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High Grade Gold Anomaly Extended at John Bull in Preparation for Drilling
HIGHLIGHTS Detailed mapping, soil sampling and rock chip sampling recently completed by N...
About this update from Novo Resources Corp.
[{"type":"text","content":"High Grade Gold Anomaly Extended at John Bull in Preparation for Drilling \n\n\n\n\n HIGHLIGHTS\n \n\n\n\n Detailed mapping, soil sampling and rock chip sampling recently completed by Novo at the John Bull Gold Project follows previously reported outstanding results by TechGen Metals Limited (TechGen) (ASX: TG1)\n \n 1\n \n .\n \n\n Novo soil sampling extended the known > 100 ppb Au anomaly\n \n to ~ 1.5 km strike\n \n with a\n \n peak soil result of 1.59 g/t Au\n \n .\n \n\n Novo rock chip sampling returned peak results of\n \n 67.9 g/t Au and 29 g/t Au\n \n from sheeted quartz veins in NW and NE trending mineralised structural zones, demonstrating potential for high-grade mineralisation.\n \n\n Targets have been defined by high order soil anomalism and including sheeted quartz veins within preferred lithology, fault zones with intense sericite alteration and brecciation; and an\n \n Induced Polarisation\n \n geophysical anomaly co-incident with a major structure.\n \n\n\n A ~1,500 m RC drill program is planned\n \n to commence in June 2025 (drill rig availability dependent), with four key targets identified.\n \n\n The recent exploration campaign has\n \n significantly enhanced\n \n the understanding of the mineral system and strongly supports presence of an\n \n Intrusion Related Gold System\n \n (\n \n IRGS\n \n ) model.\n \n\n Element zonation suggests a\n \n proximal Sn-Bi-As core c\n \n\n\n e\n \n\n\n ntred on a porphyritic intrusion\n \n mapped in the SW of the project area, flanked by intermediate Au-Mo-Cu-Sb-Te zones, and surrounded by the distal halo of sheeted veins with an Au-As-Sb-W association.\n \n\n Peak results from multielement sampling include\n \n 0.49% W, 780 ppm Sb, 5.6 ppm Mo and 14.9 ppm Bi\n \n .\n \n\n\n\n Mike Spreadborough, Executive Co-Chairman and Acting Chief Executive Officer, said:\n \n “The recent exploration mapping and sampling campaign at John Bull has provided some exceptional drill targets, which we are excited to test through a ~1,500 m RC program in June.”\n \n\n\n\n “Sourcing drilling contractors is underway and governmental approvals for the drilling campaign are eagerly awaited. Detailed mapping has delineated a large gold system interpreted to be associated with a porphyry in the SW portion of the John Bull tenement. Future work will expand on mapping and samp...