- Novo Resources (NVO) is reporting high-grade mineralization from the reverse circulation drill program at its Talga Talga Gold Project
- The project is located approximately 110 kilometres north of the company’s flagship Beatons Creek conglomerate gold project in Western Australia
- A corridor of mineralized structures approximately three kilometres long has been defined, with the majority of the trend ready to be tested by drilling
- A follow up drilling program is planned for early 2022
- Novo Resources is down 0.55 per cent, trading at $1.81 at 2:37 pm ET
Novo Resources (NVO) is reporting high-grade mineralization from the reverse circulation drill program at its Talga Talga Gold Project.
The Talga Gold Project is located approximately 110 kilometres north of the company’s flagship Beatons Creek conglomerate gold project in the Pilbara region of Western Australia.
Results include three metres at 25.5 grams per tonne of gold from 28 metres, and three metres at 23.3 grams per tonne of gold from 11 metres at the NW Australian prospect.
The significant drilling results are from Novo’s expanded orogenic and brownfields exploration program.
A corridor of mineralized structures approximately three kilometres long has been defined, with the majority of the trend ready to be tested by drilling
The Vancouver-based exploration company is planning a follow up drilling program for early 2022. Follow up drilling will now directly target these high-grade gold plunging shoots to better determine strike extent and depth potential.
“We are excited by these promising results from the Talga Gold Project. Since committing to an A$14.5 million exploration budget through the end of 2021 and accelerating exploration efforts, Novo has been able to target near-mine and regional prospects in an effort to develop its exploration and production pipeline, including additional work anticipated to commence at the Genie and Parnell-Vulture prospects in the coming weeks,” said Novo Resources Non-Executive Co-Chairman director Dr. Quinton Hennigh.
Novo Resources is down 0.55 per cent, trading at $1.81 at 2:37 pm ET.