Novo Resources Corp. (NSRPF)

[TMLonggun]

Novo Resources Samples Gold-Bearing Conglomerates on Newly Acquired Ground (May 13, 2014)

At Elsie Creek, situated approximately 59 kilometers east northeast from Novo's Beatons Creek project near Nullagine, metallic screen fire assays from fourteen spot rock chip samples have returned values ranging between 0.72 and 91.95 ppm gold (see below table). These samples were collected from a reef up to two meters thick that is variably exposed in outcrop over a strike length of approximately 300 meters. The conglomerate is composed of pebbles and cobbles up to 0.5 meter diameter and its matrix displays abundant rounded cavities filled with iron oxides that have resulted from the weathering of detrital (buckshot) pyrite, a common component of the gold-bearing reefs at Beatons Creek. Unlike the gold-bearing conglomerates at Beatons Creek that are hosted by the Hardy Formation, the reef at Elsie Creek is situated at the base of the Mt. Roe Formation, a thick unit of basalt flows at the base of the Fortescue Supergroup. This reef sits unconformably on basement greenstone. Conglomerates at Elsie Creek were first identified by geologists from the Creasy Group in 2011, and fire assays taken at that time returned up to 120 ppm gold.

http://www.baystreet.ca/viewarticle.aspx?id=415550

IIRC 1ppm = 1g/tonne

These are very good results for an initial sampling campaign.