Proactive - Interviews for investors

Novo Resources extends high-grade gold strike at Nunyerry North

Episode Summary

Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) executive co-chair and acting CEO Mike Spreadborough joins Proactive’s Tylah Tully to discuss progress at the company’s projects in the Pilbara region of Western Australia. The company has extended the high-grade Main Lode at Nunyerry North to 500 metres of strike, discovering significant gold mineralisation in the process. At the Egina Gold Camp JV, partner De Grey Mining is advancing the Becher Project with substantial drilling activities while Novo Resources is additionally focusing on targets along the Tabba Tabba Shear Corridor. Novo recently signed an Aboriginal Heritage Protection Agreement with the Kariyarra Aboriginal Corporation, covering approximately 1,700 square kilometres of Novo’s tenure in the Egina Gold Camp. This also facilitates the acquisition of tenement E47/4703 in the Balla Balla Gold Project. Novo plans to prioritise the Balla Balla project in the fourth quarter, with aircore drilling planned near the Sholl Shear Zone. The drilling program at Nunyerry North yielded promising results, with key intercepts including: 13 metres at 2.68 g/t gold from 66 metres, including 3 metres at 10.41 g/t. 11 metres at 2.20 g/t gold from 84 metres, including 1 metre at 18.06 g/t. 17 metres at 1.85 g/t gold from 25 metres, including 7 metres at 3.55 g/t. #Proactiveinvestors #NovoResources #ASX #GoldExploration #NunyerryNorth #PilbaraGold #MiningNews #AustraliaMining #GoldDiscovery #DeGreyMining #BallaBallaProject #EginaGoldCamp #DrillingResults #TabbaTabbaShear #ExplorationUpdate #AboriginalHeritage #Geology #GoldTargets #ResourceDevelopment #MiningProjects #GoldAssays #MineralExploration #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews