Novo Resources: Core Drilling Supports Strong Continuity of Conglomerates at Purdy’s Reward

- October 17th, 2017

Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to announce that recent diamond core drilling supports strong continuity of targeted gold-bearing conglomerates at the Purdy’s Reward tenement, a farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited and part of Novo’s greater Karratha gold project, Western Australia.  Over the past two … Continued

Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to announce that recent diamond core drilling supports strong continuity of targeted gold-bearing conglomerates at the Purdy’s Reward tenement, a farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited and part of Novo’s greater Karratha gold project, Western Australia.  Over the past two weeks, twelve diamond core holes have been completed in an east-west oriented area measuring approximately 400×200 m (see Figure 1 below). Targeted conglomerate strata have been intercepted in all holes (see Figure 2 below) and remain open into the greater basin to the southeast.  Strata dip at very shallow angles, generally less than 10 degrees.
As quoted in the press release:

“We are pleased to see strong continuity of the gold-bearing conglomerate unit at Purdy’s Reward,” commented Dr. Quinton Hennigh, President, Chairman and a director of Novo Resources Corp.  “Diamond drill core is providing us our most complete picture to date of this remarkable deposit.  Gold-bearing conglomerates were clearly deposited in a shallow marine setting, an environment that can potentially persist over large lateral extents.  These are not erratic, localized river-lain alluvial deposits. We eagerly await ramping up our core drilling efforts and commencement of our large diameter percussion drill program.”

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