Novo: Field Trial Preparatory Testwork at Steinert Perth Recovers Significant Gold From Previously Untested Fines Fraction

VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) — Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to provide an update on advanced planning ahead of CY2021 field trials using its Steinert KSS mechanical sorter at the Karratha Project (Comet Well and Purdy’s Reward). A highlight of recent preparatory laboratory test work includes successful recovery of significant gold from the previously untested fines fraction (0-8mm) as well as recovery of fine gold encapsulated in rocks from coarser size fractions ( please see figure 1 , figure 2 , figure 3 , and figure 4 below ). Both of these findings indicate good potential for enhanced gold recovery utilizing mechanical sorting and ability to treat finer crushed material. This implies that mechanical sorting can potentially treat all crushed material generated at Karratha

Samples were excavated from sites across Purdy’s Reward and Comet Well and transported to Steinert in Perth, WA. 1:500 scale high resolution mapping was undertaken by Novo geologists prior to excavation of 2 x approximately 5t samples to carefully pinpoint the mineralized target horizon contacts, with the samples being crushed and screened into three size fractions: 0-8mm, 8-25mm and 25-75mm. Mineralization at the Karratha Project is characterized by ‘melon seed’ nuggets, ranging from around 5-10mm, encased amid a chloritic halo of fine gold. Very little evidence exists for fine gold outside of this halo.

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