Business
Novo Resources: Significant Lithium-Tantalum Mineralization Identified in the “Kurrana Pegmatite Swarm” Nullagine, Western Australia
HIGHLIGHTS A sixteen (16) kilometre long swarm of lithium-cesium-tantalum (“LCT”) pegmatites (the “Kurrana Pegmatite Swarm”) has been confirmed some 2 km to 5 k
About this update from Novo Resources Corp.
[{"type":"text","content":" HIGHLIGHTS A sixteen (16) kilometre long swarm of lithium-cesium-tantalum (“LCT”) pegmatites (the “Kurrana Pegmatite Swarm”) has been confirmed some 2 km to 5 km north of the Kurrana Granitic Complex along the contact with the Mosquito Creek Basin. Recent reconnaissance exploration programs defined over 200 pegmatites with numerous geometries and various sizes, some with up to 40% lepidolite. Peak results from Novo rock chip sampling are 1.54% Li2O and 1992 ppm Ta2O5. Historical rock chip sampling by the Creasy Group returned peak high-grade results of 3.36% Li2O, 22 ppm Ta2O5 and 1.14% Li2O, 916.8 ppm Ta2O5. Kurrana Pegmatite Trend is open to the southwest and to the east of the currently defined 16 km prospective zone, potentially covering over 25 km of strike length. Novo’s lithium holdings across its Pilbara tenure are considered non-core and a strategic review process is underway. VANCOUVER, British Columbia, May 24, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to report significant lithium assay results from reconnaissance mapping and sampling of the Kurrana Pegmatite Swarm in the Nullagine District of Western Australia. Results are not necessarily representative of mineralization across the district. The Kurrana Pegmatite Swarm is a 16 kilometre trend hosting LCT pegmatites some 2 km to 5 km north of the Kurrana Granitic Complex (comprising 3.38 - 3.18 Ga Golden Eagle Orthogneiss and a monzogranite of the 2.89 – 2.83 Ga Bonney Downs Granite) along the contact with the Mosquito Creek Basin. Significant Li-Ta potential has been identified along this trend within the Kurrana Pegmatite Swarm, with recently completed reconnaissance exploration programs defining over 200 pegmatites with numerous geometries and various sizes, some with up to 40% lepidolite. Historical Exploration The Quartz Hill project was acquired from the Creasy Group in 20201 and is located south of Novo’s Nullagine gold project. Early exploration programs completed by the Creasy Group on Li-Ta prospectivity identified two zones of anomalism in soil sampling and stream sediment sampling across an approx. 16 km trend. Peak rock chip results returned high grades in lepidolite rich samples including 3.36% Li2O, 22 ppm Ta2O5 and 1.14% Li2O, 916.8 ppm Ta2O5. The western sector...