HIGHLIGHTS

  • Ongoing aircore (“AC”) drilling at Novo’s 100%-owned flagship Becher Project continues to deliver promising results, with over 10,000 m of the planned Q2 2023 20,000 m program complete.
  • Becher is located in the northern section of the Egina Gold Camp 28 km along trend from De Grey Mining Limited’s 10.6 Moz Au (JORC 2012)1 Mallina Gold Project.
  • Drilling is being completed on intrusion-related and structural gold targets generated from the 2022 program2 which identified an initial priority focus area of ~20 sq km at the Heckmair, Irvine and Whillans prospects.
  • 423 holes for a total of 10,080 m of AC drilling have been completed on 320 m spaced infill drill lines (previously 640 m spaced) at the highly prospective Heckmair intrusion and Irvine shear corridor prospects. Promising results have been generated from the first 349 holes under shallow cover (10 – 20 m) including:
    • 3m @ 5.23 g/t Au from 9 m in F1474
    • 3m @ 2.93 g/t Au from 9 m in F1739
    • 3 m @ 2.08 g/t Au from 12 m F1427
    • 3 m @ 1.04 g/t Au from 18 m in F1469
    • 1 m @ 1.57 g/t Au from 30 m in F1603
    • 9 m @ 0.77 g/t Au from 6 m (including 3 m @ 2.05 g/t Au from 6 m) in F1631
    • 15 m @ 0.61 g/t Au from 0 m (including 6 m @ 1.16 g/t Au from 0 m) in F1711
    • 9 m @ 0.39 g/t Au from 51 m in F1597
    • 12 m @ 0.28 g/t Au from 6 m (including 6m @ 0.42 g/t Au from 9 m) in F1498
    • 18 m @ 0.24 g/t Au from 21 m (including 6 m @ 0.39 g/t Au from 24 m) in F1582
  • Most AC gold intercepts to date have been hosted in hornblende diorite intrusion or sediments. AC drilling is a standard approach of shallow drilling that will be used to guide future deeper drilling.
  • Prioritised targets at Heckmair and Irvine will be assessed for deeper RC drilling in Q3 2023, with the remaining ~10,000 m of AC drilling continuing to test additional key areas at Heckmair and Whillans.

Commenting on the drill program, Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said, “We are very excited by further standout assay results from our Becher Project, which is located in the Egina Gold Camp. Our ongoing AC program has highlighted the potential for significant mineralisation throughout the area. Novo has discovered a large broad area of gold anomalism with recent drilling now confirming gold mineralisation extending into the underlying intrusions and sandstone rock units adjacent to De Grey’s Mallina Gold Project. Novo will continue the current drilling program to build on the excellent progress to date at Becher to further define the extent of mineralisation.”

_______________
1 De Grey has reported that its Hemi deposit at the Mallina Gold Project is comprised of Measured Mineral Resources of 4.7 Mt @ 1.7 g/t Au for 265 koz Au, Indicated Mineral Resources of 153.4 Mt @ 1.3 g/t Au for 6,590 koz Au, and Inferred Mineral Resources of 92.6 Mt @ 1.3 g/t Au for 3,779 koz Au, as those categories are defined in the JORC Code (as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects). Refer to De Grey’s public disclosure record for further details. No assurance can be given that a similar or any mineral resource estimate will be determined at Novo’s Becher Project.
2 Refer to the Company’s news release dated March 6, 2023.

VANCOUVER, British Columbia, May 23, 2023 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to report continued outstanding results from the 2023 AC drilling program at Becher. Results referred to in this news release are not necessarily representative of mineralisation throughout the Egina Gold Camp.

The Becher Project is located in the northern section of the Egina Gold Camp 28 km along trend from De Grey Mining Limited’s (“De Grey”) 10.6 Moz Au (JORC 2012)1 Mallina Gold Project. Novo commenced its 2023 AC program at Becher in mid-April 2023 and has already received gold results for 3,350 (including QAQC) samples of priority drilling, facilitated by a fast-tracked field sampling methodology and Chrysos™ PhotonAssay analysis, currently achieving an assay turnaround time of 5 – 12 days.

Figure 1 - Egina Gold Camp tenure showing the Becher and Nunyerry North Projects and the priority Becher prospects.

Figure 1 – Egina Gold Camp tenure showing the Becher and Nunyerry North Projects and the priority Becher prospects is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3420ef5e-1f0b-4e46-b8c5-ba12502c4544.

Background

The Becher Project covers an area approximately 20 sq km in the north of the 100% Novo owned E47/3673 exploration tenement. The area is characterised by shallow cover overlaying the highly prospective and under-explored Mallina Basin. Becher is situated adjacent to De Grey’s 10.6 Moz Au (JORC 2012)1 Mallina Gold Project and 2.5 km south of their Withnell South discovery3 (Figure 1).

During 2022, over 32,000 m of drilling was conducted by Novo on broad regional lines (640 m line spacing), focused on ENE trending gold-fertile, structurally complex corridors at Becher and successfully delineated three standout gold and associated pathfinder element targets at Irvine, Heckmair and Whillans. Analysis of multielement geochemistry from bottom-of-hole samples also identified prospective hornblende-diorite intrusions within and around the targeted structural corridors. These intrusions are commonly associated with gold deposits in the Mallina Basin.

