• Reverse circulation (“RC”) drilling has commenced in the Becher Area, with two rigs now testing prospects within 216 sq km of highly prospective, under-explored Mallina Basin geology on the Egina Project along trend from De Grey Mining Limited’s Hemi Gold Deposit.
  • Standout gold results received from aircore (“AC”) drilling at the Irvine prospect, including 4 m @ 4.02 g/t Au from 8 m, with numerous intercepts > 0.1 g/t gold.
  • A broad 100 m to 250 m wide intense quartz-veined alteration zone has been identified at the Lowe prospect across two 320 m spaced AC drill lines, extending beyond 500 m in strike length (awaiting assays).
  • At the Irvine prospect, which contains previously reported assays in AC drilling of 20 m @ 0.67 g/t Au, the first 12 RC drill holes totalling 1,109 m have intersected numerous zones of veining and alteration with sulphide. These RC samples are prioritised for assaying.
  • Two follow up AC drill lines, southwest on the Irvine Shear corridor, have extended the strike of the alteration zone to over 1.5 km.
  • The systematic AC program in the Becher Area to date includes over 1,120 shallow holes for more than 26,500 m of the > 30,000 m program, on 26 drill lines and continues to generate exciting new targets. Gold assays have been received for over half of the aircore program.
  • AC and RC drilling programs will be suspended during the wet season from mid-December 2022 to March 2023.

Novo’s Executive Co-Chairman and acting Chief Executive Officer, Mike Spreadborough said, “We are very pleased with the progress we have made on the drilling program so far and are looking forward to further results from follow-up drilling in the first half of 2023, when drilling will also commence at the Nunyerry North prospect.”

“The success of the current drilling program in the Beacher Area, combined with previously reported results from Nunyerry North, reconfirm the potential of the Egina District to support a standalone operational hub.”

https://www.globenewswire.com/NewsRoom/AttachmentNg/19994a6c-93d9-400d-800d-38f6fd991b08
AC drill traverse at Heckmair Prospect, Becher Area.

VANCOUVER, British Columbia, Nov. 30, 2022 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on the Company’s aggressive exploration program in the Egina District within Novo’s 10,500 sq km Pilbara exploration portfolio (Figure 1).

A comprehensive drilling program is systematically testing high-priority structural and intrusive-related gold prospects within the wider Becher Area (Figure 2). At present two drill rigs are now committed to the program.

To date over 1,120 holes for some 26,500 m of a planned >30,000 m regional AC drill program in 2022 are complete and a deeper targeted RC drilling program has commenced. The RC drilling program will test targets identified from the regional AC drilling program.

The Becher Area drilling program will be suspended during the wet season from mid-December 2022 to early March 2023.

A heli-supported mapping, soil and rock chip sampling program has been recently completed at Nunyerry North (Figure 2), located approximately 80 km south of the Becher Area, to follow up previous exploration results1. This program was completed in preparation for drill targeting in Q2-2023, with assay results still to come

Results referred to in this news release are not necessarily representative of mineralisation throughout the Egina District.

https://www.globenewswire.com/NewsRoom/AttachmentNg/7d63cceb-b690-4905-ae83-8e0b63c7f9cc
Figure 1: Map of the Novo Resources’ 10,500 sq. km exploration tenement portfolio in the Pilbara Western Australia.

https://www.globenewswire.com/NewsRoom/AttachmentNg/8f57b9c2-05ea-4a18-9ffd-77a53cdcc58e
Figure 2: Map of the Egina District tenements showing priority prospects, including the Becher Area in the north and Nunyerry North in the south.

EGINA DISTRICT

Becher Area

The Becher Area (northern E47/3673, 100%-owned by Novo) is located ~28 km to the WSW of De Grey’s Hemi gold deposit2 and contains multiple high-priority, orogenic gold targets in the prospective under-explored Mallina Basin.

All priority 1 holes from the current AC drilling program will be completed prior to suspension of the program in mid-December 2022. The program will recommence in March 2023 post the wet season.

