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Novo Resources: Maiden Drill Program Commences at Nunyerry North
HIGHLIGHTS Novo has commenced its maiden drill program at Nunyerry North, a highly promising exploration target in the southern Egina Gold Camp, Pilbara, Wester
About this update from Novo Resources Corp.
[{"type":"text","content":" HIGHLIGHTS Novo has commenced its maiden drill program at Nunyerry North, a highly promising exploration target in the southern Egina Gold Camp, Pilbara, Western Australia1 Approx. 2,000 m of reverse circulation drilling will focus on investigating structurally controlled gold targets and extensive gold in soil anomalies Previous exploration at Nunyerry delineated a > 1.4 strike km high tenor surface gold anomaly with bonanza grade gold assays from quartz veins in rock chip samples2 Novo’s partner De Grey is planning a substantial drilling program of approximately 39,000 m, commencing in September at the Egina joint venture area3, in the northern Egina Gold Camp, with a focus on the Becher project Drilling activities are also scheduled to commence in the fourth quarter of 2023 at the Bamboo-Strattons and Balla Balla Gold projects in the Pilbara, as well as the Belltopper Gold project in Victoria Figure 1: RC drilling underway at Nunyerry North. VANCOUVER, British Columbia, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT.A) (ASX: NVO) (OTCQX: NSRPF) is pleased to announce the Company has commenced its maiden drill program at Nunyerry North located in the Egina Gold Camp in the Pilbara, Western Australia (Figure 2), with ~ 2,000 m of reverse circulation (RC) planned. The Nunyerry North project is a 70:30 joint venture with the Creasy Group.4 In addition, De Grey Mining Limited (ASX:DEG) (De Grey) is planning ~ 39,000 m of aircore, reverse circulation and diamond drilling commencing at the Becher project in September 2023.5 Drilling activities are also scheduled to commence in the fourth quarter of 2023 at the Bamboo-Strattons and Balla Balla Gold projects in the Pilbara, as well as the Belltopper Gold project in Victoria. Figure 2: Novo’s Pilbara tenure, showing priority prospects and joint venture interests. THE EGINA GOLD CAMP The Egina Gold Camp, home to Novo’s most prospective targets, is an 80 km contiguous tenement package, targeted on a series of structurally complex, gold-fertile corridors and hosted by rocks of the Mallina Basin in the north and mafic / ultramafic sequences further south. These corridors trend towards De Grey’s Pilbara Gold Project to the north and northeast. This tenure has been one of the main focus areas for Novo’s exploration programs over the p...