By Cory Core Drilling Supports Strong Continuity of Conglomerates at Purdy’s Reward
Here is the latest news out of Novo. It is encouraging to see the Company adding another drill in the coming week. This is a huge drill program that Novo is under taking. Quinton and his team have explained the exploration plans in prior interviews (click here to listen to an extended interview I had with Quinton and Rob regarding the exploration plans).
Click here to visit the Novo website.
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VANCOUVER, British Columbia, Oct. 17, 2017 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to announce that recent diamond core drilling supports strong continuity of targeted gold-bearing conglomerates at the Purdy’s Reward tenement, a farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited and part of Novo’s greater Karratha gold project, Western Australia. Over the past two weeks, twelve diamond core holes have been completed in an east-west oriented area measuring approximately 400×200 m (see Figure 1 below). Targeted conglomerate strata have been intercepted in all holes (see Figure 2 below) and remain open into the greater basin to the southeast. Strata dip at very shallow angles, generally less than 10 degrees.
As discussed in the Company’s news release dated August 31, 2017, Novo is undertaking a two-pronged approach to drilling at Karratha. Scout diamond core drill holes will help allow initial assessment of the depth and thickness of targeted gold-bearing conglomerates. Once target depth and thickness have been determined, large diameter percussion holes (17.5” diameter) will be drilled to collect bulk samples, something necessary given the nuggety nature of gold mineralization. Novo is currently drilling on a 50 m grid at Purdy’s Reward.
Diamond core has provided invaluable information about the gold-bearing conglomerate strata sandwiched between >3.0 billion year old metamorphic and intrusive rocks and the 2.78 billion year old Mt. Roe Basalt, considered the basal member of the Fortescue Group (see Figure 3 below). The Mt. Roe Basalt appears to rest conformably on top of the conglomerate package suggesting it is of similar age to underlying conglomerates. Basalt flows commonly display pillowed textures and indicating they were extruded into a subaqueous environment, likely a shallow marine setting such as a shoreline. Conglomerate horizons appear to be sheet-like rather than channelized and, like the basalt, are interpreted to have been deposited in a shallow shoreline environment. Sandstone horizons thought to be tidal flat deposits (see Figure 4 below) are interbedded with conglomerate horizons.
Rounded to angular clasts of mafic volcanic and intrusive rocks dominated most conglomerate horizons. A slight distinction is made between a lower sequence that is nearly devoid of quartz and an upper sequence that bears up to 10% rounded white quartz clasts. Novo personnel have noted at surface that while the entire conglomerate sequence has been subject metal detecting activity, most gold appears to be derived from the lower, mafic clast-rich conglomerate sequence. The entire conglomerate sequence ranges from around 4 to 15 meters in true thickness within the area …read more
Source:: The Korelin Economics Report
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