Novus Gold Corp.: Drilling Starts on REN Gold Propertyadmin
Novus Gold Corp. announce that drilling has commenced on its100%-owned REN gold property in the Northwest Territories. This drill program will last for six weeks prior to a break before the summer drill program begins.
Exploration work, completed in 2009 by Novus, confirmed that the REN property has a number of wide gold-bearing zones hosted in amphibolite iron formation and associated sedimentary rocks. The 2009 drill program consistently showed grades of 2-3 g/t gold over widths of 10-30 metres. Previous work by Cominco, Westview and Texasgulf concentrated on the Main Zone, in a seven- to 10-kilometre-long gold-bearing iron formation. The previous work outlined a gold-bearing zone 300 metres long and up to 300 metres deep. This zone is open along strike in both directions and at depth. This early work did not recognize the potential for large low-grade gold deposits. In addition, there are a number of parallel gold-bearing zones which have only had a cursory examination in the past.
The objective of the 2010 drilling program is to substantially increase the size of the Main Zone and to begin testing the large number of known gold showings on the 25,000 acre property.
Work is also continuing on the Company’s two gold/base metals projects in the Dominican Republic.