Novo Resources Basks in Promising Antimony-Gold Exploration Findings

Insight into the Antimony-Gold Potential of Pilbara

HIGHLIGHTS

• Novo has wrapped up a thorough assessment of the antimony (Sb) – gold (Au) potential in its extensive Pilbara land holdings, considering the current shifts in global strategic metals supply.
• Two prospects have emerged prominently for their high antimony potential: the historic Sherlock Crossing (Clarke) antimony mine and the intriguing Southeast Wyloo antimony-gold stream sediment anomaly.
• The rich history of the Sherlock Crossing antimony mine dates back to its discovery in 1906, with operations continuing until 1916. Novo undertook fieldwork in 2022, including reconnaissance and sampling efforts, which yielded substantial results of 1.71 g/t Au and 592 ppm Sb.
• The Southeast Wyloo anomaly boasts two prominent 2km strike high-grade Sb (± Au) stream sediment anomalies, showing very encouraging peak results: 387 g/t Ag, 5.0% Pb, 1.6% Zn, 2.4% Cu, 0.38% Sb, and 0.52 g/t Au.
• Exciting targets have been identified, highlighting the necessity for comprehensive follow-up exploration activities in these areas.

NOVO RESOURCES CORP. stands firmly as a prominent player in the exploration of strategic metals. The rapidly changing scenario in the global supply of antimony makes this exploration particularly timely.

Sherlock Crossing Antimony Mine

The historic Sherlock Crossing (Clarke) site boasts not only a rich legacy but also promising geological characteristics. Initially, it produced 16 tonnes of concentrate graded at 53% Sb and an impressive Au range from 10.9 g/t to 72.9 g/t. This alluring potential continues to attract attention.

The geological landscape surrounding this site is primarily covered by flood-transported sediment, contributing to the challenge of direct mineralization assessment. Previous evaluations, however, have indicated notable mineralization extending along a strike length of 1,207 meters.

The strategic sampling conducted by Novo in 2022 unearthed notable peak results of 1.71 g/t Au and 592 ppm Sb. Original high-grade samples, however, have not yet been reassessed. Moreover, soil sampling around the site indicated additional potential, with soil results exhibiting concentrations up to 33.6 ppm Sb.

Exploration Efforts at Southeast Wyloo

Novo's exploration endeavors on the Wyloo tenement E47/4213 revealed two significant stream sediment anomalies rich in Sb located to the southeast of the area. The anomalies span approximately 2 km, with enhanced focus on a dominant quartz-sulphide zone rich in base metals.

Analysis of stream sediment samples led to encouraging peaking values, indicative of promising stibnite and precious metals presence across multiple rock chip samples. The successful completion of rock chip sampling in 2023 has helped clarify the mineralization potential, making this a high-priority site for future assessment.

Future Exploration and Potential

Moving forward, Novo Resources plans to conduct extensive follow-up sampling and validation of previously high-grade rock chips across both the Sherlock Crossing (Clarke) area and the SE Wyloo prospect. This includes heritage assessments, comprehensive soil sampling, and preliminary drilling to target primary areas showing indications of substantial mineralization.

Moreover, the analytical methodologies employed during exploration underline Novo's commitment to meeting rigorous geological surveying standards. Soil, rock, and stream sediment samples analyzed in accordance with established procedures offer a solid foundation for future resource estimation efforts.

Novo's Strategic Position

As an innovative force in gold exploration, Novo Resources continues to carve its niche in the mining sector with significant ventures across its expansive Pilbara holdings. Notably, its land comprises some 6,700 square kilometers rich in historical significance, opening doors to potentially lucrative resource discoveries.

Novo's key project area is positioned near the Egina Gold Camp, where collaborative explorations promise to yield significant findings. The partnerships formed, especially in the context of emerging battery metals ventures, mark a substantial strategic direction as the market shifts towards high-demand materials.

Frequently Asked Questions

What are the key highlights of Novo's exploration results?

Novo has pinpointed two primary prospects, Sherlock Crossing and Southeast Wyloo, highlighting promising antimony and gold potential through thorough sampling and evaluation.

How significant is the history of the Sherlock Crossing mine?

The Sherlock Crossing mine has a storied past, with notable production of antimony and gold dating back to early 1900s operations, offering deep geological insights.

What are the expected future activities for Novo Resources?

Future activities will include follow-up sampling, geological evaluations, and comprehensive exploration focused on previously identified high-grade areas.

What does the SE Wyloo prospect's potential entail?

The SE Wyloo prospect's stream sediment anomalies demonstrate valuable mineralization indicative of further exploration efforts aimed at defining tangible resource characteristics.

How is Novo positioning itself within the market?

As an innovative explorer of gold and other strategic metals, Novo is focusing on building partnerships and advancing exploration activities to leverage resource opportunities.

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