The current 20,000 m AC program is testing multiple, high-priority structural and intrusion-hosted gold targets generated from the 2022 programs, delineated in well-defined and highly anomalous structural corridors. Drilling is being completed at high-priority drill prospects at Heckmair, Irvine and Whillans following significant gold and pathfinder anomalies and “sanukitoid” intrusion-related signatures in the 2022 AC bottom-of-hole drill hole samples.

The current drilling program is on schedule for completion by the end of Q2 2023.

_______________
3 While certain aspects of Becher mineralisation seem analogous to that at the Mallina Gold Project as disclosed by De Grey’s Mallina Gold Project, mineralisation is not necessarily representative of mineralisation throughout the Becher Area or the Egina Gold Camp.

Drilling and Results

To date, 423 holes for a total of 10,080 m AC drilling have been completed over the eastern Heckmair and Irvine prospects (Figure 2), with standout gold assay results returned in the first 349 holes. New results show high potential for mineralisation hosted both within the large Heckmair hornblende-diorite intrusion, along and in proximity to large cross-cutting and offset structures and at the margins of the intrusion where they are in contact with the Constantine Sandstone country rocks, all under shallow cover.

Results from the current AC program are located on 320 m lines across the Heckmair prospect and infill the previous 640 m drilling completed during the 2022 program. In addition, an east-west traverse was conducted across both the western and eastern faulted blocks of the Heckmair intrusion, intersecting anomalous gold mineralisation within a demagnetised portion of the intrusion (Figure 2 and Figure 3). Additional infill lines at Irvine are spaced as closely as 160 m in some areas.

Significant intercepts (> 2 g*m in tenor) include:

  • 3 m @ 5.23 g/t Au from 9 m in F1474
  • 15 m @ 0.61 g/t Au from 0 m including 6 m @ 1.16 g/t Au from 0 m in F1711
  • 3 m @ 2.93 g/t Au from 9 m in F1739
  • 9 m @ 0.77 g/t Au from 6 m including 3 m @ 2.05 g/t Au from 6 m in F1631 and
    4 m @ 0.4 g/t Au from 27 m including 3 m @ 0.49 g/t Au from 27 m in F1631
  • 3 m @ 2.08 g/t Au from 12 m in F1427
  • 18 m @ 0.24 g/t Au from 21 m including 6 m @ 0.39 g/t Au from 24 m in F1582
  • 9 m @ 0.39 g/t Au from 51 m including 6 m @ 0.45 g/t Au from 51 m in F1597
  • 12 m @ 0.28 g/t Au from 6 m including 6 m @ 0.42 g/t Au from 9 m in F1498
  • 3 m @ 1.04 g/t Au from 18 m in F1469
  • 1 m @ 1.57 g/t Au from 30 m in F1603

Refer to Table 1 in the Appendix below for a complete list of assay results.

Two AC cross-sections examples are shown from the Heckmair intrusion Figure 5 and the Irvine Shear corridor Figure 5 below.

Figure 4 shows a significant zone of pervasive sericite altered and quartz veined intrusion identified in F1498 in the northern portion of the western Heckmair block, with an intercept of 12 m @ 0.28 g/t Au from 6 m, including 6 m @ 0.42 g/t Au from 9 m. The intrusion is characteristic of the medium to coarse grained hornblende-diorite intercepted in other holes within the Heckmair prospect.

An intercept of 3 m @ 5.23 g/t Au from 9 m in F1474 was associated with quartz veining hosted within the Heckmair intrusive in proximity to the southern contact with the Constantine Sandstone country sediments. Anomalous mineralisation occurs both within the sediments to the south and within the intrusion to the north.

An intercept of 9 m @0.77 g/t Au from 9 m including 3m @ 2.05 g/t Au was identified in F1631 and is associated with quartz veining and shearing within the Constantine Sandstone country rocks (Figure 5). F1631 is located at the boundary of the Irvine and Heckmair prospects, with the inferred contact of the intrusion with the sediments approximately 36m to the north-west of the hole collar.

Refer to Table 1 in the Appendix below for a complete list of assay results. True widths from AC drilling cannot be estimated at this time.

Figure 2 - Becher Project showing main prospects, target zones, AC drilling progress to date and planned AC drilling over interpreted geology.

Figure 2 – Becher Project showing main prospects, target zones, AC drilling progress to date and planned AC drilling over interpreted geology is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8680a83b-c5e2-422c-b47f-8150f0359176.

Figure 3 - Close up of the Heckmair-Irvine-Whillans focus area with 2022 interpreted target zones and significant gold intercepts from 2022/2023 AC drilling programs.

Figure 3 – Close up of the Heckmair-Irvine-Whillans focus area with 2022 interpreted target zones and significant gold intercepts from 2022/2023 AC drilling programs is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/339afa3b-c565-43bf-86e4-c55bc115d21c.

Figure 4 - Sections from the recent AC drilling at Heckmair (looking east).

