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Novo Resources Corp (ASX: $NVO) to commence follow-up drilling at Nunyerry North and new targets near Karratha

Novo Resources Corp (ASX: $NVO) to commence follow-up drilling at Nunyerry North and new targets near Karratha


Novo Resources Corp (ASX: $NVO) is set to commence a ~4,000 m RC drill program at Nunyerry North in the southern Egina Gold Camp, following significant results from the maiden drill program. The program will test multiple new targets along strike of known mineralization and down plunge of existing intercepts. Additionally, a maiden RC drill program is planned to test three significant gold and gold-copper targets in the Karratha District, which were defined by a combination of mapping, surface geochemistry, and historic geophysics.

Executive Commentary on Follow-Up Drilling and New Targets


The upcoming drilling programs at Nunyerry North and the Karratha District represent a significant step forward in our exploration efforts. We are encouraged by the significant gold targets generated during the maiden drill program and are eager to commence the follow-up drilling to further test the potential of these areas. The successful qualification for the Western Australian State Government Exploration Incentive Scheme (EIS) is a testament to the quality and significance of our exploration activities. We are committed to leveraging our internal geological expertise to deliver value-accretive opportunities to our shareholders.

Summary of ASX Announcement


Novo Resources Corp (ASX: $NVO) is set to commence a ~4,000 m RC drill program at Nunyerry North to test significant gold targets generated during the maiden drill program. The company also plans to conduct a maiden RC drill program to test three significant gold and gold-copper targets in the Karratha District. The upcoming drilling programs represent a significant step forward in the company's exploration efforts and have qualified for the Western Australian State Government Exploration Incentive Scheme (EIS). Novo Resources Corp remains committed to delivering value-accretive opportunities to its shareholders through its exploration activities.

NOVO RESOURCES CORP.
NVO | ASX | Materials
0.115-0.005(-4.17%)
At close 05/07 (AEDT)
Market cap
$42.6M
Volume
719,866
DY Yield
0
PE Ratio
0
52 Week Range
0.1 - 0.275
1YR Return
N / A

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