Figure 1: Novo Pilbara tenure showing main projects and significant prospects.
EGINA GOLD CAMP
The Egina Gold Camp is Novo’s highly prospective gold belt in the Pilbara and includes the priority Becher and Nunyerry projects (Figure 1). This belt comprises 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 Mining Limited’s (ASX: DEG) 12.7 Moz Au (JORC 2012) Hemi Gold Project¹ to the north and northeast.
Novo’s tenure forms a contiguous package of approx. 80 km strike length directly along this trend and has been one of the main focus areas for Novo’s exploration and joint venture programs over the last eighteen months, culminating in the Egina earn-in/JV with De Grey and delineation of the Nunyerry North orogenic gold prospect.
In addition to the earn-in/Egina JV and the expanding greater Nunyerry project area, several other priority gold targets are also being progressed along the main structural corridors within the Egina Gold Camp (Figure 2). These prospects form part of Novo’s regional reconnaissance program in 2024.
Egina JV (De Grey earning a 50% interest)²
De Grey commenced AC drilling at Becher in October 2023 as part of their planned 39,000 m program of AC, RC and diamond drilling.
A total of 271 infill AC holes were drilled for 7,536 m in Q4 2023, targeting the Heckmair/Irvine and Bonatti prospects. In addition, RC drilling is ongoing, with the first 29 drill holes for 4,154 m completed focusing on the Heckmair/Irvine and Lowe prospects.
Final assays are anticipated in Q1 2024.
De Grey has completed drilling for the year and will resume drilling in the New Year.
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