Figure 4 – Sections from the recent AC drilling at Heckmair (looking east) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/272f27b1-2d68-4339-b918-b2e71050f970.

Figure 5 - Sections from the recent AC drilling at Irvine (looking north-east)

Figure 5 – Sections from the recent AC drilling at Irvine (looking north-east) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bff7d4b8-50b0-44cf-8e16-9c91f7fbfc74. 

Next Steps

Latest results from infill AC drilling highlight the need to continue prioritising these targets, including both structurally controlled and intrusion related gold which appear similar to mineralisation at De Greys’ Mallina Gold Project3. Drilling of the remaining ~10,000 m AC drilling continues at Heckmair and Whillans, and targets at Heckmair and Irvine will be considered for follow-up deeper RC drilling in Q3 2023.

Given ongoing gold and multielement results, AC drilling will continue past the 20,000 m Q2 2023 program completing the regional reconnaissance 640 m spaced drill lines at Bonatti, and follow up any new targets at closer spacing.

Analytical methodology
One-metre samples are collected from the drill rig and placed on the ground in piles for geological quantitative and qualitative logging. These piles are then speared at three-meter composites into a 500-gram Chrysos™ PhotonAssay jar. Some of the end of hole intervals are shorter than three meters depending on final hole depths. Jars are dispatched weekly to Intertek Genalysis (“Intertek”) in Perth, Western Australia and analysed for gold using Chrysos™ PhotonAssay (PHXR/AU01).

QAQC procedures for the program include insertion of a certified blank approximately every 25 samples (4 per hundred), a Chrysos™ PhotonAssay certified standard approximately every 50 samples (2 per 100) and duplicate sampling (split of 3 m composite) at the rate of 4 per hundred. In addition, Intertek inserts Chrysos™ PhotonAssay certified standards at the rate of 2 per hundred.

QP STATEMENT
Mr. Alwin Van Roij (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 other than information concerning De Grey’s Mallina Gold Project. Mr. Van Roij is Novo’s Exploration Manger – East Pilbara.

ABOUT NOVO

Novo explores and develops its prospective land package covering approximately 10,500 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper Project in the Bendigo Tectonic Zone 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 Michael Spreadborough at +61-419-329-687 or [email protected], or Leo Karabelas at +1-416-543-3120 or [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, that 2023 AC program will test multiple, high-priority structural and intrusion-hosted gold targets generated from the 2022 programs, that Heckmair and Irvine will be assessed for follow-up deeper RC drilling in Q3 2023, whilst the remaining approx. 10,000 m AC drilling continues to further test Heckmair and Whillans, and that AC drilling will continue past the 20,000 m Q2 2023 program completing the regional reconnaissance 640 m spaced drill lines at Bonatti, and also follow up any new targets at closer spacing. 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 annual information form for the year ended December 31, 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

