Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) has hit the ground running after its ASX listing, kicking off a maiden drill program at Nunyerry North in the Egina Gold Camp in Western Australia’s Pilbara region to follow-up on more than 1.4 kilometres of surface bonanza-grade gold in soil anomalies.
The roughly 2,000 metres of reverse circulation (RC) drilling in the southern part of the gold camp will focus on structurally controlled targets, where previous mapping and surface sampling unearthed gold in rock chip samples.
Novo plans to initially drill an area of about 600 metres of strike, where gold assays returned peak results.
The program will be completed in a few weeks.
Next major gold project
The Nunyerry North project is a 70:30 joint venture (JV) with the Creasy Group, with Novo holding the majority interest in gold and other mineral rights.
Novo’s other Egina JV with cornerstone investor and partner De Grey Mining, is also set to see a substantial 39,000-metre aircore, RC and diamond drilling program being carried out at the Becher target this month.
Becher is part of Novo’s 10,500-square-kilometre Pilbara tenement package and sits within the greater Egina gold camp between De Grey’s Mallina and Hemi gold projects.
Egina Gold Camp showing key areas of focus and joint venture interests.
READ: Novo Resources closes A$10 million cornerstone investment by De Grey Mining
The Egina Gold Camp, home to Novo’s most prospective targets, is an 80-kilometre contiguous tenement package targeted on a series of structurally complex and gold-fertile corridors hosted in rocks.
Novo has focused its exploration activities on this tenement for the past 18 months, which culminated in the Egina JV with De Grey and the delineation of the orogenic gold target at Nunyerry North.
The company is also planning drilling activities at the Bamboo-Strattons and Balla Balla gold projects in Pilbara, as well as at its Belltopper project in Victoria in the fourth quarter.