- Novo Resources (NVO) has identified new targets throughout the Becher area at its Egina Gold Camp in Australia
- A completed a 2022 drilling program on the Egina Gold Camp was completed and included the Becher area
- This area is along an interpreted gold-fertile corridor which has multiple high-priority gold targets under shallow cover
- The program successfully defined three standout gold and associated pathfinder element targets at the Irvine, Heckmair and Whillans prospects
- Highly anomalous base metal results were also seen adjacent to Heckmair
- Novo Resources (NVO) is up 3.28 per cent and is trading at $0.31 per share as of 4:07 p.m. EST
Novo Resources (NVO) has identified new targets throughout the Becher area at its Egina Gold Camp in Pilbara Region in Australia.
The company recently completed a 2022 drilling program on the Egina Gold Camp, which included the Becher area. The Becher area is along an interpreted gold-fertile corridor which has multiple high-priority gold targets under shallow cover.
Program successful in defining gold
Drilling from the 2022 program tested broad regional lines and focused on the trending gold-fertile structural corridors. As a result, the program successfully defined three standout gold and associated pathfinder element targets at the Irvine, Heckmair and Whillans prospects.
These targets are all located within a 20-square-kilometre area at Becher, where a shallow cover of 10 to 20 metres exists. Novo Resources expects to start follow-up drilling of these targets during its second fiscal quarter as all of them found trace amounts of gold.
Anomalous base metals are seen as well
Highly anomalous base metal results have also been received adjacent to the main gold target at Heckmair. This area is where a large intrusion is contrasted by several other faults. As a result, a peak value of 3.40 grams of silver per tonne, 0.49 per cent lead, and 0.10 per cent zinc from 20 metres was seen.
Additionally, 20,000 metres of follow-up and extensional drilling are set to begin this quarter. Priority testing has been planned on the Irvine, Heckmair, Bonatti and Lowe prospects.
Novo Resources (NVO) is up 3.28 per cent and is trading at $0.31 per share as of 4:07 p.m. EST.