- Novo Resources (NVO) has started a major reverse circulation (RC) drill program at its Parnell-Vulture Trend in Australia
- The Vancouver company is continuing to focus on oxide opportunities at the highly-prospective Nullagine Gold Project
- The 15,000-metre RC drill program got underway during the first week of November
- The drill program is part of the Nullagine Gold Project exploration program ramp-up, with forward programs currently being generated at several priority basement targets
- Novo Resources is up 0.63 per cent, trading at $1.59 at 10:58 am ET
Novo Resources (NVO) has started a major reverse circulation (RC) drill program at its Parnell-Vulture Trend in Australia.
The Vancouver-based mineral exploration company is continuing to focus on oxide opportunities at the highly-prospective Nullagine Gold Project.
The 15,000-metre RC drill program got underway during the first week of November.
The Parnell-Vulture Trend is part of the Nullagine Gold Project and is located around 45 kilometres from the Golden Eagle processing facility.
The Parnell Trend covers a strike length of approximately 2 kilometres and contains a series of vein-hosted targets with historical drill intercepts.
The main mineralized trend at Parnell is mostly untested with modern RC drilling, with only a few and sporadic lines of shallow holes completed in the 1980s and 1990.
The Parnell and Vulture RC drill programs are part of the larger Nullagine Gold Project exploration program ramp-up, with forward programs currently being generated at several priority basement targets.
The company has conducted detailed mapping and gridded soil sampling to determine mineralization potential at the Parnell and Vulture prospects, but has not conducted sufficient work to validate all historic data.
Novo Resources is up 0.63 per cent, trading at $1.59 at 10:58 am ET.