- Novo Resources (NVO) released an update on the company’s properties in Australia
- The company is accelerating near-mine exploration programs at its Nullagine Gold Project in Western Australia
- A 20,000-metre reverse circulation (RC) drill program is currently underway and with completion expected during the first half of this year.
- The company has also successfully returned positive results from initial RC drill programs at the Genie and Parnell-Vulture trends in the East Pilbara Project
- Novo Resources is up 1 percent, trading at $1.01 at 11:32 a.m. EST
Novo Resources (NVO) released an update on the company’s properties in Australia.
The company is continuing to grow its portfolio of gold and battery metal properties across the country.
The Vancouver-based mineral exploration company is accelerating near-mine exploration programs at its Nullagine Gold Project in Western Australia.
A 20,000-metre reverse circulation (RC) drill program is currently underway and with completion expected during the first half of this year.
The company has also successfully returned positive results from initial RC drill programs at the Genie and Parnell-Vulture trends in the East Pilbara Project.
New battery-metal and base-metal targets were identified including Purdy’s North, which is adjacent to Azure Minerals’ Andover deposit.
New orogenic gold intrusion-related and conglomerate-hosted gold targets were identified last year, across regional exploration programs including Golden Eye and Becher, Becher Southeast, and Irvine.
The company has also now started a Phase 1 diamond drilling program to test high-priority gold targets at the Belltopper Hill target on the 50-percent-owned Malmsbury Gold Project in Victoria.
Novo Resources is up 1 percent, trading at $1.01 at 11:32 a.m. EST.