HIGHLIGHTS
• Novo's partner De Grey Mining Ltd (ASX:DEG) is planning ~ 39,000 m of aircore,
reverse circulation and diamond drilling, commencing in September on the Egina
joint venture area1, focussing initially at Becher.
• Novo will carry out ~ 2,000 m of reverse circulation drilling at Nunyerry North to test structurally controlled high-priority gold targets and extensive gold in soil anomalies, beginning in September.
• Reconnaissance exploration of emerging Pilbara targets continues, with first pass drilling planned at the Bamboo-Strattons and Balla Balla projects.
• At Belltopper in Victoria, 2,000 m of diamond drilling will test high priority targets developed from 3D modelling of integrated datasets and is scheduled for late H2,
2023.
• Argonaut PCF has been appointed as financial adviser to assist with a strategic review of the Nullagine Gold Project.

VANCOUVER, BC - Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on exploration programs scheduled for the remainder of 2023 across its extensive tenement portfolio in the Pilbara, Western Australia and Belltopper in Victoria.
Following Novo’s recent application to dual list on the Australian Securities Exchange (“ASX”) and proposed IPO raising of A$4m by way of an issue of Chess Depositary Interests (“CDIs”)
pursuant to a prospectus lodged with the Australian Securities and Investments Commission on 2 August 2023 (with the ability to accept over-subscriptions for an additional A$3.5m), Novo is pleased to provide further details of its planned exploration programs3
. Novo’s exploration plans remain subject to the successful completion of the proposed IPO capital raising and ASX dual listing.
At the Egina earn-in and joint venture area, ~ 39,000 m of aircore ("AC") and follow-up reverse circulation ("RC") and diamond drilling is expected to be conducted by De Grey (ASX:DEG) (“De Grey”). All exploration programs across this area are managed by De Grey under the terms of the earn-in arrangement.
Novo has a busy second half of exploration planned across other key targets, including approximately 6,000 m of drilling at Nunyerry North, Balla Balla, and Bamboo-Strattons in the Pilbara (Figure 1), and 2,000 m at Belltopper in Victoria.
see & read more on
https://novoresources.com/wp-content/uploads/2023/08/H2-2023-Drill-Programs.pdf