following bulk sampling pending approval of the Works Approval and an amended Mining Proposal.
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 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 core of the Beatons Creek gold project, a 70% interest in approximately 1,800 square kilometers surrounding Beatons Creek and at nearby Marble Bar, and a 100% interest in the Blue Spec gold-antimony project, all 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,
"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.
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, and the anticipated timing of the receipt of permits and the commencement of the Company's bulk sampling program. Forward-looking 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 exploration industry as well as the speed of processing of Novo's permitting applications by the relevant government agency.
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