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Novo Resources: Standout Results From Becher Aircore Drilling Along Trend From Hemi Gold Deposit
HIGHLIGHTS Standout gold results have been intersected on the southern Irvine Shear corridor including 20 m @ 0.67 g/t Au, as part of the current aircore drilli
About this update from Novo Resources Corp.
[{"type":"text","content":" HIGHLIGHTS Standout gold results have been intersected on the southern Irvine Shear corridor including 20 m @ 0.67 g/t Au, as part of the current aircore drilling program at the high priority Becher Area in the Egina District. Over 650 shallow aircore holes for 16,500 m of the > 30,000 m program have been completed. The aircore program will test multiple structural and intrusive targets along a series of significant mineralized corridors, some interpreted to extend to De Grey Mining Limited’s (“De Grey”) Hemi gold deposit within the Mallina gold project (“Hemi”). Several additional quartz veined, large-scale sericite-silica-sulphide alteration zones have been identified from drilling across the Irvine and Whillans Shear corridors, with assays pending. Deeper reverse circulation (“RC”) drilling will commence in November 2022, designed to follow-up significant aircore results and test discrete drill targets within the Becher Area. Numerous targets have been enhanced or newly identified from a recent high resolution aeromagnetic and radiometric survey, coupled with detailed ground gravity surveys which have advanced structural interpretation and geological understanding. Two heritage surveys were recently completed, enabling infill and extensional aircore drilling traverses and RC drilling to be completed for the remainder of 2022 and first half of 2023. Initial results from the Becher Area, combined with previously reported results from Nunyerry North1, reconfirm potential for the Egina District to be a standalone gold production hub. \"Our first aircore drill results have yielded strong gold results at the Becher Area,\" commented Dr. Quinton Hennigh, Non-Executive Co-Chairman of Novo, \"indicating that the Whillans and Irvine shear zones are indeed prospective for deposits similar to those at De Grey's adjacent Mallina project. Aircore drilling, a means of rapid, shallow drilling widely used across Australia as a first pass means of testing new areas for mineralization, is proving highly effective at Becher. Several large-scale anomalies are emerging, the largest of which is 650m across and situated along the southern Irvine shear zone. Alteration assemblages, lithologies, geochemical associations and size of these mineralized areas are similar to those observed in other nearby large gold discoveries. Although we have lots m...