Table 1: Becher Area – location data for 2023 AC drill holes

HOLE_IDCOORDSYSEASTING
(m)
NORTHING
(m)
RL
(m)
AZIDIPTYPEDEPTHLEASE
F1414MGA94_50619441768502358.0180-60AC97E47/3673
F1415MGA94_50619441768504857.9180-60AC97E47/3673
F1416MGA94_50619441768442359.1180-60AC67E47/3673
F1417MGA94_50619441768444859.1180-60AC85E47/3673
F1418MGA94_50619761768411058.5180-60AC12E47/3673
F1419MGA94_50619761768413558.4180-60AC19E47/3673
F1420MGA94_50619761768416058.3180-60AC16E47/3673
F1421MGA94_50619761768418558.2180-60AC10E47/3673
F1422MGA94_50619761768421058.1180-60AC10E47/3673
F1423MGA94_50619761768423558.0180-60AC7E47/3673
F1424MGA94_50619761768426058.0180-60AC7E47/3673
F1425MGA94_50619761768428558.0180-60AC11E47/3673
F1426MGA94_50619761768431057.9180-60AC13E47/3673
F1427MGA94_50619761768433557.9180-60AC20E47/3673
F1428MGA94_50619761768436057.9180-60AC13E47/3673
F1429MGA94_50619761768438557.9180-60AC15E47/3673
F1430MGA94_50619761768441057.9180-60AC21E47/3673
F1431MGA94_50619761768443557.8180-60AC33E47/3673
F1432MGA94_50619761768446057.8180-60AC15E47/3673
F1433MGA94_50619761768448557.9180-60AC16E47/3673
F1434MGA94_50619761768451057.9180-60AC16E47/3673
F1435MGA94_50619761768453557.9180-60AC16E47/3673
F1436MGA94_50619761768456057.9180-60AC17E47/3673
F1437MGA94_50619761768458557.9180-60AC19E47/3673
F1438MGA94_50619761768461057.8180-60AC21E47/3673
F1439MGA94_50619761768463557.8180-60AC15E47/3673
F1440MGA94_50619761768466057.7180-60AC19E47/3673
F1441MGA94_50619761768468557.7180-60AC21E47/3673
F1442MGA94_50619761768471057.6180-60AC27E47/3673
F1443MGA94_50619761768473557.7180-60AC25E47/3673
F1444MGA94_50619761768476057.6180-60AC28E47/3673
F1445MGA94_50619761768478557.6180-60AC22E47/3673
F1446MGA94_50619761768481057.6180-60AC25E47/3673
F1447MGA94_50619761768483557.6180-60AC25E47/3673
F1448MGA94_50619761768486057.7180-60AC23E47/3673
F1449MGA94_50619761768488557.6180-60AC25E47/3673
F1450MGA94_50619761768491057.7180-60AC22E47/3673
F1451MGA94_50619761768493557.7180-60AC29E47/3673
F1452MGA94_50619761768496057.8180-60AC27E47/3673
F1453MGA94_50619761768498557.8180-60AC28E47/3673
F1454MGA94_50619761768501057.8180-60AC24E47/3673
F1455MGA94_50619761768503557.7180-60AC24E47/3673
F1456MGA94_50619761768506057.7180-60AC30E47/3673
F1457MGA94_50619761768508557.7180-60AC24E47/3673
F1458MGA94_50619761768511057.7180-60AC24E47/3673
F1459MGA94_50619761768513557.7180-60AC24E47/3673
F1460MGA94_50619761768516057.7180-60AC40E47/3673
F1461MGA94_50619761768518557.7180-60AC25E47/3673
F1462MGA94_50619121768398559.0180-60AC24E47/3673
F1463MGA94_50619121768401059.0180-60AC25E47/3673
F1464MGA94_50619121768403559.0180-60AC24E47/3673
F1465MGA94_50619121768406059.0180-60AC24E47/3673
F1466MGA94_50619121768408559.0180-60AC24E47/3673
F1467MGA94_50619121768411059.0180-60AC20E47/3673
F1468MGA94_50619121768413558.9180-60AC24E47/3673
F1469MGA94_50619121768416058.9180-60AC26E47/3673
F1470MGA94_50619121768418558.9180-60AC25E47/3673
F1471MGA94_50619121768421058.9180-60AC24E47/3673
F1472MGA94_50619121768423558.9180-60AC24E47/3673
F1473MGA94_50619121768426058.8180-60AC25E47/3673
F1474MGA94_50619121768428558.7180-60AC24E47/3673
F1475MGA94_50619121768431058.7180-60AC29E47/3673
F1476MGA94_50619121768433558.7180-60AC12E47/3673
F1477MGA94_50619121768436058.5180-60AC12E47/3673
F1478MGA94_50619121768438558.5180-60AC16E47/3673
F1479MGA94_50619121768441058.4180-60AC14E47/3673
F1480MGA94_50619121768443558.3180-60AC19E47/3673
F1481MGA94_50619121768446058.3180-60AC15E47/3673
F1482MGA94_50619121768448558.2180-60AC15E47/3673
F1483MGA94_50619121768451058.2180-60AC13E47/3673
F1484MGA94_50619121768453558.2180-60AC10E47/3673
F1485MGA94_50619121768456058.1180-60AC12E47/3673
F1486MGA94_50619121768458558.1180-60AC15E47/3673
F1487MGA94_50619121768461058.0180-60AC18E47/3673
F1488MGA94_50619121768463558.0180-60AC18E47/3673
F1489MGA94_50619121768466058.0180-60AC24E47/3673
F1490MGA94_50619121768468558.1180-60AC20E47/3673
F1491MGA94_50619121768471058.1180-60AC17E47/3673
F1492MGA94_50619121768473558.1180-60AC15E47/3673
F1493MGA94_50619121768476058.1180-60AC22E47/3673
F1494MGA94_50619121768478558.1180-60AC20E47/3673
F1495MGA94_50619121768481058.1180-60AC21E47/3673
F1496MGA94_50619121768483558.3180-60AC22E47/3673
F1497MGA94_50619121768486058.3180-60AC23E47/3673
F1498MGA94_50619121768488558.4180-60AC21E47/3673
