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Novo Resources: Significant New Gold Targets in the Mosquito Creek Basin
New basin-wide exploration strategy implemented in the Mosquito Creek Basin (“MCB”) proving successful in identifying high priority targets New targets identifi
About this update from Novo Resources Corp.
[{"type":"text","content":" New basin-wide exploration strategy implemented in the Mosquito Creek Basin (“MCB”) proving successful in identifying high priority targets New targets identified at Finucane over two parallel zones of gold and pathfinder anomalism in soil sampling, extending the prospective Middle Creek Fault further east. Each zone trends some five kilometres, with gold assays reporting up to 907 ppb Surface rock sampling at Sayshell reported assays up to 66.6 g/t gold and 26.5 g/t gold, and ~240 grams of gold was recovered from surface nuggets, with results defining a new mineralised corridor > 500 m in strike, north of the Blue Spec Shear Finucane and Sayshell follow-up exploration programs include aircore drilling planned for 2023 A review of the Beatons Creek gold project (“Beatons Creek”) Mineral Resource1 is being progressed following completion of drilling in 2022 “Our exploration team has done an excellent job identifying an exciting pipeline of targets across the Mosquito Creek Basin,” commented Mr. Mike Spreadborough, the Executive Co-Chairman, Acting CEO, and a director of Novo. “When working through the exploration results and geophysical data from 2022, the team identified a compelling opportunity to implement a new basin-wide exploration strategy in the Mosquito Creek Basin focused on identification of targets with the potential to host more than 100 koz gold. Finucane and Sayshell prospects are the first two targets identified in this work for follow up exploration in 2023. “The Company plans to execute an aggressive exploration program in 2023 as we focus our efforts on systematic exploration across our large Pilbara landholding. I am looking forward to the year as we execute a busy exploration season and seek success via discovery.” _________________________1 Refer to the Company’s news releases dated November 2, 2022 and December 16, 2022. VANCOUVER, British Columbia, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an exploration update on the MCB (Figure 1), located in the Nullagine District of Western Australia. Assay results and geophysical data have now been received for exploration programs completed in 2022, part of a new basin-wide exploration strategy focused on identification of targets in the MCB with the pote...