Novo Resources Corp. (TSX: NVO) has obtained “significant” results in its ongoing Air Core (AC) drilling programme at the Becher project in Western Australia.
The continued significant gold and multi-element assay results from over 50,000m drilling to date has identified multiple targets including a large priority area of anomalism across some 5sq. km at Becher and provided the company with a high-level of confidence to continue the drilling program.
Both geological setting and pathfinder multi-element assays compare favourably to the adjacent Mallina Gold Project mineralization with planning for deeper drilling underway.
In addition, at the Nunyerry North Prospect, located in the south of the Egina Gold Camp, where a high-grade soil anomaly has previously been identified, ethnographic and archaeological heritage clearances have been completed, allowing the company to commence final drill programme design and planning for a maiden RC drill programme to commence in H2 2023.
First pass RC drilling at Bellary Dome was recently completed, testing three distinct targets at Catia, Catia East and Edney’s Find. Sporadic intervals of gold mineralization with a peak interval of 2.0m @2.72g/t Au from 8.0m at Catia have been returned. The project as a whole is now under review, with no further drilling planned at this time.
Becher Project
The Becher Project covers an area approximately 20sq. km in the north of Novo’s wholly-owned E47/3673 exploration tenement. The area is characterized by shallow cover overlying the highly prospective and under-explored Mallina Basin. Becher is situated adjacent to De Grey’s 10.6Moz Au Mallina Gold Project and 2.5 km south of their Withnell South discovery.
Novo commenced its 2023 Air Core AC programme at Becher in mid-April 2023 and to date has completed 720 holes for over 20,000m, with over 80 holes pending assay results.
“We are very excited by the results generated from our large ongoing Air Core drill programme at Becher,” Executive Co-Chairman and Acting CEO, Mike Spreadborough, said.
“When completing this type of programme, this is the tenor and scale of results which validate our exploration team’s hypothesis of the prospectivity of Becher and support our program ahead of commencing deeper drilling.
“Importantly, Becher is displaying all the right geological characteristics to compare favourably to the mineralization at the adjacent Mallina Gold Project and we are excited to be advancing our drilling programme.
“We are in the right area for major gold deposits and have a standout exploration team focused on discovering the next major gold deposit in the Pilbara. The Becher project has the potential to realize significant shareholder value within the months ahead, shaping up to be a very exciting period for the company and our shareholders.”
For further information please visit: https://novoresources.com/
