- Novo Resources Corp. (NVO) has shared the latest gold-copper-nickel-cobalt assays from its drilling program in the Karratha District within its Pilbara tenements in Australia
- NRV06 intersected mineralized zones over several metres of disseminated to stringer-style nickel and copper sulphide
- The Morto Lago target highlighted gold intercepts with varying average- to high-grades
- Milburn FLEM anomaly had trace amounts of copper, nickel, and cobalt
- Assays from 47k and 48K, Sullam, NRV06, Southcourt and Morto Lago North are expected soon
- Novo Resources Corp. (NVO) is down 2.38 per cent and is trading at $0.31 per share as of 2:22 p.m. EST
Novo Resources Corp. (NVO) has shared the latest gold-copper-nickel-cobalt assays from its drilling program in the Karratha District within its Pilbara tenements in Australia.
The company’s diamond drilling at NRV06 intersected mineralized zones over several metres of disseminated to stringer-style nickel and copper sulphide in the Andover Intrusion, with assays pending. Spot assaying so far has shown 0.95 per cent nickel and 0.25 per cent copper.
Drilling over at the Morto Lago target highlighted gold intercepts with varying average- to high grades.
Mike Spreadborough, Novo’s Executive Co-Chairman, Director, and CEO, commented,
“The high-grade results from the Morto Lago area and positive results from the Milburn area provide us with a compelling platform to continue our aggressive approach to exploration in 2023.”
Results from drilling at the Milburn FLEM anomaly interpreted up-dip of the Artemis Chapman Prospect, including trace amounts of copper, nickel, and cobalt throughout four holes.
In response to these results, Novo is currently conducting downhole electromagnetic surveys for the nickel-copper-cobalt targets at the Southcourt, NRV06, and Milburn prospects.
Additional assays from 47k and 48K, Sullam, NRV06, Southcourt and Morto Lago North are also expected.
Novo Resources Corp. (NVO) is down 2.38 per cent and is trading at $0.31 per share as of 2:22 p.m. EST.
