Novo Resources Corp (ASX:NVO TSE:NVO) has uncovered promising gold prospects at its Nunyerry North project in Western Australia. Through a recent reanalysis of drill intercepts using advanced PhotonAssay™ technology, the company identified a significant grade increase, including a 6-metre intercept grading 6.12 g/t gold from 37 metres depth.
Co-chair and acting CEO Mike Spreadborough highlighted the ‘substantial upside potential’ of Nunyerry North, noting some high-grade results near the surface. The reanalysis, which compared 4-kilogram samples against the traditional 500 grams, revealed the presence of coarse gold, prompting a strategic shift in assay methodology.
Spreadborough outlined the company’s plans for a forthcoming phase two drill program, aimed at probing the extensions of the known gold-bearing horizon, structural targets, and a possible mineralised porphyry intrusion. Novo Resources intends to execute 4,000 metres of reverse circulation drilling along a 2-kilometre strike.
The acting CEO also spoke about positive board changes Novo recently implemented. With the promising gold outcomes at Nunyerry North, the company is well-positioned to capitalize on the substantial upside potential of the project.
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