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Novo Resources Corp.
Summary
| Project: | Blue Spec | |
|---|---|---|
| Deposit: | Blue Spec | |
| Location: | Australia | |
| Commodities: | Gold-Antimony | |
| Date: | 11/29/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2016: Novo Resources Corp. announces an Exploration/Drilling Update report for its Blue Spec deposit at the Blue Spec project. Drilling results incl. 31.0m @ 5.8g/t Au from 376.0m. VANCOUVER, BC, November 29, 2016 - Novo Resources Corp. (“Novo” or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Quinton Hennigh (Internal) | |
| ABSTRACT: | VANCOUVER, BC, November 29, 2016 - Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce assay results from recent drilling at its 100% controlled Blue Spec gold-antimony project, Western Australia. All holes discussed in this news release were drilled using a truck-mounted reverse circulation drill and targeted areas around the Gold Spec high-grade shoot (please refer to Figure 1 below). Hole 16BSDH034, a south-oriented hole drilled at -65 degrees, encountered 5.8 gpt Au over 31 meters, including a narrower high grade interval of 35.0 gpt Au over 4 meters, at a depth of approximately 50 meters below the Gold Spec high-grade and about 400 meters below surface (please refer to Figure 1 and the table of significant drill results immediately following this paragraph). Repeat assays returned 6.9 gpt Au and 43.3 gpt Au from the longer and shorter intervals, respectively. True width of the vein is uncertain because there is a significant northward rotation within the mineralized zone in this area, but it is probably around 25-35% of the reported drill intercept length. At a depth of about 200 m, holes 16BSDH012 and 16BSDH027 tested the east and west sides of the Gold Spec high-grade shoot, respectively. Both holes were drilled from north to south at -60 degrees. Hole 16BSDH012 encountered 15.2 gpt Au over 2 meters and hole 16BSDH027 encountered 40.8 gpt Au over 4 meters including 151.5 gpt Au over 1 meter. Hole 16BSDH027 was the only hole to encounter appreciable antimony, 2.52% Sb and 8.53% Sb for the longer and shorter intervals, respectively. True width of the vein is approximately half the length of reported intervals. | |
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