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Highlights
Novo Resources reports significant drilling outcomes at Tibooburra’s Clone prospect
High-grade surface samples expand targets at John Bull Gold Project in NSW
Western Australian projects progress with broad mineral anomalies and future drilling plans
Novo Resources Corp (ASX:NVO), an exploration company listed on the ASX 300, delivered strong second-quarter field results, highlighting progress across its key gold projects in New South Wales and Western Australia. The quarter was marked by a maiden drilling program at the Clone prospect within the Tibooburra Gold Project, along with ongoing definition work at the John Bull Gold Project and early-stage exploration at various Western Australian tenements.
The company continues to target high-grade mineralisation zones and expand its geological footprint across established and emerging gold corridors.
Clone Prospect Defines Shallow Gold Mineralisation at Tibooburra
Novo’s Q2 activities were led by a maiden reverse circulation drilling campaign at the Clone prospect in the Tibooburra Gold Project. The program confirmed a significant gold system extending across a defined strike, with mineralisation remaining open to the north.
The drilling campaign targeted a corridor within the Clone trend, yielding results that outlined a shallow north-plunging shoot with notable continuity in both grade and width. The identified mineralisation aligns with regional structural features across the Albert Goldfields and supports further step-out drilling to the north and under cover to the south.
John Bull Gold Project Delivers Encouraging Surface Sampling Results
Novo also expanded its exploration footprint at the John Bull Gold Project, located within the New England Fold Belt. Fieldwork during the quarter identified multiple target areas supported by high-grade rock chip samples and strong soil anomalies.
The exploration program included sampling of mineralised quartz vein systems across structurally complex zones, highlighting widespread surface gold values. These findings underpin the company’s plan to initiate follow-up drilling at multiple targets, including the John Bull Breccia Zone, Shear Zone and historic sluicing areas.
The John Bull asset is currently under a farm-in arrangement with TechGen Metals, enhancing the project’s development scope through collaborative advancement.
Western Australian Projects See Broad Mineralisation Indicators
Novo also reported advancements at its Pilbara-based projects, including Balla Balla, Sherlock Crossing and Southeast Wyloo. The Balla Balla Gold Project, situated along the Sholl Shear Zone, saw a maiden aircore campaign which returned broad zones of low-level gold anomalism alongside elevated concentrations of silver, antimony, copper and bismuth.
At Sherlock Crossing and Southeast Wyloo, soil and rock sampling delineated strong antimony signatures and high-grade surface gold values. The completion of heritage and compliance approvals has positioned these tenements for drilling in the second half of the year.
Strong Cash Position Supports Ongoing Exploration Pipeline
Novo reported a robust cash position to support its continued exploration and drilling across its Australian portfolio. With multiple drilling programs planned for Tibooburra, John Bull and the Pilbara region, the company maintains a clear operational focus on expanding known zones and testing new structural corridors.
