- Novo Resources Corp. (NVO) records high-grade gold in assay results from the Egnia Project’s Station Peak gold prospect, in Western Australia
- The samples produced results with high grade gold over a 200-metre strike
- Additional mapping, sampling, and drilling is expected to continue for the project
- Follow-up work will also include integration of historic mine plans into a 3D model
- Novo Resources Corp.(NVO) is unchanged trading at $1.04 per share as of 12:44 p.m. EST
Novo Resources Corp. (NVO) has announced high-grade gold in assay results from the Egnia Project’s Station Peak gold prospect.
The Egnia Project is located in Western Australia.
Recent sampling focussed on gold mineralization in an intrusion and adjacent Mallina Group sediments. The samples produced results with high-grade gold over a 200-metre strike.
Dr. Quinton Hennigh, Chairman of Novo, commented,
“The new rock chip results from Station Peak are an exciting development in our Pilbara exploration program”
Additional planned mapping, sampling, and drilling is expected to continue through 2022 to further advance the Egina project.
Follow-up work will also include integration of historic mine plans, including underground access development, stopes and channel sampling along drives and access ways, into a 3D geological model.
This year the company will drill into targets defined by the recent results and 3D modelling, including along strike, structurally complex zones down-dip of surface alteration and geochemistry, plus down plunge of high-grade shoots.
Detailed mapping, soil geochemical sampling and further rock chip sampling west of the historic Pilgrims Rest gold mine will also take place.
Novo accelerated its exploration programs in the latter half of 2021 and plans to continue its efforts throughout 2022.
Novo Resources Corp. (NVO) is unchanged trading at $1.04 per share as of 12:44 p.m. EST.