The drill program is systematically testing multiple structural and intrusive targets along a series of interpreted significant shear corridors, including the ENE trending Irvine and Bonatti Shears and the EW trending Whillans and Heckmair Shears. The AC drilling program commenced in early September 2022, with over 1,120 holes for 26,500 m completed to date. Drill holes are relatively shallow, averaging approximately 26m. A minimum of 30,000 m of priority 1 AC drilling had been planned for 2022, however Novo expects to exceed this. The program was designed to test four shear corridors and numerous sanukitoid targets, as well as historical drilling results and antimony-arsenic-gold soil anomalies defined by previous explorers1. To date, regional drill traverses at approximately 640 m line spacing and 25 m hole spacings have been completed across the Irvine Shear, the Whillans Shear and the Heckmair Shear, with the AC drilling rig now focussing on the northeast at the Lowe Prospect. Gold assays have been received for over half of the AC program.

https://www.globenewswire.com/NewsRoom/AttachmentNg/d66acadd-a771-4be5-9b28-95feba22cdf3
Figure 3: Becher target area showing the position of the De Grey Hemi gold discovery (JORC 2012) to the east-northeast of the Becher Area along the interpreted fertile corridor; background aeromagnetic greyscale mosaic; Novo tenure outlined in green. The De Grey Hemi gold discovery is not necessarily representative of mineralization throughout the Egina District.

https://www.globenewswire.com/NewsRoom/AttachmentNg/55ad81f7-889f-4685-9edc-06ec0e309105
Figure 4: Map showing progress of AC and RC drilling to date, aeromagnetic greyscale mosaic and structural interpretation. The blue AC holes and red RC holes are completed whilst planned holes are in black.

Best new intercepts from drilling in the Heckmair area include:

  • 8m @ 2.13g/t Au from 8m (including 4m @ 4.02g/t Au from 8m) (F0632)
  • 4 m @ 0.4 g/t Au from 12 m (F0738)
  • 4 m @ 0.17 g/t Au from 12 m (F0739)
  • 4 m @ 0.17 g/t Au from 12 m (F0740)
  • 4 m @ 0.23 g/t Au from 0 m (F0748)
  • 4 m @ 0.35 g/t Au from 12 m (F0756)
  • 4 m @ 0.32 g/t Au from 12 m (F0760)
  • 8 m @ 0.23 g/t Au from 8 m (F0761)

All anomalous results are recorded in Table 2 in the Appendix. True widths cannot be estimated at this time.

Irvine Shear Corridor/Irvine Target

RC drilling has commenced at Becher, with 1,109 m in 12 holes completed to date. The first drill section was targeted to progress previous exciting AC results within the Irvine Shear corridor, which contained 20 m @ 0.67 g/t Au1. The drill holes have intersected numerous zones of intense alteration with quartz veining and some sulphidic zones. These RC samples will be prioritized for assay. Twenty-two priority 1 RC holes remain to be drilled.

https://www.globenewswire.com/NewsRoom/AttachmentNg/f3cb87c2-94fa-4205-9821-af2b0236e34a
Figure 5 Southern Irvine Shear Corridor – AC and RC drilling update. Results from AC sampling to date displayed as maximum downhole Au (g/t) in hole.

https://www.globenewswire.com/NewsRoom/AttachmentNg/9ad49def-e5b6-4daa-92cb-91c033c92b88
Figure 6: RC drilling traverse from the southern Irvine Shear Corridor.

In addition, two AC drill lines have also been completed further west-southwest on the southern Irvine Shear corridor, extending the strike continuity of the alteration intersected previously (trend now >1.5 kms).

Best intercepts previously reported on the Irvine Shear include:

  • 6 m @ 0.15 g/t Au from 24 m (A0028)
  • 12 m @ 0.16 g/t Au from 12 m (A0029)
  • 8 m @ 0.22 g/t Au from 4 m (A0033)
  • 20 m @ 0.67 g/t Au from 0 m (A0034);
  • 12 m @ 0.24 g/t Au from 0 m (A0035)
  • 6 m @ 0.21 g/t Au from 24 m (A0038)

Refer to Appendix 1 below for a complete list of assay results. True widths cannot be estimated at this time.

