Novo Resources Corp. (TSX: NVO) has identified a number of promising targets on the Moquito Creek Basin (MCB0, located in the Nullagine District of Western Australia.
Assay results and geophysical data have now been received for exploration programmes completed in 2022, part of a new basin-wide exploration strategy focused on identification of targets in the MCB with the potential to host more than 100 koz gold.
The Finucane and Sayshell prospects are the first two targets identified in this work for follow up exploration in 2023.
Exploration in 2023 is expected to generate additional opportunities across the MCB by focussing on tenure where limited historical exploration has been conducted by targeting mineralization under cover and by utilising new techniques for direct targeting.
“Our exploration team has done an excellent job identifying an exciting pipeline of targets across the Mosquito Creek Basin,” Executive Co-Chairman and Acting CEO, Mike Spreadborough, said.
“When working through the exploration results and geophysical data from 2022, the team identified a compelling opportunity to implement a new basin-wide exploration strategy in the Mosquito Creek Basin focused on identification of targets with the potential to host more than 100 koz gold. Finucane and Sayshell prospects are the first two targets identified in this work for follow up exploration in 2023.
“The Company plans to execute an aggressive exploration program in 2023 as we focus our efforts on systematic exploration across our large Pilbara landholding. I am looking forward to the year as we execute a busy exploration season and seek success via discovery.”
For further information please visit: https://novoresources.com/
