High Grade Gold Anomaly Extended at John Bull in Preparation for Drilling

In This Article:

Novo Resources Corp.
Novo Resources Corp.

HIGHLIGHTS

  • Detailed mapping, soil sampling and rock chip sampling recently completed by Novo at the John Bull Gold Project follows previously reported outstanding results by TechGen Metals Limited (TechGen) (ASX: TG1)1.

  • Novo soil sampling extended the known > 100 ppb Au anomaly to ~ 1.5 km strike with a peak soil result of 1.59 g/t Au.

  • Novo rock chip sampling returned peak results of 67.9 g/t Au and 29 g/t Au from sheeted quartz veins in NW and NE trending mineralised structural zones, demonstrating potential for high-grade mineralisation.

  • Targets have been defined by high order soil anomalism and including sheeted quartz veins within preferred lithology, fault zones with intense sericite alteration and brecciation; and an Induced Polarisation geophysical anomaly co-incident with a major structure.

  • A ~1,500 m RC drill program is planned to commence in June 2025 (drill rig availability dependent), with four key targets identified.

  • The recent exploration campaign has significantly enhanced the understanding of the mineral system and strongly supports presence of an Intrusion Related Gold System (IRGS) model.

  • Element zonation suggests a proximal Sn-Bi-As core centred on a porphyritic intrusion mapped in the SW of the project area, flanked by intermediate Au-Mo-Cu-Sb-Te zones, and surrounded by the distal halo of sheeted veins with an Au-As-Sb-W association.

  • Peak results from multielement sampling include 0.49% W, 780 ppm Sb, 5.6 ppm Mo and 14.9 ppm Bi.


Mike Spreadborough, Executive Co-Chairman and Acting Chief Executive Officer, said: “The recent exploration mapping and sampling campaign at John Bull has provided some exceptional drill targets, which we are excited to test through a ~1,500 m RC program in June.”

“Sourcing drilling contractors is underway and governmental approvals for the drilling campaign are eagerly awaited. Detailed mapping has delineated a large gold system interpreted to be associated with a porphyry in the SW portion of the John Bull tenement. Future work will expand on mapping and sampling to allow targeting of the sheeted-vein system and porphyry-related mineral systems. We look forward to providing an update on the drilling commencement date in the next few weeks.”

PERTH, West Australia, May 05, 2025 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQB: NSRPF) is pleased to announce results from the exploration campaign at the John Bull Gold Project (John Bull) located in the New England District of NSW (Figure 1), where Novo has a farm-in arrangement with TechGen Metals Limited (ASX: TG1) (TechGen). The program was designed to guide effective targeting for RC drilling scheduled in late June (drill rig availability dependent) and to understand the controls on mineralisation.