Nunyerry North

The geology of the Nunyerry North target area includes quartz vein-related gold mineralization within a sequence of ultramafic komatiites and mafic rocks, juxtaposed by regional shears and offset faults. Novo’s exploration licence 47/2973 is 70%-owned, with the remaining 30% held by Mark Creasy and entities controlled by him.

Follow up heli-supported mapping, soil and rock chip sampling have recently been completed at Nunyerry North (assays pending), which is also located within the Egina District and approximately 80 km south of Becher. This program was completed in preparation for drilling targeting in Q2-2023.

Nunyerry North hosts a 1.4 km long, high-order surface soil anomaly, where rock chip sampling in 2021 returned peak high-grade results from quartz veins including 30.3 g/t Au, 21.1 g/t Au and 9 g/t Au; with additional sampling in 2022 delivering 8.81 g/t Au and 7.39 g/t Au1. In addition, specimen gold has been detected in the main target area1. Follow-up work planned includes heritage surveys and logistics for road access in preparation for drilling in 2023.

https://www.globenewswire.com/NewsRoom/AttachmentNg/d3df42cd-9e23-4f98-977d-2ffd5d140449
Figure 7: Close up of high-grade quartz veins at Nunyerry North. Multiple sheeted shallow dipping quartz veins have formed at the contact of a shear zone and brittle high MgO basalt.

ANALYTIC METHODOLOGY

Four-metre composite samples of AC chips were sent to Intertek Genalysis (“Intertek”) in Perth, Western Australia with the entire sample smart crushed to -3mm (NVO02 prep code), with a 500 g split sample analysed for gold using Photon Assay (PHXR/AU01). An additional bottom hole sample from each drill hole (1 to 4 m composite representing rock from the bottom of the drill hole) was assayed using four acid digest and 50 g charge fire assay FA50/OE and for 48 multielement using four acid digest – MS finish (4A/MS) – results are pending.

QAQC procedures to date include insertion of a certified blank approximately every 25 samples (4 per hundred) and duplicate sampling (split of 4m composite) at the rate of 4 per hundred. Intertek inserts customized Chrysos certified standards at the rate of 2 per hundred.

RC holes G0001 to G00012 (inclusive) (cyclone split 1 m samples) were sent to Intertek Perth, Western Australia with the entire sample smart crushed to -3 mm (NVOO2 prep code), with a 1000 g split sample (2 jar photon assay) analysed for gold using photon assay (PHXR/AU01). QAQC for RC samples are inserted at the rate of 4 standards per 100, 4 blanks per 100 and 4 riffle split duplicates per 100, providing a total of 12% QAQC.

There were no limitations to the verification process and all relevant data was verified by a qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by reviewing analytical procedures undertaken by Intertek.

QP STATEMENT

Mr. Iain Groves (MAIG), is the qualified person, as defined under NI 43-101, responsible for, and having reviewed and approved, the technical information contained in this news release. Mr. Groves is Novo’s Exploration Manger – West Pilbara.

ABOUT NOVO

Novo explores and develops its prospective land package covering approximately 10,500 square kilometres in the Pilbara region of Western Australia, including the Beatons Creek gold project, along with two joint ventures in the Bendigo region of Victoria, Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail [email protected]

On Behalf of the Board of Directors,

Novo Resources Corp.
Michael Spreadborough
Michael Spreadborough
Executive Co-Chairman and Acting CEO

Forward-looking information

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, planned exploration activities across the Becher Area and Nunyerry North in Western Australia as climactic conditions dictate, and that certain drill cores will be prioritized for assay. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the resource industry and the risk factors identified in Novo’s management’s discussion and analysis for the nine-month period ended September 30, 2022, which is available under Novo’s profile on SEDAR at www.sedar.com. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

APPENDIX 1:

Table 1: Becher Area – AC drilling location data.

