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 5,500 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 a lithium joint venture with SQM Australia Pty Ltd (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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Post by glasradoon Feb 09, 2023 9:08am

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Post# 35276677

Today..

ORIGINAL: Significant New Gold Targets in the Mosquito Creek Basin

2023-02-09 08:55 ET - News Release

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