Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) put the pedal to the metal in the Pilbara region of Western Australia during the June quarter, advancing exploration at its Nunyerry North and Becher gold projects in the Egina Gold Camp as well at as the North Whundo, Railway Bore and East Well drill targets in the Karratha district.
At the Belltopper Gold Project in Victoria, results were received from the six-hole, 2,529-metre, diamond drill program completed in the March quarter.
NVO completed 3,200 metres of reverse circulation (RC) drilling at Nunyerry North during the quarter, with plans for further drilling at its Karratha district targets once a 3,500-metre RC program and requisite surveys and permits are in place.
More drilling in current quarter
“It has been a busy quarter as we progressed exploration activity across our Pilbara portfolio and analysed results from our Belltopper drill program from earlier in the year,” Novo Resources executive co-chair and acting CEO Mike Spreadborough said.
“Results from the Nunyerry North RC drill program will now be assessed prior to finalising targets for diamond drilling and the team will continue to finalise planning for a RC drill program to test three prospects in the Karratha district, with drilling scheduled to start late next quarter.
“At the Balla Balla Gold Project, a reconnaissance aircore program is also planned for the second half of the year, testing prospectivity adjacent to the Sholl Shear and associated potentially fertile structural corridors undercover.”
Belltopper results point to fertile corridor
“Excitingly, results from the Belltopper diamond drill program were received and new gold reefs have been delineated with extension potential demonstrated on several key historical reefs,” Spreadborough continued.
“A program of historical core logging and sampling of several deep diamond holes drilled by previous explorers has now been initiated with results from this work expected to be finalised in the first half of Q3 2024.
“As always, the team is continuing our aggressive exploration push, with a busy half planned and a strong pipeline of news expected for the remainder of 2024.”
Results from Belltopper included:
- 5.6 metres at 3.14 g/t gold from 219.8 metres (Leven Star Reef);
- 4.25 metres at 5.88 g/t from 274.75 metres including 2 metres at 11.15 g/t (Leven Star Reef );
- 1.94 metres at 2.37 g/t from 230 metres (Leven Star Reef);
- 2 metres at 15.18 g/t from 9 metres in a newly discovered reef;
- 12.26 metres at 1.45 g/t from 185 metres including 4.6 metres at 2.64 g/t (Missing Link Reef); and
- 7 metres at 1.88 g/t from 179 metres including 3.19 metres at 3.42 g/t (PiezziReef, a parallel structure to the O’Connors Reef).
Egina Gold Camp joint venture (JV) partner De Grey Mining also began follow-up aircore and RC drilling programs at the Becher Project during the quarter, focusing on the Heckmair and Lowe prospects.
De Grey plans to drill a further 28,000 metres of combined aircore and RC drilling in 2024, on top of the 10,500 metres completed in the last quarter of 2023.
The company says it is in a strong financial position to continue its exploration activities, with no debt and a cash balance of A$11.7 million and investment of about A$46.2 million at the end of June.