F1499MGA94_50619121768491058.4180-60AC18E47/3673
F1500MGA94_50619121768493558.5180-60AC22E47/3673
F1501MGA94_50619121768496058.4180-60AC19E47/3673
F1502MGA94_50619121768498558.5180-60AC18E47/3673
F1503MGA94_50619121768501058.5180-60AC16E47/3673
F1504MGA94_50619121768503558.6180-60AC16E47/3673
F1505MGA94_50619121768506058.9180-60AC16E47/3673
F1506MGA94_50619121768508558.6180-60AC13E47/3673
F1507MGA94_50619121768511058.3180-60AC16E47/3673
F1508MGA94_50619121768516058.0180-60AC17E47/3673
F1509MGA94_50619121768513558.2180-60AC18E47/3673
F1510MGA94_50619121768518557.9180-60AC24E47/3673
F1511MGA94_50619121768521058.0180-60AC28E47/3673
F1512MGA94_50619121768523558.1180-60AC27E47/3673
F1513MGA94_50620071768460657.790-60AC12E47/3673
F1514MGA94_50620046768460657.690-60AC10E47/3673
F1515MGA94_50620021768460457.790-60AC10E47/3673
F1516MGA94_50619996768460457.790-60AC12E47/3673
F1517MGA94_50619971768460557.690-60AC13E47/3673
F1518MGA94_50619946768460757.690-60AC9E47/3673
F1519MGA94_50619921768461057.790-60AC11E47/3673
F1520MGA94_50619896768461157.690-60AC12E47/3673
F1521MGA94_50619871768461257.790-60AC10E47/3673
F1522MGA94_50619846768461257.790-60AC14E47/3673
F1523MGA94_50619821768460757.890-60AC15E47/3673
F1524MGA94_50619796768460357.890-60AC24E47/3673
F1525MGA94_50619771768460957.890-60AC17E47/3673
F1526MGA94_50619746768461557.890-60AC20E47/3673
F1527MGA94_50619721768461357.990-60AC15E47/3673
F1528MGA94_50619696768461157.990-60AC16E47/3673
F1529MGA94_50619671768460957.990-60AC16E47/3673
F1530MGA94_50619646768460957.990-60AC16E47/3673
F1531MGA94_50619621768460857.990-60AC19E47/3673
F1532MGA94_50619596768460558.190-60AC16E47/3673
F1533MGA94_50619571768460858.290-60AC19E47/3673
F1534MGA94_50619546768460758.490-60AC19E47/3673
F1535MGA94_50619521768460258.690-60AC19E47/3673
F1536MGA94_50619496768459958.990-60AC24E47/3673
F1537MGA94_50619471768459859.090-60AC20E47/3673
F1538MGA94_50619421768460758.790-60AC21E47/3673
F1539MGA94_50619396768460758.590-60AC24E47/3673
F1540MGA94_50619371768460758.590-60AC24E47/3673
F1541MGA94_50619346768460958.590-60AC18E47/3673
F1542MGA94_50619321768460958.590-60AC21E47/3673
F1543MGA94_50619296768460658.590-60AC15E47/3673
F1544MGA94_50619271768459958.690-60AC16E47/3673
F1545MGA94_50619246768460658.390-60AC14E47/3673
F1546MGA94_50619221768461658.390-60AC20E47/3673
F1547MGA94_50619196768462258.190-60AC19E47/3673
F1548MGA94_50619171768462258.190-60AC17E47/3673
F1549MGA94_50619146768462758.190-60AC23E47/3673
F1550MGA94_50619096768461358.090-60AC14E47/3673
F1551MGA94_50619071768460958.090-60AC15E47/3673
F1552MGA94_50619046768460957.890-60AC16E47/3673
F1553MGA94_50619021768460757.790-60AC16E47/3673
F1554MGA94_50618996768460557.890-60AC24E47/3673
F1555MGA94_50618971768460657.790-60AC24E47/3673
F1556MGA94_50618946768460857.790-60AC25E47/3673
F1557MGA94_50618921768460357.790-60AC25E47/3673
F1558MGA94_50618896768460557.990-60AC25E47/3673
F1559MGA94_50618871768460758.290-60AC20E47/3673
F1560MGA94_50618846768461158.390-60AC24E47/3673
F1561MGA94_50618821768461358.190-60AC12E47/3673
F1562MGA94_50618796768462157.990-60AC9E47/3673
F1563MGA94_50618771768461757.790-60AC8E47/3673
F1564MGA94_50618746768461257.690-60AC7E47/3673
F1565MGA94_50618721768460957.790-60AC7E47/3673
F1566MGA94_50618696768460957.690-60AC8E47/3673
F1567MGA94_50618670768461257.690-60AC12E47/3673
F1568MGA94_50618645768461657.690-60AC26E47/3673
F1569MGA94_50618620768461857.690-60AC35E47/3673
F1570MGA94_50618595768461957.790-60AC26E47/3673
F1571MGA94_50618570768461957.690-60AC25E47/3673
F1572MGA94_50618545768461957.590-60AC13E47/3673
F1573MGA94_50618520768461957.490-60AC11E47/3673
F1574MGA94_50618495768462057.490-60AC9E47/3673
F1575MGA94_50619441768463557.8180-60AC31E47/3673
F1576MGA94_50619441768468557.7180-60AC40E47/3673
F1577MGA94_50620081768415558.2360-60AC90E47/3673
F1578MGA94_50620081768419858.2180-60AC55E47/3673
F1579MGA94_50621188768417364.7147-60AC37E47/3673
F1580MGA94_50621141768424664.2147-60AC55E47/3673
F1581MGA94_50621114768428764.8327-60AC43E47/3673
F1582MGA94_50621094768431866.2327-60AC49E47/3673
F1583MGA94_50621165768420864.4327-60AC49E47/3673
F1584MGA94_50621187768417464.7327-60AC43E47/3673
F1585MGA94_50620703768433770.3327-60AC55E47/3673
F1586MGA94_50620719768431370.9327-60AC31E47/3673
F1587MGA94_50620737768428369.3327-60AC37E47/3673
F1588MGA94_50620756768425469.1327-60AC36E47/3673
F1589MGA94_50620786768420667.4327-60AC44E47/3673
F1590MGA94_50620803768418066.8327-60AC41E47/3673
F1591MGA94_50620806768359360.3147-60AC60E47/3673
F1592MGA94_50620793768361460.3147-60AC66E47/3673
F1593MGA94_50620779768363560.2147-60AC60E47/3673
F1594MGA94_50620765768365660.2147-60AC54E47/3673
F1595MGA94_50620745768368760.3147-60AC60E47/3673
F1596MGA94_50620731768370860.2147-60AC79E47/3673
F1597MGA94_50620477768409565.8327-60AC73E47/3673
F1598MGA94_50620518768403368.6327-60AC79E47/3673
F1599MGA94_50619660768417358.8147-60AC43E47/3673
F1600MGA94_50619647768419358.8147-60AC55E47/3673
F1601MGA94_50620113768348160.8147-60AC49E47/3673
F1602MGA94_50620097768350161.0147-60AC67E47/3673
F1603MGA94_50620327768432560.8147-60AC31E47/3673
F1604MGA94_50620313768434660.3147-60AC25E47/3673
F1605MGA94_50620299768436760.0147-60AC25E47/3673
F1606MGA94_50620286768438859.6147-60AC25E47/3673
F1607MGA94_50620272768440959.3147-60AC31E47/3673
F1608MGA94_50620258768442959.2147-60AC23E47/3673
F1609MGA94_50620245768445059.0147-60AC18E47/3673
F1610MGA94_50620231768447159.0147-60AC16E47/3673
F1611MGA94_50620217768449259.1147-60AC43E47/3673
F1612MGA94_50620203768451358.9147-60AC25E47/3673
F1613MGA94_50620190768453458.9147-60AC25E47/3673
F1614MGA94_50620176768455558.8147-60AC31E47/3673
F1615MGA94_50620162768457658.8147-60AC25E47/3673
F1616MGA94_50620149768459758.7147-60AC31E47/3673
F1617MGA94_50620135768461858.7147-60AC25E47/3673
F1618MGA94_50620121768463958.5147-60AC37E47/3673
F1619MGA94_50620108768465958.4147-60AC31E47/3673
F1620MGA94_50620094768468058.5147-60AC31E47/3673
F1621MGA94_50620316768404961.4147-60AC37E47/3673
F1622MGA94_50620303768407061.2147-60AC36E47/3673
F1623MGA94_50620289768409160.8147-60AC42E47/3673
F1624MGA94_50620275768411260.5147-60AC30E47/3673
F1625MGA94_50620261768413360.2147-60AC30E47/3673
F1626MGA94_50620248768415459.9147-60AC30E47/3673
F1627MGA94_50620234768417459.7147-60AC30E47/3673
F1628MGA94_50620220768419559.4147-60AC24E47/3673
F1629MGA94_50620207768421659.1147-60AC24E47/3673
F1630MGA94_50620193768423758.9147-60AC24E47/3673
F1631MGA94_50620179768425858.7147-60AC31E47/3673
F1632MGA94_50620166768427958.6147-60AC29E47/3673
F1633MGA94_50620152768430058.5147-60AC25E47/3673
F1634MGA94_50620138768432158.3147-60AC19E47/3673
F1635MGA94_50620124768434258.3147-60AC19E47/3673
F1636MGA94_50621074768376861.3147-60AC48E47/3673
F1637MGA94_50621060768378961.3147-60AC42E47/3673
F1638MGA94_50621047768381061.3147-60AC42E47/3673
F1639MGA94_50621033768383161.3147-60AC42E47/3673
F1640MGA94_50621019768385261.2147-60AC30E47/3673
F1641MGA94_50621005768387361.2147-60AC36E47/3673
F1642MGA94_50620992768389461.2147-60AC36E47/3673
F1643MGA94_50620978768391561.3147-60AC42E47/3673
F1644MGA94_50620964768393661.5147-60AC42E47/3673
F1645MGA94_50620951768395761.8147-60AC30E47/3673
F1646MGA94_50620937768397861.9147-60AC36E47/3673
F1647MGA94_50620923768399862.2147-60AC36E47/3673
F1648MGA94_50620910768401962.4147-60AC25E47/3673
F1649MGA94_50620896768404062.7147-60AC25E47/3673
F1650MGA94_50620882768406163.0147-60AC36E47/3673
F1651MGA94_50620868768408263.4147-60AC43E47/3673
F1652MGA94_50620855768410364.3147-60AC36E47/3673
F1653MGA94_50620841768412465.4147-60AC36E47/3673
F1654MGA94_50620081768513557.7180-60AC30E47/3673
F1655MGA94_50620081768516057.6180-60AC31E47/3673
F1656MGA94_50620081768518557.7180-60AC16E47/3673
F1657MGA94_50620081768521057.6180-60AC25E47/3673
F1658MGA94_50620081768523557.7180-60AC15E47/3673
F1659MGA94_50620081768526057.5180-60AC13E47/3673
F1660MGA94_50620081768528557.5180-60AC19E47/3673
F1661MGA94_50620081768531057.5180-60AC13E47/3673
F1662MGA94_50620081768533557.4180-60AC20E47/3673
F1663MGA94_50620081768536057.4180-60AC24E47/3673
F1664MGA94_50620081768538557.3180-60AC24E47/3673
F1665MGA94_50620081768541057.3180-60AC24E47/3673
F1666MGA94_50620081768543557.3180-60AC24E47/3673
F1667MGA94_50620081768546057.3180-60AC24E47/3673
F1668MGA94_50620081768548557.3180-60AC24E47/3673
F1669MGA94_50620081768551057.2180-60AC24E47/3673
F1670MGA94_50620081768553557.2180-60AC24E47/3673
F1671MGA94_50620081768556057.2180-60AC24E47/3673
F1672MGA94_50620081768558557.2180-60AC24E47/3673
F1673MGA94_50620081768561057.2180-60AC24E47/3673
F1674MGA94_50620081768563557.2180-60AC24E47/3673
