Novo Resources: Gold Mineralisation Intersected in Maiden Drill Program at Nunyerry North

About this update from Novo Resources Corp.

HIGHLIGHTS Strong results received from the first six drill holes of the maiden drill program at Nunyerry North, including best intercepts of 13 m @ 1.18 g/t Au, 7 m @ 1.12 g/t Au and 3 m @ 1.37 g/t Au.1 Drill program designed to test the > 1.4 strike km surface gold anomaly with high grade gold in rock chip results from sheeted quartz veins.2 24 holes for 2,028 m of reverse circulation (“RC”) drilling completed to date with holes intersecting significant zones of quartz veining. Following on from promising early-stage results, Novo increased the current program to 2,300 m with an additional four holes to be completed by late October 2023. On completion of drilling, approximately 600 m strike of the northern soil anomaly will be partially tested, leaving 700 m to the west and 1.3 km of the southern soil anomaly to be assessed. De Grey Mining (ASX:DEG) commenced aircore (“AC”) drilling at Becher in the Egina Joint Venture area in September 2023, as part of an initial 39,000 m drill program (which is likely to include RC/diamond drilling).2 Drilling activities also scheduled to commence in early November at the Belltopper Gold project in Victoria and planning is underway for drilling on the Balla Balla Gold Project, an emerging target in the Pilbara. Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said, “We are very pleased with these initial results from the drilling at Nunyerry North, which have delivered intercepts of up to 13 m @ 1.18 g/t Au from surface. As a result of these results we have increased the size of the program to 2,300 m and look forward to completing the final holes by late October. “Nunyerry North is an exciting exploration target for Novo and we have only started to understand the potential extent of the gold mineralised system. We are very focused on ensuring the progress we are making on the ground continues and have already begun planning for a follow-up drill program in the first half of 2024. “In addition to Nunyerry North, it is great to see De Grey commence their exploration program at the Becher Project, which is part of our Egina JV. De Grey have outlined a substantial 39,000 m program of AC, RC and diamond drilling. “We will also commence a 2,200 m diamond drill program at our exciting Belltopper Gold project in Victoria in early November. Belltopper is located only ~50 km south of Agnico Eagle’s Fostervi...

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