For thousands of other reports visit RSC's Mineral Intellingence Map
Novo Resources Corp.
Summary
| Project: | Blue Spec | |
|---|---|---|
| Deposit: | Blue Spec, White Spec | |
| Location: | Australia | |
| Commodities: | Gold-Antimony | |
| Date: | 3/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-3-2017: Novo Resources Corp. announces an Exploration/Drilling Update report for its Blue Spec, White Spec deposit at the Blue Spec project. Drilling results incl. 2.0m @ 10.26g/t Au from 327.0m. Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NV | |
| Resources: | (Resource): 84Kt @ 29.1g/t Au (Ind.) and 234Kt @ 12.2g/t Au (Inf.) at Blue Spec | |
| CP/QP: | [Overall Report]: Quinton Hennigh (Internal) | |
| ABSTRACT: | Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to provide an update on activities at its 100% controlled Beatons Creek and Blue Spec gold projects, Western Australia. Novo has received final assays from its drill campaign at it Blue Spec gold-antimony project late last year. Blue Spec is a high-grade vein system with strong exploration potential. Novo completed seven reverse circulation and core holes in areas east of the Blue Spec high-grade deposit. All holes were drilled from north to south at inclinations of 55-70 degrees, and were designed to test for extensions of mineralization. Reviewing this drill data, Novo considers the best potential to expand mineralization at Blue Spec lies in the down-plunge direction to the east and under the Red Spec area. Further drilling is needed to verify this possibility. True widths of mineralized intercepts are estimated to be approximately 30-40% of reported down-hole intervals. Three wildcat holes were completed at target called White Spec approximately 9 km east of Blue Spec and two km west of the newly discovered Pros Spec zone. Eight shallow reverse circulation holes were completed at the Magic Mountain drill target about 35 km east of Blue Spec. All holes were drilled in a southwestward direction at inclinations of 50-65 degrees. The Magic Mountain target is a 100 m long, near-vertical zone where surface rock chip sampling returned values up to 17.4 gpt Au. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report