Novo Resources Corp. announced continued drilling success at the Egina Gold Camp in the Pilbara, Western Australia, with significant results returned from final gold in photonAssayTM in the Company?s maiden reverse circulation (RC) drill program at Nunyerry North. The Nunyerry North project is a 70:30 joint venture with the Creasy Group.

Targeted RC drilling is also underway at the Becher Project, where De Grey Mining (De Grey) has plans to test the Heckmair, Irvine and Lowe prospects before year-end. De Grey have recently completed 192 infill aircore (AC) drill holes for a total of 5,251 m at Becher as part of its planned initial 39,000 m drill program. Results are expected over the next 4 to 5 weeks.

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 Project to the north and northeast. This tenure has been one of the main focus areas for 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.

Several prospects remain to be tested in the southern part of the corridor in 2024. Novo recently completed its maiden drill program of 30 holes for 2,424 m of shallow RC drilling at Nunyerry North with positive results for the program. Angled drill holes averaged 81 m depth and ranged from 36 to 120 m in depth.

These were conducted on 40 to 60 m spaced sections in two areas over the strongest gold-in-soil anomaly, with holes approximately 20 m apart on section. All holes were drilled oriented perpendicular to the estimated mineralized trend, with the intersected widths representative of the true width of the mineralization Results received include best intercepts of 11 m @ 1.98 g/t Au including 7m @ 2.92 g/t Au (NC014), 4 m @ 4.15 g/t Au including 2m @ 7.42 g/t (NC015), 8m @ 1.31 g/t Au (NC024) and 4m @ 3.56 g/t Au (NC027) including 2m @ 6.06 g/t Au. with intercepts calculated using up to 3 m internal dilution and 0.3 g/t Au cut-off).

First pass drilling has defined several zones of mineralised quartz veining. The Main Lode #1 is essentially blind (only a small area of the target outcrops) and several other mineralised zones identified during reconnaissance drilling are completely blind. The primary target in the western part of the drilled area, Main Lode #1, has shown consistency in all sections and has a south-southeast dip of approximately 60 degrees and an interpreted shallow plunge to the east.

Mineralisation is hosted in arrays of white quartz veins with minor sulphides including chalcopyrite. The vein arrays trend between two north dipping shear zones, the Freyda and Skadi Shear Zones, and are hosted in a 60 m wide zone of fine to medium grained mafic to high-MgO basalt within an ultramafic dominant package. It is important to understand that this maiden drill program only tests a small area of the overall Nunyerry North prospect.

It is recognized from surface work that the Nunyerry North prospect has significant visible gold or coarse nuggety gold, which provides challenges to obtain accurate assay results. Novo is conducting trials on the best methodology and sample size to allow accurate reporting of the gold assays. Intercepts from the first four drill holes were sent for 1 kg screen fire-assay (total gold) to assess coarse gold variability.

Most gold intercepts were enhanced using screen fire assay, with comparisons including: 4 m @ 1.0 g/t Au, re-reporting as 4 m @ 1.76 g/t Au using screen fire assay; and 7 m @ 0.75 g/t Au re-reporting as 8 m @ 1.42 g/t Au using screen fire assay.