- Novo Resources (NVO) expands the Becher Area mineralization with more standout results
- Standout gold results received include 4 meters at just over 4 g/t Au from 8 meters
- RC drilling has started in the Becher Area, with two rigs now testing prospects within 216 sq km of highly prospective, under-explored Mallina Basin geology on the Egina project
- This program was completed in preparation for drill targeting in Q2-2023, with assay results still to come
- Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders
- Novo Resources (NVO) is down 3.57 per cent, trading at C$0.27 at 2:06 pm EST
Novo Resources (NVO) releases results from the aggressive exploration program in the Egina District.
This current drilling program tests high-priority structural and intrusive-related gold prospects within the wider Becher Area.
At present, two drill rigs are now committed to the program.
To date, over 1,120 holes for some 26,500 m of more than 30,000 m regional AC drill program is complete, with a deeper RC drilling program has started.
The RC drilling program will test targets identified from the regional AC drilling program.
The Becher Area drilling program will be suspended during the wet season from mid-December 2022 to early March 2023.
This program was completed in preparation for drill targeting in Q2-2023, with assay results still to come.
Results referred to in this news release are not necessarily representative of mineralization throughout the Egina District.
Regional drill traverses at approximately 640 m line spacing and 25 m hole spacings have been completed across the Irvine Shear, the Whillans Shear and the Heckmair Shear.
Gold assays have been received for over half of the AC program.
The first drill section was targeted to progress previous exciting AC results within the Irvine Shear corridor, which contained 0.67 g/t Au.
These RC samples will be prioritized for assay. Twenty-two priority 1 RC holes remain to be drilled.
Two AC drill lines have also been completed further west-southwest on the southern Irvine Shear corridor.
In addition, specimen gold has been detected in the main target area of the Nunyerry target area.
Follow-up work planned includes heritage surveys and logistics for road access in preparation for drilling in 2023.
The company explores and develops its prospective land package covering roughly 10,500 square kilometres in the Pilbara region of Western Australia.
This includes the Beatons Creek gold project, along with two joint ventures in the Bendigo region of Victoria, Australia.
Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders.
Novo Resources (NVO) is down 3.57 per cent, trading at C$0.27 at 2:06 pm EST.
