Novo Resources: Discovers Gold Nuggets in First Bulk Sample From Purdy’s Reward, Karratha, Western Australia
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 …
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 mineralized conglomerate horizons. Purdy’s Rewards is part of an 8 km trend that has now been identified by Novo to be highly prospective for conglomerate gold mineralization 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) .
As quoted in the press release:
“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 are 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.”