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Novo Resources: Follow-Up Drilling to Commence at Nunyerry North and New Targets Defined Near Karratha
HIGHLIGHTS Nunyerry North At Nunyerry North, a ~4,000 m RC drill program is to commence next week following significant results from the maiden drill program. T
About this update from Novo Resources Corp.
[{"type":"text","content":" HIGHLIGHTS Nunyerry North At Nunyerry North, a ~4,000 m RC drill program is to commence next week following significant results from the maiden drill program. The program will test multiple new targets along strike of known mineralisation and down plunge of existing intercepts. Significant intercepts from the maiden RC program at Nunyerry North1 included: 6 m @ 6.12 g/t Au from 37 m (NC017) 11 m @ 2.52 g/t Au from 22 m, including 6 m at 4.19 g/t Au from 22 m (NC014) 13 m @ 1.89 g/t Au from surface (NC004) 4 m @ 5.71 g/t Au from 40 m (NC015) 17 m @ 1.34 g/t Au from 37 m, including 4 m at 3.77 g/t Au from 50 m (NC022) 14 m at 1.14 g/t Au from 39 m, including 4 m at 2.16 g/t Au from 41 m (NC006) The upcoming Nunyerry North drilling program successfully qualified for the Western Australian State Government Exploration Incentive Scheme (EIS), awarding up to A$180,000 towards direct drilling costs for the campaign. The EIS is an initiative aimed to encourage exploration in Western Australia for the long-term sustainability of the State’s resources sector. Becher (Egina JV) Egina Earn-in/Joint Venture partner De Grey Mining is scheduled to commence aircore and RC drilling programs in Q2 2024. Programs will include aircore drilling for target generation and RC drilling for follow-up target testing at Heckmair, Irvine and Lowe. Karratha District Recent exploration in the Karratha district has advanced several drill targets, including North Whundo, Railway Bore and East Well. Primary target North Whundo is defined by a significant 1.2 km long Cu-Pd-Au anomaly, with highly anomalous rock chip results including peak values of 4.1 g/t Au+Pt+Pd and3.9 % Cu. At Railway Bore, rock chip results include 9.6 g/t Au, 11.9% Cu and 26 g/t Ag from malachite rich breccia in a swarm of felsic intrusion-hosted quartz veins. At East Well, a 450 m long copper pXRF soil anomaly > 200 ppm Cu delineates the intersection of a high-grade quartz vein trend and a Au-PGE-Cu breccia trend. A maiden RC drilling program is planned to test these three prospects for Au and Au-Cu (+/-Pt and Pd) mineralisation in early Q3 2024, after completing priority Nunyerry North drilling. _______________1 Refer to the Company's news release dated 27 March 2024 VANCOUVER, British Columbia, May 01, 2024 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO...