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Highlights
Novo Resources achieves promising maiden drilling results at Clone prospect
High-grade gold mineralisation confirmed across a substantial strike length
Follow-up exploration planned across Tibooburra Gold Project
Novo Resources Corp (ASX:NVO), listed on the All Ordinaries, has announced positive results from its first reverse circulation (RC) drilling campaign at the Clone prospect within the Tibooburra Gold Project in northwestern New South Wales. The drilling program has defined a shallow gold shoot extending across a significant strike length.
The Clone prospect was tested across a broad structural trend and the results confirm the continuity of high-grade mineralisation at near-surface depths. These results mark a step forward in Novo’s strategy to expand its Australian gold exploration footprint.
Strong Continuity Across Historical and Recent Drill Zones
Novo's maiden drilling filled a substantial gap between earlier holes drilled by Manhattan Corporation Ltd. This has effectively extended the continuity of grade and mineralisation over a previously untested zone. Structural interpretation now supports the presence of a north-plunging shoot, which aligns with the geological characteristics historically observed across the Tibooburra region.
The intercepts reveal consistent thickness and grade, supporting the geological model of a shallowly plunging, high-grade gold structure. According to Novo’s executive team, this validation provides a foundation for further work to define the mineralised system.
Next-Phase Drilling to Target Northern Extensions
Building on the initial results, Novo is preparing to extend drilling at Clone to explore the northern continuation of the gold shoot. The program will include structural mapping, downhole imaging, and relogging of historical drill core from the nearby New Bendigo prospect.
New Bendigo, which lies along the broader Pioneer-Phoenix trend, has previously delivered high-grade intercepts. The broader tenement spans multiple targets along a defined strike length, with Clone and New Bendigo currently the most advanced.
The company’s exploration strategy aims to refine geological understanding and unlock additional mineralised trends across the wider project area.
Strategic Milestone Reached Under Farm-In Agreement
Novo has now fulfilled the minimum requirements under its farm-in agreement with Manhattan Corporation, securing a controlling interest in the Tibooburra Gold Project. This development aligns with the company’s broader exploration strategy that prioritises scalable gold assets across highly prospective jurisdictions.
Tibooburra forms part of Novo’s diversified exploration portfolio, which includes key holdings in Western Australia and assets linked to lithium exploration. The company continues to advance its project pipeline with the goal of identifying economically viable mineral systems through systematic, geology-driven exploration.
Broader Project Potential Anchored in Structural Model
The latest drilling success at Clone, paired with historic data from New Bendigo, strengthens the outlook for the broader Tibooburra Gold Project. The structural similarities between Tibooburra and known orogenic systems in Central Victoria provide a geological basis for continued focus on the area.
