Announcement Date: 2023-06-12
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Novo Resources Corp.
Project name: Becher
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 39m at 0.25g/t Au from 81m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC – Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to report new and significant results and that it will continue the aircore (“AC”) drilling program at Becher. Results referred to in this news release are not necessarily representative of mineralisation throughout the Egina Gold Camp. The continued significant gold and multielement assay results from over 50,000 m drilling to date has identified multiple targets including a large priority area of anomalism across some 5 sq km at Becher and provided the Company with a high-level of confidence to continue the drilling program. Both geological setting and pathfinder multielement assays compare favourably to the adjacent Mallina Gold Project mineralisation with planning for deeper drilling underway. In addition, at the Nunyerry North Prospect, located in the south of the Egina Gold Camp, where a high-grade soil anomaly has previously been identified, ethnographic and archaeological heritage clearances have been completed, allowing the Company to commence final drill program design and planning for a maiden RC drill program to commence in H2 2023. First pass RC drilling at Bellary Dome was recently completed, testing three distinct targets at Catia, Catia East and Edney’s Find. Sporadic intervals of gold mineralisation with a peak interval of 2 m @ 2.72 g/t Au from 8 m at Catia have been returned. The project as a whole is now under review, with no further drilling planned at this time.
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