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TSX.V NVO
OTCQX NSRPF

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.

Current Testwork is designed to:

CY 2021 Field Testwork is being designed to:

Further k ey planning steps ahead of field testing in 2021 are as follows :

Statutory Approvals :

Planning:

Concentrate assessment / sorter testing :

Novo CEO and Director, Mr Rob Humphryson commented, “These test results have confirmed our understanding of how sorting can be applied to the Karratha Project. A great deal of planning has gone into ensuring the success of the field trials in 2021, with input from a wide cross section of the Novo team who are at the forefront of the art of applying sorting technology to the Company’s unique gold deposits. Importantly, our recently appointed Project Metallurgist, Mr. Jason Aleknavicius gained operational sorting exposure during this trial to build expertise ahead of field testwork.”

Dr. Quinton Hennigh (P.Geo.) is the qualified person pursuant to NI 43-101 responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is President, Chairman, and a director of Novo Resources Corp.

About Novo Resources Corp.

Novo is advancing its flagship Beatons Creek gold project to production while exploring and developing its highly prospective land package covering approximately 14,000 square kilometres in the Pilbara region of Western Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com

On Behalf of the Board of Directors,

Novo Resources Corp.

“Quinton Hennigh”

Quinton Hennigh

President and Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking information

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, that there is good potential for enhanced gold recovery utilizing mechanical sorting and ability to treat finer crushed material and that mechanical sorting can potentially treat all crushed material generated at Karratha. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the timing of receipt of requisite approvals from DMIRS and DWER, replication of Steinert KSS mechanical sorter results obtained to date in field conditions, and customary risks of the resource industry.

PDFs accompanying this announcement are available at:

Figure 1: http://ml.globenewswire.com/Resource/Download/2e55414a-ef5d-47f5-9791-0ee72d546696

Figure 2: http://ml.globenewswire.com/Resource/Download/15746143-7986-4759-8752-6d9b5c2b3abf

Figure 3: http://ml.globenewswire.com/Resource/Download/e5e1c8f7-c112-45c2-8b64-5b0816e72679

Figure 4: http://ml.globenewswire.com/Resource/Download/09184b09-4712-4d45-9d4f-fb98d9078c40

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