- Novo Resources (NVO) continues to expand mineralization in their exploration program in the Becher Area
- Standout gold results were received from aircore (AC) drilling at the Irvine prospect, with numerous intercepts greater than 0.1 g/t gold
- The geology of the Nunyerry North target area includes quartz vein-related gold mineralization within a sequence of ultramafic komatiites and mafic rocks, juxtaposed by regional shears and offset faults
- Novo Resources (NVO) is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold
- Novo Resources (NVO) is trading at C$0.27 as of 3:40 pm ET
Novo Resources (NVO) continues to expand mineralization in their Becher Area exploration program.
Reverse circulation (RC) drilling started with two rigs now testing prospects at surface level. The Becher Area contains multiple high-priority, orogenic gold targets in the prospective under-explored Mallina Basin.
Standout gold results were received from aircore (AC) drilling at the Irvine prospect, including 4 m at 4.02 g/t gold from 8 m with numerous intercepts greater than 0.1 g/t gold.
The systematic AC program includes over 1,120 shallow holes for more than 26,500 m of the 30,000 m program on 26 drill lines and continues to generate new targets. Currently, two drill rigs are now committed to the program.
A broad 100 m to 250 m wide, intense quartz-veined alteration zone has been identified at the Lowe prospect across two 320 m spaced AC drill lines.
At the Irvine prospect, which contains previously reported assays in AC drilling of 20 m at 0.67 g/t gold, the first 12 RC drill holes totalling 1,109 m have intersected numerous zones of veining and alteration with sulphide. These RC samples are prioritized for assaying.
Two follow-up AC drill lines, southwest on the Irvine Shear corridor, have extended the strike of the alteration zone to over 1.5 km.
To date, regional drill traverses at approximately 640 m line spacing, and 25 m hole spacings have been completed across the Irvine Shear, the Whillans Shear and the Heckmair Shear, with the AC drilling rig now focussing on the northeast at the Lowe Prospect.
The first drill section was targeted to progress previous AC results within the Irvine Shear corridor containing 20 m at 0.67 g/t gold.
The drill holes have intersected numerous zones of intense alteration with quartz veining and some sulphidic zones. These RC samples will be prioritized for assay. Twenty-two priority 1 RC holes remain to be drilled.
In addition, two AC drill lines have also been completed further west-southwest on the southern Irvine Shear corridor, extending the strike continuity of the alteration intersected previously.
The geology of the Nunyerry North target area includes quartz vein-related gold mineralization within a sequence of ultramafic komatiites and mafic rocks juxtaposed by regional shears and offset faults.
Follow-up heli-supported mapping and soil and rock chip sampling have recently been completed at Nunyerry North, and assays are pending.
Nunyerry North hosts a 1.4 km long, high-order surface soil anomaly, where rock chip sampling in 2021 returned peak high-grade results from quartz veins, including 30.3 g/t Au, 21.1 g/t Au and 9 g/t Au, with additional sampling in 2022 delivering 8.81 g/t Au and 7.39 g/t Au. Specimen gold has been detected in the main target area.
Follow-up work planned includes heritage surveys and logistics for road access in preparation for drilling in 2023.
Four-metre composite samples of AC chips were sent to Intertek Genalysis in Perth, Western Australia, with the entire sample smart crushed to -3mm. A split sample was analyzed for gold using Photon Assay. An additional bottom hole sample from each drill hole was assayed using four acid digest and 50 g charge fire assay. Assay results are still pending.
Novo Resources (NVO) is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold.
Novo Resources (NVO) is trading at C$0.27 as of 3:40 pm ET.
