Exploration Program Opportunities At The Nullagine Gold Project

VANCOUVER - Novo Resources Corp. reported on its current exploration program for the remainder of 2021. The program focuses on two primary objectives: Advancing near mine exploration opportunities at its Nullagine Gold Project (NGP); and Following up at numerous greenfields conglomerate-hosted and basement targets across the Pilbara and in Victoria, Australia.

The program for the remainder of 2021 also includes mechanical sorting test work from multiple projects including Novo’s Karratha gold project. Exploration programs in Victoria are already progressing with promising targets generated for drill testing in the latter half of 2021 on the Malmsbury project via the joint venture with GBM Resources Ltd. (GBM).

2021 Exploration Highlights: Exploration at the NGP accelerated during the quarter ending June 30, 2021 including commencement of reverse circulation (RC) drilling at Beatons Creek and near mine extension. Both conglomerate and basement targets across the district have been evaluated in the last few months, with drill programs scheduled at a series of targets; Several new conglomerate-hosted gold targets had been identified during regional reconnaissance mapping and surface sampling by Novo during the 2019 and 2020 field seasons. High priority targets are being followed up with more detailed programs in 2021 including detailed mapping, costean sampling and drill targeting. Novo is considering some of these prospective for potential bulk sampling and mechanical sorting by establishing the NGP as a central hub for such test work. The NPG-based Steinert mechanical sorter will allow the testing of mineralized material from Beatons Creek as well as large-scale bulk samples from Comet Well and Purdy’s Reward; A series of exciting basement-hosted targets are also being developed across Novo’s Pilbara tenure. An airborne geophysical survey has been commissioned for acquisition of high resolution aeromagnetic and radiometric data, to commence during the quarter ending September 30, 2021; and Early this year, Novo conducted exploration at its Malmsbury, Victoria joint venture where exciting targets have been generated for drill testing later this year.