HOLE IDCOORDSYSEASTINGNORTHINGRLAZIMUTHDIPTYPEDEPTHLEASE
F0696MGA94_50618799.27684534.462.28180-60AC8E47/3673
F0697MGA94_50618799.07684560.162.23180-60AC7E47/3673
F0698MGA94_50618799.17684584.462.30180-60AC12E47/3673
F0699MGA94_50618799.07684634.762.27180-60AC12E47/3673
F0700MGA94_50618801.47684685.958.14180-60AC17E47/3673
F0701MGA94_50618801.47684735.958.15180-60AC17E47/3673
F0702MGA94_50618801.47684785.957.52180-60AC18E47/3673
F0703MGA94_50618801.47684835.957.46180-60AC16E47/3673
F0704MGA94_50618801.47684885.957.51180-60AC21E47/3673
F0705MGA94_50618801.47684910.957.51180-60AC21E47/3673
F0706MGA94_50618801.47684935.957.56180-60AC24E47/3673
F0707MGA94_50618801.47684960.957.68180-60AC25E47/3673
F0708MGA94_50618801.47684985.957.68180-60AC30E47/3673
F0709MGA94_50618801.47685010.957.66180-60AC30E47/3673
F0710MGA94_50618801.47685035.957.45180-60AC15E47/3673
F0711MGA94_50618801.47685060.957.36180-60AC11E47/3673
F0712MGA94_50618801.47685085.957.19180-60AC14E47/3673
F0713MGA94_50618801.47685110.957.05180-60AC25E47/3673
F0714MGA94_50618801.47685135.956.88180-60AC34E47/3673
F0715MGA94_50618801.47685160.956.78180-60AC33E47/3673
F0716MGA94_50618801.47685185.956.71180-60AC30E47/3673
F0717MGA94_50618801.47685210.956.68180-60AC21E47/3673
F0718MGA94_50618801.47685235.956.66180-60AC30E47/3673
F0719MGA94_50618801.47685260.956.66180-60AC30E47/3673
F0720MGA94_50618801.47685285.956.62180-60AC21E47/3673
F0721MGA94_50618801.47685310.956.66180-60AC21E47/3673
F0722MGA94_50620081.47684960.957.76180-60AC22E47/3673
F0723MGA94_50620081.47684985.957.79180-60AC18E47/3673
F0724MGA94_50620081.47685010.957.86180-60AC21E47/3673
F0725MGA94_50619441.47684085.959.59180-60AC14E47/3673
F0726MGA94_50619441.47684110.959.55180-60AC21E47/3673
F0727MGA94_50619441.47684135.959.54180-60AC24E47/3673
F0728MGA94_50619441.47684160.959.55180-60AC21E47/3673
F0729MGA94_50619441.47684185.959.56180-60AC27E47/3673
F0730MGA94_50619441.47684210.959.48180-60AC24E47/3673
F0731MGA94_50619441.47684235.959.57180-60AC33E47/3673
F0732MGA94_50619441.47684260.959.50180-60AC30E47/3673
F0733MGA94_50619441.47684285.959.37180-60AC27E47/3673
F0734MGA94_50619441.47684310.959.27180-60AC30E47/3673
F0735MGA94_50619441.47684335.959.21180-60AC21E47/3673
F0736MGA94_50619441.47684360.959.08180-60AC21E47/3673
F0737MGA94_50619441.47684385.959.08180-60AC21E47/3673
F0738MGA94_50619441.47684410.959.13180-60AC21E47/3673
F0739MGA94_50619441.47684435.959.07180-60AC21E47/3673
F0740MGA94_50619441.47684460.959.17180-60AC21E47/3673
F0741MGA94_50619441.47684485.959.11180-60AC21E47/3673
F0742MGA94_50619441.47684510.959.03180-60AC21E47/3673
F0743MGA94_50619441.47684535.959.00180-60AC25E47/3673
F0744MGA94_50619441.47684560.959.00180-60AC21E47/3673
F0745MGA94_50619441.47684585.959.00180-60AC24E47/3673
F0746MGA94_50619441.47684610.959.00180-60AC33E47/3673
F0747MGA94_50619441.47684660.958.82180-60AC27E47/3673
F0748MGA94_50619441.47684710.958.41180-60AC39E47/3673
