SIGNIFICANT DRILLING RESULTS AT BELLTOPPER

Novo Resources Announces Promising Gold Intercepts and New Discoveries

Novo Resources Corporation (ASX: NVO) has completed a six-hole, 2,529 m diamond drilling program at the Belltopper Gold Project in Victoria, yielding significant intercepts and new discoveries.

Highlighted results include:

  • 5.6 m @ 3.14 g/t Au from 219.8 m and 4.25 m @ 5.88 g/t Au from 274.75 m (including 2 m @ 11.15 g/t Au) and 1.94 m @ 2.37 g/t Au from 230 m in BTD001 on the Leven Star Reef.
  • 2 m @ 15.18 g/t Au from 9 m in BTD004 on a newly discovered reef.
  • 12.26 m @ 1.45 g/t Au from 185 m (including 4.6 m @ 2.64 g/t Au) in BTD005 on the Missing Link Reef.
  • 7 m @ 1.88 g/t Au from 179 m (including 3.19 m @ 3.42 g/t Au) in BTD006 on the Piezzi Reef, a parallel structure to the O’Connors Reef.

New gold reefs have been delineated, and extension potential demonstrated on several key historic reefs. A new high-priority north-west trending target corridor was also defined.

Hole BTD001 extended mineralisation up to 120 m down-dip on the Leven Star Reef in an emerging high-grade zone.

Anomalous gold in BTD003 indicates a potential north-east extension to the Leven Star Reef in addition to evidence for a prospective parallel structure (the Butchers Gully Fault).

Hole BTD002 intersected the Hanover Reef and discovered an additional, parallel reef (the Welcome Fault) returning 4.1 m @ 2.37 g/t Au from 36.1 m. BTD002 is the only hole drilled into this developing target corridor.

Structural logging has confirmed the geometry and position of major anticline corridors which remain priority targets for structurally controlled high-grade gold events such as those seen at the nearby Fosterville gold mine.

Work during Q3, 2024 will focus on reviewing and re-logging key historic drill holes from the developing target corridors at Belltopper and will include a detailed review of the Leven Star mineral resource.

Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said:

It is exciting to see promising results in the Belltopper drill results and identifying new gold reefs. Our team is focussed on determining the best way forward following the results received.

Our exploration activity across key assets continues to deliver exciting results and importantly, we are well-funded to continue our strong exploration program throughout 2024.

Read the full announcement

Goldman

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