New Basement Gold Targets Identified at Novo’s Egina Project
VANCOUVER, British Columbia, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce that it has identified a series of new targets in the northern sector of the Egina project centred on exploration licence 47/3673 (Figure 2). These newly identified targets are located within a broad NE-trending structural corridor which forms part of a network of shear zones and sanukitoid intrusive centres that host De Grey’s recent Hemi discovery1. Hemi is one of Australia’s recent major gold discoveries, hidden under 20 to 30 m of transported cover.
- This information has not been verified by Novo and is not necessarily representative of mineralization throughout the Egina project.
- Exploration planned for early 2022 includes high-resolution aeromagnetics, regolith and basement mapping, grid soil sampling and drilling to test these priority targets.
- These newly identified targets are located within a broad NE-trending structural corridor which forms part of a network of shear zones and sanukitoid intrusive centres that host De Greys recent Hemi discovery1.
- Hemi is one of Australias recent major gold discoveries, hidden under 20 to 30 m of transported cover.