Novo Resources Corp (ASX:NVO TSE:NVO) has made significant strides in uncovering promising gold prospects at its Nunyerry North project located in Western Australia. The company's recent reanalysis of drill intercepts, utilizing advanced PhotonAssay™ technology, has led to the identification of a notable grade increase. Among the findings was a 6-metre intercept grading 6.12 g/t gold from a depth of 37 metres, showcasing the potential for high-grade gold deposits within the project area.
Mike Spreadborough, Co-chair and acting CEO of Novo Resources, emphasized the 'substantial upside potential' of the Nunyerry North project. The reanalysis process involved comparing 4-kilogram samples against the traditional 500 grams, a method that uncovered the presence of coarse gold. This discovery has prompted the company to adopt a strategic shift in its assay methodology to better capture the project's gold potential.
Looking ahead, Novo Resources is planning a phase two drill program aimed at exploring the extensions of the known gold-bearing horizon, structural targets, and a possible mineralised porphyry intrusion. The company has outlined intentions to carry out 4,000 metres of reverse circulation drilling along a 2-kilometre strike, further investigating the project's promising prospects.
In addition to the technical advancements, Spreadborough also highlighted recent positive board changes within Novo Resources. With the encouraging results from the Nunyerry North project, the company is poised to leverage the substantial upside potential of the project, marking a significant step forward in its exploration efforts. For more information on Novo Resources Corp and its projects, visit https://www.novoresources.com.
