Curated News
By: NewsRamp Editorial Staff
March 28, 2024
Novo Resources Corp Sees Promising Gold Outcomes and Plans Phase Two Drill Program in Western Australia
Discuss on RedditTLDR
- Promising gold outcomes and strategic shift in assay methodology provide potential advantage for investors in Novo Resources Corp.
- Advanced PhotonAssay™ technology reassessed samples, revealing significant grade increase, notably a 6-metre intercept at 6.12 g/t gold from 37 metres depth.
- The substantial upside potential of Nunyerry North and the forthcoming phase two drill program aim to make the world a better place through gold discovery and extraction.
- Recent reanalysis using advanced technology revealed the presence of coarse gold, prompting a strategic shift in assay methodology at Nunyerry North in Western Australia.
Impact - Why it Matters
The news is important for investors interested in the gold market and the stock market, as it highlights the substantial upside potential of Nunyerry North and the strategic shift in assay methodology. The forthcoming phase two drill program and the positive board changes at Novo Resources Corp signal potential opportunities for investment and growth in the company's operations.
Summary
Novo Resources Corp's co-chair and acting CEO Mike Spreadborough discusses promising gold outcomes from recent reanalysis of drill intercepts in a 2023 program at Nunyerry North in Western Australia. The company used advanced PhotonAssay™ technology to reveal a significant grade increase, prompting a strategic shift in assay methodology. Spreadborough outlines the forthcoming phase two drill program, aimed at probing the extensions of the known gold-bearing horizon, structural targets, and a possible mineralized porphyry intrusion, as well as plans to execute 4,000 meters of reverse circulation drilling along a 2-kilometer strike.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Novo Resources Corp Sees Promising Gold Outcomes and Plans Phase Two Drill Program in Western Australia
