Toronto-listed conglomerate gold producer, Novo Resources is set to splash out a further A$2.5 million on near-mine exploration drilling as it looks to source more feed for its Golden Eagle processing facility at its Nullagine gold project in the Pilbara region of Western Australia. The company has identified more than 20 drill targets within trucking distance of Golden Eagle that will be targeted by 25,000 metres of drilling by year’s end.
The expanded drilling budget adds to the A$12 million the company previously set aside for exploration across its 100 per cent owned Pilbara tenure for 2021.
The already commenced 25,000m drilling campaign in the Mosquito Creek Basin is looking to fast-track delineation of targets that show potential for generating additional oxide mill feed for the Golden Eagle processing facility at Nullagine.
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