Novo Resources Corp (TSX:NVO, ASX:NVO ) executive co-chair and acting CEO Mike Spreadborough sits down with Proactive’s Jonathan Jackson to discuss the start of two drilling programs at the Becher JV Project in Western Australia's Pilbara region. These programs target gold and base metal mineralisation at the Heckmair and Lowe prospects. De Grey Mining, Novo's farm-in and joint venture partner, will conduct 28,000 metres of combined aircore and reverse circulation (RC) drilling, adding to the 10,500 metres drilled last year.
The Lowe prospect previously yielded results of up to 8 metres at 4.7 g/t gold from 97 metres while Heckmair produced a 24-metre multi-element intersection with gold, silver, copper, lead and zinc mineralisation.
Becher is part of the Egina Gold Camp, operated under the Egina Joint Venture. De Grey Mining aims to earn a 50% stake through a $7 million exploration investment this year and a further $25 million over the next four years.
Spreadborough described this phase as an exciting time for the Egina JV, highlighting the recommencement of the drilling programs. He emphasised the continuation of the 28,000 metres of drilling as a follow-up to the initial program completed in 2023, advancing key targets historically identified by Novo.
In addition to Becher, Novo is undertaking 4,000 metres of RC drilling at Nunyerry North, expected to complete this month with assay results available later in the month. Subsequent plans include aircore drilling at the Balla Balla Gold Project or RC drilling in the Karratha District, targeting gold-copper and platinum-palladium, depending on heritage surveys and approvals.
#ProactiveResources #NovoResources #ASX #DeGreyMining #GoldExploration #BecherProject #PilbaraRegion #MiningNews #EginaGoldCamp #DrillingPrograms #MineralExploration #GoldMining #BaseMetals #JointVenture #AircoreDrilling #RCDrilling #MiningInvestments #ExplorationUpdate #GoldProspects #AustralianMining #ResourceDevelopment #MineralResources
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
9 июл 2024
