Novo Resources Corp. announced Leachwell analytic results from nineteen new reverse circulation drill holes from its Phase Two drill program at its Beatons Creek Gold Project, Western Australia. The Company has also received high-grade assays from surface samples collected from extensions of gold-bearing conglomerates (reefs).

In late 2012, 107 reverse circulation drill holes were completed as part of Phase Two drilling at Grants Hill to expand the area of gold-bearing reefs as well as infill areas drilled during Phase One earlier last year. Leachwell analytic results for 103 holes have returned. Results from four step-out holes testing for extensions of mineralization to the northwest are still awaited.

Eight reverse circulation drill holes tested about 400 meters of strike along outcropping conglomerates along the margin of the basin at a target called Ronkies Reef located approximately 6.5 kilometers due south of Grants Hill. Leachwell results show low-level gold mineralization is present in all holes. The highest value is one meter at 6.1 gpt gold and the second highest value is 0.55 gpt gold.

A second target, Golden Crown Hill, situated approximately 800 meters northeast of Grants Hill was tested by nineteen reverse circulation holes drilled in an area approximately 500 meters in diameter. Results from these holes are expected back within the next two weeks.