F0749MGA94_50619441.47684735.958.36180-60AC24E47/3673
F0750MGA94_50619441.47684760.958.36180-60AC21E47/3673
F0751MGA94_50619441.47684785.958.35180-60AC14E47/3673
F0752MGA94_50619441.47684810.958.33180-60AC12E47/3673
F0753MGA94_50619441.47684835.958.25180-60AC14E47/3673
F0754MGA94_50619441.47684860.958.25180-60AC24E47/3673
F0755MGA94_50619441.47684885.958.33180-60AC24E47/3673
F0756MGA94_50619441.47684910.958.41180-60AC33E47/3673
F0757MGA94_50619441.47684935.958.45180-60AC42E47/3673
F0758MGA94_50619441.47684960.958.38180-60AC21E47/3673
F0759MGA94_50619441.47684985.958.13180-60AC21E47/3673
F0760MGA94_50619441.47685010.958.03180-60AC18E47/3673
F0761MGA94_50619441.47685035.957.98180-60AC39E47/3673
F0762MGA94_50619441.47685060.957.85180-60AC21E47/3673
F0763MGA94_50619441.47685085.957.79180-60AC30E47/3673
F0764MGA94_50619441.47685110.957.80180-60AC30E47/3673
F0765MGA94_50618801.47685084.057.19180-60AC19E47/3673
F0766MGA94_50618801.47685162.056.78180-60AC51E47/3673
F0767MGA94_50618801.47685075.057.36180-60AC12E47/3673
F0768MGA94_50618161.47683960.960.39180-60AC21E47/3673
F0769MGA94_50618161.47683985.960.24180-60AC21E47/3673
F0770MGA94_50618161.47684010.960.16180-60AC21E47/3673
F0771MGA94_50618161.47684035.960.11180-60AC21E47/3673
F0772MGA94_50618161.47684060.960.00180-60AC27E47/3673
F0773MGA94_50618161.47684085.959.85180-60AC21E47/3673
F0774MGA94_50618161.47684110.959.68180-60AC39E47/3673
F0775MGA94_50618161.47684135.959.64180-60AC21E47/3673
F0776MGA94_50618161.47684160.959.64180-60AC21E47/3673
F0777MGA94_50618161.47684185.959.61180-60AC21E47/3673
F0778MGA94_50618161.47684210.959.54180-60AC33E47/3673
F0779MGA94_50618161.47684235.959.54180-60AC21E47/3673
F0780MGA94_50618161.47684260.959.55180-60AC21E47/3673
F0781MGA94_50618161.47684285.959.57180-60AC24E47/3673
F0782MGA94_50618161.47684310.959.59180-60AC39E47/3673
F0783MGA94_50618161.47684335.959.57180-60AC21E47/3673
F0784MGA94_50618161.47684360.959.50180-60AC27E47/3673
F0785MGA94_50618161.47684385.959.41180-60AC18E47/3673
F0786MGA94_50618161.47684410.959.31180-60AC24E47/3673
F0787MGA94_50618161.47684435.959.34180-60AC21E47/3673
F0788MGA94_50618161.47684460.959.23180-60AC21E47/3673
F0789MGA94_50618161.47684485.959.21180-60AC21E47/3673
F0790MGA94_50618161.47684510.959.43180-60AC36E47/3673
F0791MGA94_50618161.47684535.959.14180-60AC21E47/3673
F0792MGA94_50618161.47684560.958.95180-60AC21E47/3673
F0793MGA94_50618161.47684585.958.77180-60AC21E47/3673
F0794MGA94_50618161.47684610.958.78180-60AC21E47/3673
F0795MGA94_50618161.47684635.958.71180-60AC20E47/3673
F0796MGA94_50618161.47684660.958.72180-60AC15E47/3673
F0797MGA94_50618161.47684685.958.51180-60AC18E47/3673
F0798MGA94_50618161.47684710.958.34180-60AC18E47/3673
F0799MGA94_50618161.47684735.958.28180-60AC14E47/3673
F0800MGA94_50618161.47684760.958.17180-60AC25E47/3673
F0801MGA94_50618161.47684785.958.21180-60AC8E47/3673
F0802MGA94_50618161.47684810.958.21180-60AC19E47/3673
F0803MGA94_50618161.47684835.958.15180-60AC22E47/3673
