Novo: Extending Scope of Beatons Creek Conglomerate Gold Project
VANCOUVER, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) — Novo Resources Corp. ( “Novo” or the “Company” ) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that mapping and rock sampling have confirmed a new conglomerate discovery located approximately 2 kms to the south-west of the current Beatons Creek conglomerate gold resource (the “ Beatons Creek Resource ”) ( please see the Company’s news release dated April 1, 2019 and the report titled “ Amended and Restated NI 43-101 Technical Report: Mineral Resource Update, Beatons Creek Conglomerate Gold Project, Pilbara Region, Western Australia” dated October 22, 2020 (effective date February 28, 2019) ). The prospect, designated ‘ Skyfall ,’ has been confirmed as a younger depositional cycle in the Nullagine gold project. The mineralisation is located within easy trucking distance to the recently acquired Nullagine mill, providing further extensions to the Beatons Creek conglomerate gold system.
Highlights:
- The Skyfall mineralised package is defined at surface over a strike length of 1.9km and remains open to the west ( please see Figure 1 below ).
- A small outcrop of boulder conglomerate lag higher in the stratigraphy is already included in the existing Beatons Creek Resource. This horizon is now recognised where it projects into the hills (‘Skyfall’) to the southwest.
- Historical assays from Skyfall mineralisation comprise rock sampling with a maximum of 51.3 g/t gold ( please see the Company’s news releases dated January 29, 2014 and July 24, 2014 ) and costean sampling with a maximum of 11.3 g/t gold ( please see the Company’s news release dated June 14, 2017 ) on the small outcrop.
- The Skyfall unit is interpreted as a stratigraphical repeat of the Beatons Creek unit and contains at least three boulder conglomerate lag horizons.
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