Novo Resources Corp (TSX:NVO, OTCQX:NSRPF) continues to intersect ‘significant’ gold mineralisation at its flagship Becher Project in the northern sector of the Egina Gold Camp in Western Australia's Pilbara as it targets the region's “next major gold deposit”.
To date, the explorer has completed more than 50,000 metres of aircore drilling at Becher, returning strong gold results, including:
- 39 metres at 0.25 g/t gold from 81 metres, including 3 metres at 0.41 g/t from 108 metres;
- 18 metres at 0.38 g/t from 21 metres, including 9 metres at 0.56 g/t from 30 metres; and
- 12 metres at 0.43 g/t from 57 metres, including 6 metres at 0.66 g/t from 60 metres.
Meanwhile, at Nunyerry North Prospect, Novo has completed ethnographic and archaeological heritage clearances, allowing the company to kick off a final drill program design and planning for a maiden RC drill program for the second half of this year.
Next major gold deposit
Novo executive co-chairman and acting CEO Mike Spreadborough said: “We are very excited by the results generated from our large ongoing aircore drill program at Becher.
“When completing this type of program, this is the tenor and scale of results which validate our exploration team’s hypothesis of the prospectivity of Becher and support our program ahead of commencing deeper drilling.
“Importantly, Becher is displaying all the right geological characteristics to compare favourably to the mineralisation at the adjacent Mallina Gold Project and we are excited to be advancing our drilling program.
“We are in the right area for major gold deposits and have a standout exploration team focused on discovering the next major gold deposit in the Pilbara.
“The Becher project has the potential to realise significant shareholder value within the months ahead, shaping up to be a very exciting period for the company and our shareholders.”
Forward plan
Novo's aircore program will continue at the project and will infill anomalous zones based on gold and pathfinder geochemistry with current drilling focused on the Whillans Shear.
Following this round of drilling, the rig will then move on to complete regional reconnaissance lines across other structural corridors such as Bonatti.
Several areas are under consideration for deeper RC drilling follow-up in the second half of the year as well.