Novo: Sees Possibility for Significant Growth at Beatons Creek

VANCOUVER, British Columbia, Oct. 06, 2020 (GLOBE NEWSWIRE) — Novo Resources Corp. ( “Novo” or the “Company” ) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that mapping and surface rock sampling indicate the possibility of considerable extensions of the Beatons Creek conglomerate gold system.

Highlights:

• The main M1 and M2 conglomerate gold lodes at the Beatons Creek gold project have been traced at surface along the western side of the Grant’s Hill fault, adding some 1.6 km of surface strike length, and remain open to the west (see Fig u re 1 below ).
• Spot rock chip sample results include results of 2.7 g/t Au, 3.5 g/t Au and 2.1 g/t Au from conglomerate material similar to that within the resource area east of the fault (these grades are not necessarily representative of mineralization at Beatons Creek). These samples are believed to be from the important M1 and M2 conglomerate gold lodes.
• The M1 and M2 gold lodes were encountered in historical diamond drilling within the same fault block, some 3 km to the southeast suggesting this may represent a major extension of the conglomerate system (see Figu r e 2 below ). The system remains wide open down the axis of the Nullagine embayment.
• These newly prospected areas have recently been consolidated under Novo’s control through of the acquisition of Creasy Group interests in the Nullagine area ( for further details, please see the Company’s news releases dated June 1 5, 2020 and Septemb e r 15, 2020 ).

CLICK HERE to read the full news release from Novo Resources (NVO.V).