Exploration to Expand Into the East Pilbara

In This Article:

Novo Resources Corp.
Novo Resources Corp.

HIGHLIGHTS

  • Novo Resources signs a Determination Wide Aboriginal Heritage Protection Agreement with the Nyamal Aboriginal Corporation covering 1,500 sq km of tenure in the East Pilbara.

  • The Agreement paves the way for Novo to commence further exploration activities at the priority Bamboo and Miralga Projects.

  • A heritage site avoidance survey has been completed to facilitate drill testing of the Bamboo gold trend, including orogenic and IRG targets.

  • Surface mapping and sampling has commenced at the Miralga Project, following up on porphyry style and intrusion related targets generated from historical data and reconnaissance work in 2021.

  • Rock chip samples collected by Novo at Gully Washer (Miralga Project) associated with a mineralised breccia and vein array returned peak results of 14.8 g/t Au, 10,083 g/t Ag, 3.8% Cu, 28.3% Pb and 3.6% Zn1.

  • The footwall of the mineralised gossanous outcrop at Gully Washer returned four
    > 2,000 g/t Ag rock chip samples along 100 m of strike1.

Field photographs from exploration programs at Bamboo (left) and Miralga (right)
Field photographs from exploration programs at Bamboo (left) and Miralga (right)


Field photographs from exploration programs at Bamboo (left) and Miralga (right)

Commenting on the latest exploration programs in the East Pilbara, Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said “We are pleased to have reached an agreement with the Nyamal Aboriginal Corporation and thank them for their ongoing support of Novo and our exploration endeavours on their land. The terms of this agreement attest to the strong relationship Novo has with the Nyamal People.

Novo looks forward to advancing its exploration in the region, as we continue key activities across the priority Bamboo and Miralga Projects.”

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1 Refer to Appendix 1 for assay results.

VANCOUVER, British Columbia, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQX: NSRPF) is pleased to advise that a Determination Wide Aboriginal Heritage Protection Agreement (the Agreement) has been signed between Novo and the Nyamal Aboriginal Corporation (NAC). The execution of this Agreement streamlines the interactions between Novo and the Nyamal People and confirms Novo’s commitment to open, honest and transparent dealings with the Traditional Owners of the Pilbara Region.

The Agreement with NAC covers a large part of the East Pilbara District and allows Novo to conduct non ground disturbing surface works including mapping and surface geochemistry, specifically targeting the priority Bamboo and Miralga Projects. A cultural heritage site avoidance survey took place at Bamboo on 6 and 7 August 2024 to enable drill testing, with a final report expected later in the month.