Novo Resources Corp. announced updated, high-grade results from the maiden reverse circulation (RC) drill program completed at Nunnery North in late 2023. The company announced outline the 2024 exploration plans for Nunyerry North, at the Egina Gold Camp, as well as planned exploration programs near Karratha.

The Nunyerry North project is a 70:30 joint venture with the Creasy Group. The Egina Gold Camp is a contiguous tenement package, targeted on a series of structurally complex, gold-fertile corridors, hosted by rocks of the Mallina Basin in the north and mafic /ultramafic sequences further south. These corridors trend towards De Grey?s 11.5 Moz Hemi Gold Project2 to the north and northeast.

This tenure has been one of the main focus areas of Novo?s exploration programs over the last eighteen months, culminating in the Egina JV with De Grey, and delineation of the Nunyerry North orogenic gold prospect. The Nunyerry North prospect is located along the southern extent of the Tabba Tabba Shear, a deep tapping gold-fertile structural corridor where Novo plans to test several key prospects in 2024. Nunyerry North Phase 1 Drilling Results Update: Initial results from both surface and drilling samples indicated visible gold or coarse nuggety gold, with early trials conducted to assess gold variability3.

Based on the results, Novo resubmitted all significant drill intercepts for multi-pot PhotonAssay whereby all sample material was split over multiple PhotonAssay pots. The final assay result was calculated as the weighted average of the pot grade and pot weight which resulted in larger overall sample weights and more accurate assay results. All significant intercepts noted below are now derived from multi-pot PhotonAssay analysis, with an average sample size of approximately 2 kg, or four pots per sample.

Whilst many significant intercepts have improved by analysing a larger sample size, the distribution of coarse gold is by definition variable, and as a consequence not all re-assaying resulted in an assay upgrade. Updated results now include best intercepts of: 6 m at 6.12 g/t Au from 37 m, including 5 m at 7.28 g/t Au from 37 m (NC017). 11 m at 2.52 g/t Au from 22 m, including 6 m at 4.19 g/t Au from 22 m (NC014).

13 m at 1.89 g/t Au from surface, including 4 m at 2.56 g/t Au from 3 m (NC004). 4 m at 5.71 g/t Au from 40 m, including 3 m at 7.47 g/t Au from 41 m (NC015). 17 m at 1.34 g/t Au from 37 m, including 4 m at 3.77 g/t Au from 50 m; 18 m at 0.60 g/t Au from 75 m and 7 m at 1.78 g/t Au from 59 m (NC022) ?

highlighting significant mineralization over a 55 m intercept. 14 m at 1.14 g/t Au from 39 m (NC006). 16 m at 0.99 g/t Au from 2 m (NC008).

13 m at 0.91 g/t Au from 53 m (NC024). 5 m at 3.12 g/t Au from 26 m, including 4 m at 3.81 g/t Au from 26 m and 13 m at 0.80 g/t Au from surface (NC027).