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Novo Resources Corp.
Summary
| Project: | Tuscarora | |
|---|---|---|
| Deposit: | Tuscarora | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-9-2016: Novo Resources Corp. announces an Exploration/Drilling Update report for its Tuscarora deposit at the Tuscarora project. Drilling results incl. 3.05m @ 74.18g/t Au from 158.54m. VANCOUVER, BC, September 13, 2016 - Novo Resources Corp. (“Novo” o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quinton Hennigh (Internal) | |
| ABSTRACT: | VANCOUVER, BC, September 13, 2016 - Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce results from the first two reverse circulation (“RC”) holes at its 100% controlled Tuscarora gold project intersected the targeted Navajo vein extension. Hole 16TSRC-002 encountered 74.18 gpt Au over 3.05 m including 143.50 gpt Au over 1.52 m, and hole 16TSRC-001 encountered 5.96 gpt Au over 3.05 m including 7.20 gpt Au over 1.52 m. True vein widths are estimated to be about half the interval lengths reported above. Holes 16TSRC-001 and 16TSRC-002 were drilled from the same drill pad at different inclinations, -60 and -55 degrees, respectively, to better ascertain the dip of the northnorthwest striking Navajo vein extension (please see figures 1 and 2 below). The vein appears to dip at about 70 degrees to the west in this location. Based upon data from historic drilling near this area, the mineralized vein is believed to extend upwards to the base of overburden at about 62 m below surface and remains open along strike and at depth. Results from additional holes drilled north and south of this location should provide further resolution about the strike and dip of the vein. “We are pleased with the results from the first two holes at Tuscarora,” commented Dr. Quinton Hennigh, President, CEO and a director of Novo Resources Corp. “Both holes intersected the Navajo vein extension as planned. Given the lack of survey data from historic drilling, this target has remained somewhat enigmatic. We hope our drilling will show continuity of the targeted high-grade vein and are looking forward to receiving results from the six remaining holes.” | |
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