NUNYERRY NORTH GOLD ZONE EXPANDED AND NEW TARGETS ADVANCED

Novo Resources Reports Promising Drilling Results and Strategic Exploration Progress

Novo Resources Corp. (ASX:NVO) has announced significant advancements at its Nunyerry North and Egina Gold Camp projects, with notable high-grade gold intercepts and the identification of new exploration targets.

Recent reverse circulation (RC) drilling at Nunyerry North has successfully extended the high-grade Main Lode by 500 metres along strike/plunge, intersecting the high-grade gold zone along the Estrid Fault. Highlight intercepts from the 34-hole, 3,942-metre program include:

13 metres at 2.68 g/t Au from 66 metres, including 3 metres at 10.41 g/t Au from 66 metres (NC046)
11 metres at 2.20 g/t Au from 84 metres, including 1 metre at 18.06 g/t Au from 86 metres (NC046)
17 metres at 1.85 g/t Au from 25 metres, including 7 metres at 3.55 g/t Au from 25 metres (NC063)

At the Egina Joint Venture, De Grey Mining (ASX: DEG) continues exploration at the Becher Project, where drilling at Heckmair, Lowe, and Whillans prospects is ongoing, southwest of De Grey’s 12.7 Moz Hemi Gold Project.

Further exploration is also underway at the fertile Tabba Tabba Shear Corridor, where Novo is focusing on high-priority targets along a 60-kilometre stretch.

Novo has also secured an important Determination Wide Aboriginal Heritage Protection Agreement with the Kariyarra Aboriginal Corporation, covering approximately 1,700 square kilometres of Novo’s tenure in the Egina Gold Camp. This agreement facilitates critical access for ongoing exploration activities, particularly under the Egina farm-in and Joint Venture with De Grey.

Additionally, Novo’s agreement with the Kariyarra Aboriginal Corporation will expedite the granting of tenement E47/4703 at the Balla Balla Gold Project, where Novo plans to commence aircore drilling on priority orogenic and intrusion-related targets near the regional Sholl Shear Zone.

Exploration activities in Q4 2024 will focus on drilling at Balla Balla and field-based activities at Miralga in the East Pilbara.

Commenting on the company’s exploration progress, Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said:

We continue our strong exploration program across key gold targets in the Pilbara. The drilling results at Nunyerry North are very promising and we look forward to assessing the complete program and establishing the next set of work activities.

Our Egina Joint Venture partner, De Grey Mining, continues targeted exploration programs across key prospects at the Becher Project. De Grey has completed approximately 36,000 metres of combined aircore and RC drilling at Becher to end July 2024 and plans to continue to drill across the Heckmair, Lowe and Whillans targets over the coming months. Our Egina JV tenements are considered highly prospective for significant intrusion-related gold deposits and shares similar attributes to the nearby 12.7 Moz Hemi Gold Project.