Business
Novo Resources: Further Standout Becher Gold Results Highlight Encouraging Growth Potential
HIGHLIGHTS Ongoing aircore (“AC”) drilling at Novo’s 100%-owned flagship Becher Project continues to deliver promising results, with over 10,000 m of the planne
About this update from Novo Resources Corp.
[{"type":"text","content":" HIGHLIGHTS Ongoing aircore (“AC”) drilling at Novo’s 100%-owned flagship Becher Project continues to deliver promising results, with over 10,000 m of the planned Q2 2023 20,000 m program complete. Becher is located in the northern section of the Egina Gold Camp 28 km along trend from De Grey Mining Limited’s 10.6 Moz Au (JORC 2012)1 Mallina Gold Project. Drilling is being completed on intrusion-related and structural gold targets generated from the 2022 program2 which identified an initial priority focus area of ~20 sq km at the Heckmair, Irvine and Whillans prospects. 423 holes for a total of 10,080 m of AC drilling have been completed on 320 m spaced infill drill lines (previously 640 m spaced) at the highly prospective Heckmair intrusion and Irvine shear corridor prospects. Promising results have been generated from the first 349 holes under shallow cover (10 – 20 m) including: 3m @ 5.23 g/t Au from 9 m in F1474 3m @ 2.93 g/t Au from 9 m in F1739 3 m @ 2.08 g/t Au from 12 m F1427 3 m @ 1.04 g/t Au from 18 m in F1469 1 m @ 1.57 g/t Au from 30 m in F1603 9 m @ 0.77 g/t Au from 6 m (including 3 m @ 2.05 g/t Au from 6 m) in F1631 15 m @ 0.61 g/t Au from 0 m (including 6 m @ 1.16 g/t Au from 0 m) in F1711 9 m @ 0.39 g/t Au from 51 m in F1597 12 m @ 0.28 g/t Au from 6 m (including 6m @ 0.42 g/t Au from 9 m) in F1498 18 m @ 0.24 g/t Au from 21 m (including 6 m @ 0.39 g/t Au from 24 m) in F1582 Most AC gold intercepts to date have been hosted in hornblende diorite intrusion or sediments. AC drilling is a standard approach of shallow drilling that will be used to guide future deeper drilling. Prioritised targets at Heckmair and Irvine will be assessed for deeper RC drilling in Q3 2023, with the remaining ~10,000 m of AC drilling continuing to test additional key areas at Heckmair and Whillans. Commenting on the drill program, Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said, “We are very excited by further standout assay results from our Becher Project, which is located in the Egina Gold Camp. Our ongoing AC program has highlighted the potential for significant mineralisation throughout the area. Novo has discovered a large broad area of gold anomalism with recent drilling now confirming gold mineralisation extending into the underlying intrusions and sandstone rock units adjacent to De Grey’s Mallina Gold Project. N...