Belltopper Gold Project Video
Novo Resources Corp. (OTCQX: NSRPF) has released a video update on its Belltopper Gold Project, located 120 km northwest of Melbourne. The project is near Agnico Eagle's Fosterville Gold Mine and has historical gold production exceeding 60 million ounces. Novo's recent six-hole, 2,529 m diamond drill program in Q2 2024 yielded new significant gold intercepts, including two new gold reefs with substantial strike potential. The Belltopper Announcement defined an Exploration Target of approximately 1.5Mt - 2.1Mt at 6.6 g/t Au to 8.4 g/t Au, containing 320 koz to 570 koz of gold. The company aims to grow this Exploration Target and systematically test high-priority targets, including Fosterville-style, Bendigo-style, and intrusive-igneous targets. The information is compliant with the JORC Code (2012), but further exploration is required to estimate a Mineral Resource.
Novo Resources Corp. (OTCQX: NSRPF) ha rilasciato un aggiornamento video sul suo Progetto Oro Belltopper, situato a 120 km a nord-ovest di Melbourne. Il progetto si trova vicino alla Miniera d'Oro Fosterville di Agnico Eagle e ha una produzione storica di oro superiore a 60 milioni di once. Il recente programma di perforazione a diamante di sei fori, con un totale di 2.529 m, realizzato nel secondo trimestre del 2024 ha mostrato nuovi importanti intercetti d'oro, inclusi due nuovi reef auriferi con un notevole potenziale di estensione. L'Annuncio di Belltopper ha definito un Obiettivo di Esplorazione di circa 1,5Mt - 2,1Mt a 6,6 g/t Au fino a 8,4 g/t Au, contenente 320 koz fino a 570 koz di oro. L'azienda mira a far crescere questo Obiettivo di Esplorazione e a testare sistematicamente obiettivi di alta priorità, tra cui quelli in stile Fosterville, in stile Bendigo e quelli intrusive-igneous. Le informazioni sono conformi al JORC Code (2012), ma ulteriori esplorazioni sono necessarie per stimare una Risorsa Mineraria.
Novo Resources Corp. (OTCQX: NSRPF) ha lanzado una actualización en video sobre su Proyecto de Oro Belltopper, ubicado a 120 km al noroeste de Melbourne. El proyecto está cerca de la Mina de Oro Fosterville de Agnico Eagle y tiene una producción histórica de oro que supera las 60 millones de onzas. El reciente programa de perforación de diamante de seis agujeros, con un total de 2,529 m, realizado en el segundo trimestre de 2024, ha arrojado nuevos interceptos significativos de oro, incluyendo dos nuevos bancos de oro con un considerable potencial de extensión. El Anuncio de Belltopper definió un Objetivo de Exploración de aproximadamente 1.5Mt - 2.1Mt a 6.6 g/t Au hasta 8.4 g/t Au, conteniendo de 320 koz a 570 koz de oro. La empresa tiene como objetivo aumentar este Objetivo de Exploración y probar sistemáticamente objetivos de alta prioridad, incluyendo los de estilo Fosterville, estilo Bendigo y objetivos intrusivos-ígneos. La información cumple con el Código JORC (2012), pero se requiere más exploración para estimar un Recurso Mineral.
노보 리소스(Novo Resources Corp.) (OTCQX: NSRPF)는 멜버른에서 북서쪽으로 120km 떨어진 벨톱퍼 골드 프로젝트에 대한 비디오 업데이트를 발표했습니다. 이 프로젝트는 Agnico Eagle의 포스버릴 금 광산 근처에 위치하며, 역사적인 금 생산량은 6000만 온스를 초과합니다. 2024년 2분기에 진행된 6개 홀, 2,529m 다이아몬드 시추 프로그램에서는 두 개의 새로운 금 리프를 포함하여 상당한 금 인터셉트를 발표했습니다. 벨톱퍼 발표는 6.6 g/t Au에서 8.4 g/t Au로 약 1.5Mt - 2.1Mt의 탐사 목표를 정의했으며, 320 koz에서 570 koz의 금을 포함하고 있습니다. 회사는 이 탐사 목표를 확대하고 포스버릴 스타일, 벤디고 스타일 및 침투성 화성 암석 목표를 포함한 우선 목표를 체계적으로 테스트할 계획입니다. 정보는 JORC 코드(2012)를 준수하지만, 광물 자원을 추정하기 위해서는 추가 탐사가 필요합니다.
