Total
0
Shares
Novo Resources Property Source: Novo Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Novo Resources (NVO) has started a major reverse circulation (RC) drill program at its Parnell-Vulture Trend in Australia
  • The Vancouver company is continuing to focus on oxide opportunities at the highly-prospective Nullagine Gold Project
  • The 15,000-metre RC drill program got underway during the first week of November
  • The drill program is part of the Nullagine Gold Project exploration program ramp-up, with forward programs currently being generated at several priority basement targets
  • Novo Resources is up 0.63 per cent, trading at $1.59 at 10:58 am ET

Novo Resources (NVO) has started a major reverse circulation (RC) drill program at its Parnell-Vulture Trend in Australia.

The Vancouver-based mineral exploration company is continuing to focus on oxide opportunities at the highly-prospective Nullagine Gold Project.

The 15,000-metre RC drill program got underway during the first week of November.

The Parnell-Vulture Trend is part of the Nullagine Gold Project and is located around 45 kilometres from the Golden Eagle processing facility.

The Parnell Trend covers a strike length of approximately 2 kilometres and contains a series of vein-hosted targets with historical drill intercepts.

The main mineralized trend at Parnell is mostly untested with modern RC drilling, with only a few and sporadic lines of shallow holes completed in the 1980s and 1990.

The Parnell and Vulture RC drill programs are part of the larger Nullagine Gold Project exploration program ramp-up, with forward programs currently being generated at several priority basement targets.

The company has conducted detailed mapping and gridded soil sampling to determine mineralization potential at the Parnell and Vulture prospects, but has not conducted sufficient work to validate all historic data.

Novo Resources is up 0.63 per cent, trading at $1.59 at 10:58 am ET.

More From The Market Herald

" Rock Tech Lithium (TSXV:RCK) announces results from Lithium Hydroxide Converter engineering study

Rock Tech Lithium (RCK) has announced the results of an engineering study for the merchant lithium hydroxide converter and refinery facility in Guben, Germany.

" Search Minerals (TSXV:SMY) announces $5M private placement

Search Minerals (SMY) is conducting a non-brokered private placement for gross proceeds of up to $5,000,000.

" DLP Resources (TSXV:DLP) updates proposed private placement

DLP Resources (DLP) intends to complete an offering of up to 2,000,000 FT units for gross proceeds of $500,000.

" Advance United Holdings (CSE:AUHI) launches the Advance United Marketplace

Advance United Holdings (AUHI) has introduced a platform for owners of mineral commodities to connect with developers and producers.