Novo's Bulk Sampling Exercise Underway
VANCOUVER, BC / TheNewswire / July 29, 2016 - Novo Resources Corp. ("Novo" or the "Company") (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce it has commenced its 30,000 tonne bulk sampling program at its 100%-controlled Beatons Creek gold project in Western Australia. This bulk sampling exercise will provide refined data concerning mining techniques, costs, methods of grade control, mining dilution and grade reconciliation, information critical to help the Company complete its preliminary economic assessment.
While sampling was initially expected to take approximately 5-6 weeks, stripping of overburden is occurring faster than anticipated. Novo believes it can complete sampling in significantly less time and at a reduced cost. Processing will commence following the receipt of necessary approval.
In the Company's news release dated June 23, 2016, Novo discussed plans for exploration drilling at its Blue Spec project. Permits for exploration drilling were lodged in late June, 2016 and have since been approved, clearing the way for this program to move forward. Certain staff currently allocated to bulk sampling will be free to commence preparations for drilling once bulk sampling is complete. Novo plans to issue a news release outlining the Blue Spec drill program within the next month.
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 surrounding Beatons Creek and at nearby Marble Bar, and a 100% interest in the Blue Spec gold-antimony project, and options covering approximately 400 square km over the Mosquito Creek Basin, 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 success 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.
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