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Novo Resources Commences 15,000 m RC Drilling Program at the Parnell-Vulture Trend at Nullagine
HIGHLIGHTS Novo continues its brownfields exploration programs focussing on oxide opportunities at its highly prospective Nullagine gold project (“NGP”), with a
About this update from Novo Resources Corp.
[{"type":"text","content":"HIGHLIGHTS Novo continues its brownfields exploration programs focussing on oxide opportunities at its highly prospective Nullagine gold project (“NGP”), with a 15,000 m reverse circulation (“RC”) drilling program commenced at the Parnell-Vulture trend (“Parnell”) during the first week of November 2021. Parnell is located some 45 kms from the Golden Eagle processing facility (“Golden Eagle Plant”) and is accessed by a robust, reliable haul road and associated infrastructure. Parnell covers a strike length of approximately 2 kms and contains a series of vein-hosted targets with historical drill intercepts including 9 m at 8.4 g/t gold from 7 m, 12 m at 14.6 g/t gold from 40 m and 7 m at 6.1 g/t gold from 40 m. These results are not necessarily representative of mineralization throughout the district. First PhotonAssay gold results from the drill program via the Company’s priority arrangement with Intertek1 are anticipated by early December 2021. VANCOUVER, British Columbia, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on brownfields exploration programs focussing on oxide opportunities at its highly prospective NGP. The Parnell and Vulture RC programs are part of the NGP exploration program ramp-up, with forward programs currently being generated at several priority basement targets (figure 1). The main mineralized trend at Parnell is mostly untested with modern RC drilling, with only few and sporadic lines of shallow holes completed in the 1980s and 1990. In 1987, Chase Minerals NL (“Chase”) drilled 25 shallow RC holes totalling 1,098 m, and in 1995, Welcome Stranger Mining Company NL (“Welcome Stranger”) drilled a further 11 RC holes for 420 m (figure 2). Targeting directly in and around small historical workings, these operators returned grades including: 12 m at 14.6 g/t gold from 40 m 9 m at 8.4 g/t gold from 7 m 7 m at 6.1 g/t gold from 40 m These results are not necessarily representative of mineralization throughout the district. This historical data was disclosed in annual exploration reports (“Reports”) filed by Chase and Welcome Stranger with the Western Australian Department of Mines, Industry Regulation and Safety’s (“DMIRS”). The technical information contained herein has been extracted from these Rep...