Novo Receives Drill Approvals
VANCOUVER, BC / TNW-ACCESSWIRE / September 10, 2014 / Novo Resources Corp. (CSE: NVO; OTCQX: NSRPF) ("Novo" or the "Company") is pleased to announce it has received letters of approval from the Western Australian Department of Mines and Petroleum for its Programme of Work applications. These applications cover the area where the Company plans to target drilling of shallow, oxidized gold-bearing conglomerate horizons as part of its goal of defining significant resources suitable for development in a 1,000-2,000 tonne-per-day mining and processing scenario (refer to Novo's news release dated July 24, 2014). Also received were approvals for drilling deep test holes at Beatons Creek and Contact Creek. The Company plans to commence drilling within the next two weeks.
"We have over 300 shallow drill holes planned to test the broad area underlain by shallow, oxidized gold-bearing conglomerates," commented Dr. Quinton Hennigh, President, CEO and Director of Novo Resources. "Our goal is to gather sufficiently high quality data from these holes combined with bulk sampling of outcropping reefs to define indicated and/or measured oxide resources that can be advanced to feasibility by late 2015."
Dr. Quinton Hennigh, the Company's Chief Executive Officer, President and Director and a Qualified Person as defined by National Instrument 43-101, has approved the technical contents of this news release.
About Novo Resources Corp.
Novo's focus is to evaluate, acquire and explore gold properties. The company presently has multiple joint ventures earning a 70% interest in approximately 20,000 square kilometers of the Pilbara region, Western Australia. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.
On Behalf of the Board of Directors,
"Quinton Hennigh"
Quinton Hennigh
CEO and President
Forward-looking information
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the statement that Novo has plans to drill over 300 shallow holes with the goal of defining significant resources suitable for development in a 1,000-2,000 tonne-per-day mining and processing scenario and advancing to feasibility by the end of 2015. These 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 ability to undertake and complete the planned exploration activities, the receipt of successful results as exploration proceeds, customary risks of the mineral resource exploration industry, assumptions made by management of Novo, as well as Novo having sufficient cash to fund the planned drilling and other activities.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Copyright (c) 2014 TheNewswire - All rights reserved.