F0804MGA94_50618161.47684860.958.12180-60AC5E47/3673
F0805MGA94_50618161.47684885.958.06180-60AC22E47/3673
F0806MGA94_50618161.47684910.958.10180-60AC9E47/3673
F0807MGA94_50618161.47684935.958.24180-60AC13E47/3673
F0808MGA94_50618161.47684960.958.24180-60AC11E47/3673
F0809MGA94_50618161.47684985.958.21180-60AC12E47/3673
F0810MGA94_50618161.47685010.958.10180-60AC15E47/3673
F0811MGA94_50618161.47685035.957.82180-60AC6E47/3673
F0812MGA94_50618161.47685060.957.54180-60AC9E47/3673
F0813MGA94_50618161.47685085.957.47180-60AC10E47/3673
F0814MGA94_50618161.47685110.957.43180-60AC27E47/3673
F0815MGA94_50618161.47685135.957.43180-60AC21E47/3673
F0816MGA94_50618161.47685160.957.41180-60AC32E47/3673
F0817MGA94_50618161.47685185.957.43180-60AC13E47/3673
F0818MGA94_50618161.47685210.957.43180-60AC22E47/3673
F0819MGA94_50618161.47685235.957.28180-60AC21E47/3673
F0820MGA94_50618161.47685260.957.13180-60AC23E47/3673
F0821MGA94_50618161.47685285.957.14180-60AC21E47/3673
F0822MGA94_50618161.47685310.957.12180-60AC24E47/3673
F0823MGA94_50618161.47685335.957.10180-60AC20E47/3673
F0824MGA94_50618161.47685360.957.01180-60AC21E47/3673
F0825MGA94_50618161.47685385.957.04180-60AC21E47/3673
F0826MGA94_50618161.47685410.957.03180-60AC21E47/3673
F0827MGA94_50618161.47685435.956.96180-60AC13E47/3673
F0828MGA94_50618161.47685460.956.95180-60AC21E47/3673
F0829MGA94_50618161.47685485.957.01180-60AC21E47/3673
F0830MGA94_50618161.47685510.956.98180-60AC24E47/3673
F0831MGA94_50618161.47685535.956.92180-60AC27E47/3673
F0832MGA94_50618161.47685560.956.96180-60AC21E47/3673
F0833MGA94_50618161.47685585.957.02180-60AC21E47/3673
F0834MGA94_50618161.47685610.956.96180-60AC18E47/3673
F0835MGA94_50618161.47685635.957.09180-60AC10E47/3673
F0836MGA94_50618161.47685660.957.16180-60AC15E47/3673
F0837MGA94_50618161.47685685.957.09180-60AC21E47/3673
F0838MGA94_50618161.47685710.957.04180-60AC21E47/3673
F0839MGA94_50618161.47685735.956.84180-60AC27E47/3673
F0840MGA94_50618161.47685760.956.77180-60AC27E47/3673
F0841MGA94_50618161.47685785.956.60180-60AC21E47/3673
F0842MGA94_50618161.47685810.956.54180-60AC21E47/3673
F0843MGA94_50617521.47684135.960.05180-60AC30E47/3673
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F1110MGA94_50629821.67686183.462.96147-60AC24E47/3673
F1111MGA94_50629807.97686204.362.96147-60AC21E47/3673
F1112MGA94_50629794.27686225.262.97147-60AC24E47/3673
F1113MGA94_50629780.57686246.262.95147-60AC27E47/3673
F1114MGA94_50629766.87686267.162.90147-60AC30E47/3673
F1115MGA94_50629753.17686288.063.02147-60AC27E47/3673
F1116MGA94_50629739.47686308.963.58147-60AC24E47/3673
F1117MGA94_50629725.77686329.863.92147-60AC27E47/3673
F1118MGA94_50629712.07686350.763.92147-60AC28E47/3673
F1119MGA94_50629698.37686371.664.09147-60AC21E47/3673
F1120MGA94_50629684.57686392.564.56147-60AC21E47/3673
F1121MGA94_50629670.87686413.464.39147-60AC24E47/3673
F1122MGA94_50619441.47685785.957.27180-60AC54E47/3673

