High-Grade Gold Discovery Rocks Pilbara Region
Novo Resources has struck impressive gold and antimony results from its exploration campaigns across multiple projects situated near Northern Star Resources' renowned Hemi gold operation in Western Australia's Pilbara region. The company's latest findings reveal extraordinary gold grades that highlight the area's rich mineral potential.
Exceptional Results from Teichman Project
The rock-chip sampling program at Novo's Teichman area, located adjacent to the Egina gold camp earn-in joint venture with Northern Star, delivered stunning gold grades of 77.5 grams per tonne and 51.4 grams per tonne. Remarkably, eleven separate samples returned gold concentrations exceeding 10g/t, demonstrating the consistent high-grade nature of the mineralisation.
Mapping and geochemical sampling across the Teichman area has identified multiple prospects spanning a substantial 1.3 kilometre by 2.5 kilometre zone. Company management has highlighted the strong potential within two primary shear corridors that show promising geological characteristics.
The Teichman project sits directly south of the Egina JV and forms part of the Croydon JV project, which Novo holds in partnership with entities associated with prominent prospector Mark Creasy. The ownership structure shows Novo maintaining a 70 percent stake, while Creasy Group's Runnel Holdings holds the remaining 30 percent.
Drilling Success at Sherlock Crossing
Complementing the surface sampling success, drilling at the Sherlock Crossing prospect yielded solid assays of 3 metres at 2.96g/t gold and 1.86 percent antimony from 108 metres depth. This included an even more impressive 1-metre interval grading 7.71g/t gold and 4.77 percent antimony, indicating significant mineralisation at depth.
The scout drilling program at Sherlock Crossing comprised eight holes totaling 1026 metres, spaced approximately 80 metres apart across four sections. The drilling focused on historic Clarke mine workings, revealing mineralisation associated with thick quartz veining and carbonate-altered ultramafic-mafic wall rock.
Additional assays from Sherlock Crossing included 1 metre at 3.15g/t gold and 84 parts per million antimony from 19 metres depth, plus another 1-metre interval grading 1.05g/t gold and 246ppm antimony from 59 metres within the same hole.
Multiple High-Grade Prospects Identified
The Pride NNE prospect yielded the standout rock chip sample of 77.5g/t gold, which also contained 9.3g/t silver and 0.24 percent copper. Meanwhile, the Pride N prospect returned 51.4g/t gold along with 7.9g/t silver and 0.59 percent copper.
Company geologists have identified a 1.2 kilometre corridor of carbonate alteration and mineralisation beneath thin shallow cover at the Pride prospects. The area features numerous historic workings along complex northeast-trending shear structures.
Further high-grade gold results came from multiple locations, including 6.9g/t at Pride, 30.3g/t at Teichman, 17.5g/t at Teichman N, and 38.3g/t at the Mountain Maid prospect.
The exploration work followed successful discussions with the local Muraginya community, which granted access to the site for first-pass ground exploration aimed at defining drill targets.
Future Exploration Plans
Novo has identified several priority targets for follow-up work, with plans to fast-track them to drill-ready status. The company notes that geological work has highlighted numerous exciting prospective drill targets featuring complex geology and structure.
Mike Spreadborough, Novo Resources executive co-chairman and acting chief executive officer, commented: "The geological work at Teichman has highlighted several exciting prospective drill targets with complex geology and structure and significant areas of cover. We will continue to progress key work activities in the lead-up to a possible maiden drill program."
Regarding the Sherlock Crossing results, Spreadborough added: "Drilling at Sherlock has provided a significant gold-antimony intercept which is part of a much larger system and highlights the complexity of high-grade vein systems."
The company has yet to test a coherent 1.5 kilometre-long soil anomaly southwest of the recent drilling. A heritage survey has been completed, and a program-of-works for the southern portion of the anomaly has been approved.
Meanwhile, Northern Star continues exploration at the Egina earn-in JV project, where it can earn up to a 50 percent interest. The company plans continued field mapping, reconnaissance, and desktop studies across tenements within the joint venture.
Novo's strategic location near the world-class Hemi operation positions the company advantageously in one of Australia's most promising gold regions. With multiple occurrences of ore-grade mineralisation now confirmed, the projects show potential to develop into significant mining operations.
