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Novo Resources Corp.

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Summary

Project:

Tuscarora

Deposit:Tuscarora
Location:United States
Commodities:Gold
Date:10/12/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:12-10-2016: Novo Resources Corp. announces an Exploration/Drilling Update report for its Tuscarora deposit at the Tuscarora project. Drilling results incl. 35.1m @ 1.72g/t Au from 80.8m. VANCOUVER, BC, October 12, 2016 - Novo Resources Corp. (“Novo” or th
Resources:x
CP/QP:[Overall Report]: Quinton Hennigh (Internal)
ABSTRACT:VANCOUVER, BC, October 12, 2016 - Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to provide an update on recent exploration drilling activity at its Blue Spec and Tuscarora gold projects. Novo recently completed a 4,775 foot (1,455 m) reverse circulation drill program at its 100% controlled Tuscarora gold project in Nevada. Eight holes tested the Navajo vein extension, a one km long pediment-covered vein target situated along the south-southeast extension of the Navajo vein, the most prolific past-producing vein in the Tuscarora mining district (please see figure 3 below). In the Company’s news release dated September 13, 2016, Novo announced first assay results from this program including an intercept of 143.5 gpt Au over 1.5 m in hole 16TSRC-002. New results include 21.50 gpt Au over 1.5 m in hole 16TSRC-006 and 1.72 gpt Au over 35.1 m including 7.37 gpt Au over 3.1 m in hole 16TSRC-010. “We are pleased with first round drill results from Tuscarora,” commented Dr. Hennigh. “Due to significant coarse gold in this system, we plan to reanalyze significant gold intercepts using bulk cyanide leach. We expect results from these analyses to be available within a few weeks.”

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