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Novo Resources: Drilling Underway at Highly Prospective Becher Project
HIGHLIGHTS +20,000 m aircore (“AC”) drilling program underway in the northern Egina Gold Camp at Novo’s flagship Becher Project, located in the Pilbara, Western
About this update from Novo Resources Corp.
[{"type":"text","content":" HIGHLIGHTS +20,000 m aircore (“AC”) drilling program underway in the northern Egina Gold Camp at Novo’s flagship Becher Project, located in the Pilbara, Western Australia. Becher is situated adjacent to De Grey Mining Limited’s 10.6 Moz Au (JORC 2012)1 Mallina Gold Project and 2.5 km south of their new Withnell South discovery2. New results from 1 m split re-assay AC samples closely mirror intercepts from previously reported composite samples3 and include high grades of: 1 m @ 7.27 g/t Au from 9 m (F0632) at the intersection of the Irvine and Heckmair trends 1 m @ 3.1 g/t Au from 17 m (F519) at Whillans 1 m @ 4.27 g/t Au from 17 m (F1393) at Bonatti Analysis of multielement geochemistry from the 2022 AC drill program identified prospective hornblende-diorite intrusions (“sanukitoids”) within and around the targeted structural corridors; these intrusions are commonly associated with gold deposits in the Mallina Basin. The AC program will test multiple, high-priority structural and intrusion-hosted gold targets, delineated in well-defined and highly anomalous structural corridors and scheduled for completion by end Q2 2023. High-priority drill prospects are Heckmair, Irvine and Whillans, based on significant gold and pathfinder anomalies and “sanukitoid” intrusion-related signatures in bottom of 2022 AC drill hole samples. Commenting on the drill program, Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said, “We are very excited to have recommenced drilling at our flagship Becher Project, as we embark on a targeted +20,000 m follow-up program for this quarter. Importantly, results from our 2022 drill program have confirmed the right geological indicators for discovery success and we believe there is significant prospectivity in the Becher area.” _______________1 De Grey has reported that its Hemi deposit at the Mallina Gold Project is comprised of Measured Mineral Resources of 4.7 Mt @ 1.7 g/t Au for 265 koz Au, Indicated Mineral Resources of 153.4 Mt @ 1.3 g/t Au for 6,590 koz Au, and Inferred Mineral Resources of 92.6 Mt @ 1.3 g/t Au for 3,779 koz Au, as those categories are defined in the JORC Code (as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects). Refer to De Grey’s public disclosure record for further details.2 While certain aspects of Becher mineralisation seem analogous to...