Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

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Novo Resources Corp > News - High Grade Returns

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Comment by likeikeon Jan 21, 2022 3:38pm

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Post# 34344417

RE:News - High Grade Returns

High-Grade Assay Results at the Parnell-Vulture Trend

HIGHLIGHTS

First phase of a 15,000 metre reverse circulation (“ RC ”) drilling program across shallow oxide mineralization on granted mining leases at the Parnell-Vulture Trend was completed prior to the 2021 holiday period, with 83 holes drilled for a total of 5,200 metres
PhotonAssay gold results from Parnell have been received, with significant assays including:
- 7 m at 7.75 g/t gold from 31 m in 21NU0198,
- 4 m at 10.19 g/t gold from 31 m in 21NU0196,
- 13 m at 2.51 g/t gold from 21 m in 21NU0156, and
- 8 m at 3.14 g/t gold from 4 m in 21NU0156
Initial results received from Vulture include:
- 8 m at 10.02 g/t gold from 11 m in 21NU0216
Further results from holes drilled prior to the holiday period will be released in coming weeks
Drilling on the Parnell - Vulture trend is scheduled to recommence on January 24, 2022

The above results are not necessarily representative of mineralization throughout the Parnell-Vulture Trend. Refer to Table 1 for drill results for all holes drilled to date at Parnell – Vulture.