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Novo Resources: High-Grade Gold Up to 30.3 g/t Au Defined in Rock Chip Sampling at Nunyerry North, Egina District
HIGHLIGHTS Grid soil sampling at the Nunyerry North prospect, located south-west of the Company’s Egina District, has defined a coherent high-order gold anomaly
About this update from Novo Resources Corp.
[{"type":"text","content":" HIGHLIGHTS Grid soil sampling at the Nunyerry North prospect, located south-west of the Company’s Egina District, has defined a coherent high-order gold anomaly over a strike of 640 m and open to the west Ten soil samples returned > 1 g/t Au including 2.3 g/t Au, 2.13 g/t Au, 1.84 g/t Au and 1.59 g/t Au Rock chip sampling returned peak high-grade results from quartz veins including 30.3 g/t Au, 21.1 g/t Au and 19 g/t Au Results reflect an exciting gold exploration target with the potential for growth Immediate follow up work planned to include further soil sampling and logistics for road access in preparation for drilling later in 2022 Novo’s exploration licence 47/2973 is 70%-owned, with the remaining 30% held by Mark Gareth Creasy and entities controlled by him (the “Creasy Group”)1 These results support Novo’s exploration strategy targeted at growing the Company’s high quality portfolio of gold and battery metals prospects in the Pilbara region of Western Australia VANCOUVER, British Columbia, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to report exciting high-order soil sampling assay results (figure 1) for exploration work conducted in Q4, 2021 at the Nunyerry North gold prospect (“Nunyerry North”) in the West Pilbara (figure 2). Nunyerry North is part of the Croydon Project), which is a 70%/30% joint venture with the Creasy Group1. (Figure 1 – Gold in soil anomaly at the Nunyerry North prospect.) _______________1 Refer to the Company’s news release dated August 31, 2018. “The results from Nunyerry North are an exciting development in our Pilbara exploration program,” commented Dr. Quinton Hennigh, the non-executive co-chairman of Novo. “Identification of these prospects at Nunyerry North is the first step in advancing our understanding of prospectivity in the region, and we look forward to progressing further sampling and drilling efforts during 2022.” (Figure 2 – Nunyerry North prospect location on EL47/2973, highlighting the Creasy joint venture.) Details Recent results from grid soil sampling at 40 x 20 m centers at Nunyerry North have defined a high-order gold anomaly at > 100 ppb Au over a strike of 640 m which remains open to the west (figure 1). The broad anomaly at >300 ppb Au is semi continuous over 600 m str...