World News: 13:00 GMT Tuesday 3rd December 2019. [Novo Resources Corp. via Globe Newswire via SPi World News]
VANCOUVER, British Columbia, Dec. 03, 2019 (GLOBE NEWSWIRE) -- (“” or the “”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce it has received gold assay results from the sub 1 mm fraction from bulk samples from its Egina gold project, Pilbara, Australia.
“A more complete picture of alluvial gold and its distribution is taking shape at Egina,” commented Quinton Hennigh, President and Chairman of Novo Resources Corp. “Terrace gravels at Egina appear to host gravels containing appreciable gold from areas such as the swale and its margins, around 1.14 grams per cubic meter weighted average of which 85% by weight occurs as over 1 mm particles and 15% as under 1 mm particles. Such areas are surrounded by gravels that appear to carry a base load of around 0.3 grams per cubic meter weighted average of which 50% by weight occurs as over 1 mm particles and 50% as under 1 mm particles, gravels that can be considered more “traditional” in the sense of alluvial gold grades. Although we call the sub 1 mm gold “fine,” it is mostly comprised of over 0.1 mm particles that should be readily recoverable by traditional dry gravity concentrators such as rotary air concentrators. We also see potential for mechanical sorting to recover such gold and will be testing that possibility shortly. In brief, we see the contribution of sub 1 mm gold as a benefit to the project without adding significant technologic hurdles with respect to recovery. Our terrace covers many hundreds of square kilometers, so if this style of mineralization persists across the greater region, we think we have considerable potential for finding a large gold deposit that can be treated by dry, chemical-free processing.”
Coarse gold (over 1 mm) was detected in the field while collecting bulk samples and recovered from centrifugal concentrators and the sluice on Novo’s IGR3000 gravity gold plant. Sub 1 mm gold from the IGR3000 plant was processed by shaker table into a concentrate. Concentrates were analyzed by a combination of cyanid leach and fire assay at SGS Laboratory, Perth, Australia. Tailings from Novo’s IGR3000 gravity gold plant were collected routinely while processing each bulk sample, were dried, then analyzed utilizing Chrysos TM PhotonAssay in approximate 500 gram charges then calculating a weighted average grade.
Dr. Quinton Hennigh, P. Geo., the Company’s, President, Chairman, Director, and a qualified person as defined by National Instrument 43-101, has approved the technical contents of this news release.
Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 13,000 sq km with varying ownership interests. For more information, please contact Leo Karabelas at (416) 543-3120 or email
On Behalf of the Board of Directors,
A PDF accompanying this announcement is available at:
Globe Newswire: 13:00 GMT Tuesday 3rd December 2019
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