F1675MGA94_50620081768566057.1180-60AC24E47/3673
F1676MGA94_50620081768568557.3180-60AC30E47/3673
F1677MGA94_50620081768571057.7180-60AC24E47/3673
F1678MGA94_50620081768573558.0180-60AC24E47/3673
F1679MGA94_50620081768576058.1180-60AC24E47/3673
F1680MGA94_50620081768578558.1180-60AC24E47/3673
F1681MGA94_50620081768581058.0180-60AC24E47/3673
F1682MGA94_50620081768583557.9180-60AC22E47/3673
F1683MGA94_50620081768586057.8180-60AC24E47/3673
F1684MGA94_50620081768588557.5180-60AC30E47/3673
F1685MGA94_50620081768591057.5180-60AC24E47/3673
F1686MGA94_50620081768593557.5180-60AC24E47/3673
F1687MGA94_50620081768596057.5180-60AC24E47/3673
F1688MGA94_50620081768598557.5180-60AC30E47/3673
F1689MGA94_50620081768601057.8180-60AC24E47/3673
F1690MGA94_50620081768603557.9180-60AC24E47/3673
F1691MGA94_50620081768606058.5180-60AC30E47/3673
F1692MGA94_50620081768608558.8180-60AC24E47/3673
F1693MGA94_50620081768611059.1180-60AC24E47/3673
F1694MGA94_50620081768613559.4180-60AC24E47/3673
F1695MGA94_50620081768616059.0180-60AC30E47/3673
F1696MGA94_50620081768618558.7180-60AC24E47/3673
F1697MGA94_50620608768447962.4147-60AC24E47/3673
F1698MGA94_50620594768450061.8147-60AC24E47/3673
F1699MGA94_50620581768452161.2147-60AC24E47/3673
F1700MGA94_50620567768454260.8147-60AC24E47/3673
F1701MGA94_50620553768456360.5147-60AC24E47/3673
F1702MGA94_50620540768458460.2147-60AC24E47/3673
F1703MGA94_50620526768460560.0147-60AC24E47/3673
F1704MGA94_50620512768462659.8147-60AC24E47/3673
F1705MGA94_50620498768464759.7147-60AC42E47/3673
F1706MGA94_50620485768466859.7147-60AC24E47/3673
F1707MGA94_50620471768468859.6147-60AC24E47/3673
F1708MGA94_50620457768470959.6147-60AC24E47/3673
F1709MGA94_50620444768473059.5147-60AC24E47/3673
F1710MGA94_50620430768475159.5147-60AC24E47/3673
F1711MGA94_50620416768477259.3147-60AC24E47/3673
F1712MGA94_50620403768479359.2147-60AC30E47/3673
F1713MGA94_50620389768481459.2147-60AC24E47/3673
F1714MGA94_50620375768483559.2147-60AC7E47/3673
F1715MGA94_50620361768485659.1147-60AC24E47/3673
F1716MGA94_50620348768487758.9147-60AC7E47/3673
F1717MGA94_50620334768489858.9147-60AC24E47/3673
F1718MGA94_50620320768491858.7147-60AC10E47/3673
F1719MGA94_50620307768493958.4147-60AC7E47/3673
F1720MGA94_50620293768496058.3147-60AC14E47/3673
F1721MGA94_50620279768498158.2147-60AC24E47/3673
F1722MGA94_50620266768500258.2147-60AC6E47/3673
F1723MGA94_50620252768502358.2147-60AC5E47/3673
F1724MGA94_50620238768504458.1147-60AC6E47/3673
F1725MGA94_50620224768506558.0147-60AC6E47/3673
F1726MGA94_50620211768508657.9147-60AC8E47/3673
F1727MGA94_50620197768510757.9147-60AC8E47/3673
F1728MGA94_50620183768512857.9147-60AC19E47/3673
F1729MGA94_50620752768484359.6147-60AC24E47/3673
F1730MGA94_50620739768486459.6147-60AC24E47/3673
F1731MGA94_50620725768488559.5147-60AC24E47/3673
F1732MGA94_50620711768490659.2147-60AC24E47/3673
F1733MGA94_50620698768492759.1147-60AC24E47/3673
F1734MGA94_50620684768494859.0147-60AC24E47/3673
F1735MGA94_50620670768496859.0147-60AC24E47/3673
F1736MGA94_50620657768498958.9147-60AC24E47/3673
F1737MGA94_50620643768501058.9147-60AC24E47/3673
F1738MGA94_50620629768503158.8147-60AC24E47/3673
F1739MGA94_50620615768505258.7147-60AC24E47/3673
F1740MGA94_50620602768507358.6147-60AC24E47/3673
F1741MGA94_50620588768509458.7147-60AC24E47/3673
F1742MGA94_50620574768511558.6147-60AC24E47/3673
F1743MGA94_50620561768513658.6147-60AC20E47/3673
F1744MGA94_50620547768515758.6147-60AC24E47/3673
F1745MGA94_50620533768517858.6147-60AC24E47/3673
F1746MGA94_50620519768519858.6147-60AC24E47/3673
F1747MGA94_50620506768521958.7147-60AC20E47/3673
F1748MGA94_50620492768524058.5147-60AC24E47/3673
F1749MGA94_50620478768526158.3147-60AC24E47/3673
F1750MGA94_50621528768424661.0147-60AC7E47/3673
F1751MGA94_50621514768426760.9147-60AC9E47/3673
F1752MGA94_50621501768428860.9147-60AC10E47/3673
F1753MGA94_50621487768430960.8147-60AC21E47/3673
F1754MGA94_50621473768433060.8147-60AC9E47/3673
F1755MGA94_50621460768435160.6147-60AC26E47/3673
F1756MGA94_50621446768437260.5147-60AC24E47/3673
F1757MGA94_50621432768439360.4147-60AC24E47/3673
F1758MGA94_50621418768441360.3147-60AC30E47/3673
F1759MGA94_50621405768443460.1147-60AC24E47/3673
F1760MGA94_50621391768445560.1147-60AC24E47/3673
F1761MGA94_50621377768447660.0147-60AC29E47/3673
F1762MGA94_50621364768449760.0147-60AC24E47/3673

