Novo Discovers GOLD Nuggets IN First Bulk Sample from Purdy’S Reward, Karratha, Western Australia
Novo Resources Corp.
Suite 1980 – 1075 West Georgia Street
Vancouver, BC, V6E 3C9
NOVO DISCOVERS GOLD NUGGETS IN FIRST BULK SAMPLE FROM PURDY’S REWARD,
KARRATHA, WESTERN AUSTRALIA
VANCOUVER, BC, July 12, 2017 – Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (“Novo” or the
“Company”) is pleased to announce that it has found in situ gold nuggets up to 4cm long in primary
conglomerates from its first trench at its Purdy's Reward prospect and has collected a bulk sample of these
gold-bearing conglomerates for analytical test work. The sample originates from a one meter thick reef
near the top of an 11 meter thick stacked sequence of mineraliz ed conglomerate horizon s. Purdy's
Rewards is part of an 8 km trend that has now been identified by Novo to be highly prospective for
conglomerate gold mineraliz ation considered analogous to the Witwatersrand in South Africa. Purdy's
Reward is part of Novo’s new Karratha gold project located in the West Pilbara, Western Australia and is
situated on lands that are subject to an earn-in/joint venture agreement with Artemis Resources Ltd, an
ASX-listed mining company (please refer to the Company’s news release dated May 26 , 2017 for further
details) .
Trial Bulk Sample
Given the extremely coarse nature of gold found in conglomerates at Novo’s Karratha gold project, Novo
has collected a trial bulk sample from the Purdy’s Reward prospect to help establish sampling and assay
protocols for the project moving forward. Approximately 700 kg of mineralized conglomerate w as
collected from a 2x2 meter exposure of bedrock at the bottom of a half -meter deep trench. The sample
was split into duplicate subsamples that were shipped to Nagrom's Metallugical Laboratory in Perth, WA,
where the samples will be subjected to a series of tests including gravity gold recovery and Cyanide
leaching. This test work will provide the first indication of grade of this unusual deposit.
Fresh rock was encountered at just 30-50cm below a thin soil horizon. The floor of the first 2x2 meter pit
was swept with a metal detector to evaluate distribution of nuggety gold (please watch
https://www.youtube.com/watch?v=8HikwBWn6Mg) resulting in multiple zones of coarse gold being
evident. Extrication of the bulk sample was undertaken with the help of a pneumatic chisel (please watch
https://www.youtube.com/watch?v=SiAGlWyjRq8). Many coarse gold nuggets were readily visible during
excavation, the largest of which was approximately 4 cm long (please see Figures 1 & 2 below). Bedrock
was comprised of heterolithic cobble conglomerate with a sandy matrix. The bed of conglomerate that
was sampled is approximately 1 meter thick and belo ngs to a stacked succession of mineralized
conglomerate horizons approximately 11 meters thick. Strata dip at about 17 degrees to the southwest
at Purdy’s Reward prospect.
Full-Scale Trenching and Large Diameter Drilling
Data from this exercise will help Novo determine the best means of future trench sampling and drilling at
Karratha. Novo plans to undertake full -scale, systematic trench bulk sampling along the strike of the
conglomerate package at Purdy’s Reward beginning in a few weeks. Plans are also being made to test the
use of large diameter reverse circulation (“RC”) drilling on down-dip projections of these conglomerates.
Novo has been in discussions with a drill contractor with capabilities of drilling 17.5” (44.5 cm) diameter
holes and is prepa ring necessary permitting to undertake a test program of around 30 shallow, 20 -50
meter-deep holes.
“We are very excited by visual indications from our first test trench at Purdy’s Reward ,” commented Dr.
Quinton Hennigh, Chairman, President, and a director of Novo Resources Corp. “Numerous gold nuggets
were visible while our crew extracted this first bulk sample from the very unusual gold deposit. Now that
the sample has been shipped to Nagrom Metallurgical Laboratory, we will be working with them to
develop analytical protocols combining gravity gold recovery and CN leaching . We are dealing with an
extreme nugget effect, even greater than that at Beatons Creek. Future work will require careful,
systematic bulk sampling and assaying. Once protocols a re established, we will employ them in our
upcoming trench and large diameter drill programs. This is a very exciting new discovery, and Novo is
ready to meet the challenge of evaluating it.”
Dr. Quinton Hennigh, a qualified person as defined by National Instrument 43-101 and the Company’s
Chairman, President and a director, has approved the technical contents of this news release.
About Novo Resources Corp.
Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia and built
up a significant land package covering approximately 10,000 km2. Novo also controls a 100% interest in
approximately 2 sq km covering much of the Tuscarora Au-Ag vein district, Nevada. For more information,
please contact Leo Karabelas at (416) 543-3120 or e-mail [email protected].
On Behalf of the Board of Directors,
Novo Resources Corp.
“Quinton Hennigh”
Quinton Hennigh
Chairman and President
Forward-looking information
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities
legislation) including, without limitation, the statement as to the expected consummation of the Comet Well Project.
These 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, perform ance or achievements expressed or implied by the statements. Such factors include, without
limitation, the receipt of TSX Venture Exchange approval.
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.
(Figure 1: Coarse gold nuggets exposed in conglomerate bedrock on the floor of the first trial test pit at the
Purdy’s Reward prospect. The largest nugget is 4 cm long and is water worn indicating a paleo -alluvial
origin.)
(Figure 2: A freshly exposed 1 cm diameter nugget exposed in conglomerate bedrock on the floor of the first
trial test pit at the Purdy’s Reward prospect.)