Table 2: Becher Area – RC drilling location data

HOLE IDCOORDSYSEASTINGNORTHINGRLAZIMUTHDIPTYPEDEPTHLEASE
G0001MGA94_50618801.47685165.956.76180-60RC120E47/3673
G0002MGA94_50618801.57685225.956.65180-60RC102E47/3673
G0003MGA94_50621100.27684308.365.97147-60RC60E47/3673
G0004MGA94_50621086.57684329.267.16147-60RC100E47/3673
G0005MGA94_50621079.37684352.968.66147-60RC102E47/3673
G0006MGA94_50621067.27684376.367.71147-60RC96E47/3673
G0007MGA94_50621048.47684423.866.46147-60RC96E47/3673
G0008MGA94_50621034.77684444.765.55147-60RC84E47/3673
G0009MGA94_50621021.07684465.665.78147-60RC80E47/3673
G0010MGA94_50621007.37684486.565.17147-60RC80E47/3673
G0011MGA94_50620993.67684507.464.59147-60RC84E47/3673
G0012MGA94_50620950.37684538.963.00147-60RC105E47/3673

Table 3: Becher Area – Key Drilling Intercepts

Hole IDDepth FromDepth ToAu (g/t)Width
F07248120.144
F073812160.44
F073912160.174
F074012160.174
F074412160.124
F074712160.114
F0748040.234
F075512160.124
F075612160.354
F075728320.14
F075912160.114
F076012160.324
F07618160.238
F076212160.144
F07648160.128

_________________

1 Refer to the Company’s news release dated September 6, 2022.
2 Refer to De Grey’s public disclosure record


Primary Logo

Image 1
AC drill traverse at Heckmair Prospect, Becher Area.
Figure 1:
Map of the Novo Resources’ 10,500 sq. km exploration tenement portfolio in the Pilbara Western Australia.
Figure 2:
Map of the Egina District tenements showing priority prospects, including the Becher Area in the north and Nunyerry North in the south.
Figure 3:
Becher target area showing the position of the De Grey Hemi gold discovery (JORC 2012) to the east-northeast of the Becher Area along the interpreted fertile corridor; background aeromagnetic greyscale mosaic; Novo tenure outlined in green. The De Grey Hemi gold discovery is not necessarily representative of mineralization throughout the Egina District.
Figure 4:
Map showing progress of AC and RC drilling to date, aeromagnetic greyscale mosaic and structural interpretation. The blue AC holes and red RC holes are completed whilst planned holes are in black.
Figure 5:
Southern Irvine Shear Corridor – AC and RC drilling update. Results from AC sampling to date displayed as maximum downhole Au (g/t) in hole.
Figure 6:
RC drilling traverse from the southern Irvine Shear Corridor.
Figure 7:
Close up of high-grade quartz veins at Nunyerry North. Multiple sheeted shallow dipping quartz veins have formed at the contact of a shear zone and brittle high MgO basalt.

One thought on “Becher Area Mineralisation Expands With More Standout Results

  1. Tim Jenkins says:

    Hooray! Look at the stock price tank!
    Seemingly nothing but good news, yet the stock makes a new 52 week low almost every day! What a terrible, terrible nightmare!

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