Table 2: Becher Area – Aircore drilling Intercepts > 0.1 g/t Au with up to 2 m internal dilution

HOLE _IDDEPTH FROM (m)DEPTH TO (m)WIDTH (m)Au (g/t)
F141491560.20
F1415121530.19
F1415545730.14
F1417121530.11
F14196930.14
F1427121532.08
F1427182020.21
F14296930.38
F1430182130.16
F143291230.24
F143391230.17
F143491560.24
F1444242840.19
F1450152270.19
F1452121530.13
F145491230.12
F1469182131.04
F1473121530.11
F147491235.23
F14770330.21
F147891230.22
F1480151830.11
F14926930.13
F14956930.11
F1496182130.14
F1497151830.26
F1498618120.28
F15076930.13
F1529121530.12
F153161260.12
F15326930.11
F1534121530.11
F1534181910.10
F1537121530.13
F1538182130.12
F15650330.10
F1577273030.10
F1579363710.30
F1580121530.11
F1580243060.21
F1580394560.18
F1581151830.11
F1581212430.10
F1581333630.11
F158291230.32
F15822139180.24
F1582484910.24
F15836930.33
F15843630.65
F1584121530.27
F15880330.21
F1588212760.13
F1589212430.17
F1589394230.17
F159191230.10
F1595273360.19
F1596787910.14
F1597516090.39
F159831290.29
F1598212760.36
F1598485130.13
F1600243060.17
F1601151830.12
F1602485130.11
F1603303111.57
F1607121860.13
F1608151830.12
F16203630.15
F16253960.26
F1630182130.14
F163161590.77
F1631273140.40
F1633242510.25
F1640151830.10
F16423630.28
F164361260.35
F1643212430.43
F1643334290.17
F16486930.14
F16496930.10
F1649121530.11
F1652151830.89
F165791230.13
F1657182130.10
F1702182130.13
F1711015150.61
F1712273030.31
F17263630.49
F17273630.19
F1728121530.25
F1729212430.10
F173991232.93
F1740151830.11
F1741121530.12
F17470330.13
F1748182130.50
F17616930.22


Primary Logo

Figure 1 – Egina Gold Camp tenure showing the Becher and Nunyerry North Projects and the priority Becher prospects.
Figure 1 – Egina Gold Camp tenure showing the Becher and Nunyerry North Projects and the priority Becher prospects.
Figure 2 – Becher Project showing main prospects, target zones, AC drilling progress to date and planned AC drilling over interpreted geology.
Figure 2 – Becher Project showing main prospects, target zones, AC drilling progress to date and planned AC drilling over interpreted geology.
Figure 3 – Close up of the Heckmair-Irvine-Whillans focus area with 2022 interpreted target zones and significant gold intercepts from 2022/2023 AC drilling programs.
Figure 3 – Close up of the Heckmair-Irvine-Whillans focus area with 2022 interpreted target zones and significant gold intercepts from 2022/2023 AC drilling programs.
Figure 4 – Sections from the recent AC drilling at Heckmair (looking east).
Figure 4 – Sections from the recent AC drilling at Heckmair (looking east).
Figure 5 – Sections from the recent AC drilling at Irvine (looking north-east)
Figure 5 – Sections from the recent AC drilling at Irvine (looking north-east)

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