Novo Resources Corp. (OTCQX: NSRPF) a publié une mise à jour vidéo sur son Projet d'Or Belltopper, situé à 120 km au nord-ouest de Melbourne. Le projet est proche de la Mine d'Or Fosterville d'Agnico Eagle et possède une production historique d'or dépassant 60 millions d'onces. Le récent programme de forage à diamant de six trous, totalisant 2 529 m, réalisé au deuxième trimestre 2024 a révélé de nouveaux intercepts significatifs d'or, dont deux nouveaux filons d'or avec un potentiel d'étirement substantiel. L'Annonce Belltopper a défini un Objectif d'Exploration d'environ 1,5Mt - 2,1Mt à 6,6 g/t Au à 8,4 g/t Au, contenant de 320 koz à 570 koz d'or. L'entreprise vise à développer cet Objectif d'Exploration et à tester systématiquement des cibles de haute priorité, y compris des cibles de style Fosterville, de style Bendigo et des cibles intrusives-ignées. Les informations sont conformes au Code JORC (2012), mais des explorations supplémentaires sont nécessaires pour estimer une Ressource Minérale.
Novo Resources Corp. (OTCQX: NSRPF) hat ein Video-Update zu seinem Belltopper-Goldprojekt veröffentlicht, das 120 km nordwestlich von Melbourne liegt. Das Projekt befindet sich in der Nähe der Goldmine Fosterville von Agnico Eagle und hat eine historische Goldproduktion von über 60 Millionen Unzen. Das kürzlich im zweiten Quartal 2024 durchgeführte Diamantbohrprogramm mit sechs Bohrlöchern und einer Gesamtlänge von 2.529 m ergab neue signifikante Goldinterzepte, darunter zwei neue Goldriffe mit erheblichem Strike-Potenzial. Die Belltopper-Ankündigung definierte ein Explorationsziel von etwa 1,5Mt - 2,1Mt bei 6,6 g/t Au bis 8,4 g/t Au, das 320 koz bis 570 koz Gold enthält. Das Unternehmen hat das Ziel, dieses Explorationsziel zu erweitern und systematisch hochpriorisierte Ziele zu testen, darunter Fosterville-Style-, Bendigo-Style- und intrusive-igneous-Ziele. Die Informationen entsprechen dem JORC Code (2012), aber weitere Erkundungen sind erforderlich, um eine Mineralressource zu schätzen.
- New significant gold intercepts discovered in Q2 2024.
- Exploration Target defined at 1.5Mt - 2.1Mt with grades of 6.6 g/t Au to 8.4 g/t Au.
- Potential for 320 koz to 570 koz of contained gold.
- Exploration Target figures are conceptual and not Mineral Resource estimates.
- Further exploration is required to estimate a Mineral Resource.
VANCOUVER, British Columbia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQX: NSRPF) is pleased to provide a video update on the Company’s highly prospective Belltopper Gold Project (“Belltopper”), following the Company’s recent announcement titled “Belltopper Mineralisation Modelling Defines Prospectivity” released to the ASX on 25 September 2024 (“Belltopper Announcement”).
To view the video update, please follow the link to the Company’s website Novo Resources1.
Belltopper is located 120 km northwest of Melbourne and approximately 50 km south of Agnico Eagle’s Fosterville Gold Mine in the Bendigo Zone, an area with historical gold production of more than 60 million ounces.
Novo recently completed a six-hole, 2,529 m, diamond drill program in Q2 20242, commensurate with a re-logging and infill assay program on key historic holes. Recent campaigns build on previous drilling (2021 – 2022) and deliver new significant gold intercepts across a range of structural targets, including the discovery of two new gold reefs with significant strike potential.
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1 The Company confirms that the video does not contain any new material information not already released to ASX.
2 Refer to the Company’s ASX announcement dated 4 June 2024 – Significant Results from Diamond Drilling at Belltopper, Victoria
The Belltopper Announcement defined an Exploration Target for Belltopper of approximately 1.5Mt – 2.1Mt at a grade range of approximately 6.6 g/t Au to 8.4 g/t Au and with a contained gold ounces range of approximately 320 koz to 570 koz.3
An Exploration Target as defined in the JORC Code (2012) is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade (or quality), relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource. Accordingly, these figures are not Mineral Resource or Ore Reserve estimates as defined in the JORC Code (2012). The potential quantities and grades referred to above are conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. These figures are based on the interpreted continuity of mineralisation and projection into unexplored ground often around historical workings. The Exploration Target has been prepared in accordance with the JORC Code (2012).
The Company is focussed on developing a program that aims to grow the Exploration Target, whilst systematically testing an evolving pipeline of high priority, drill ready, conceptual shallow and deeper targets, including: Fosterville-style (epizonal), anticline related gold targets; Bendigo-style saddle-reef targets; Costerfield-style faults and shears; and intrusive-igneous targets such as the gold-bearing Missing Link Granite, on theme with high-value Victorian examples of intrusion hosted gold deposits such as A1 and Morning Star in the Walhalla – Woods Point gold province, and developing projects such as Southern Cross Gold’s, Sunday Creek Project, 60 km north of Melbourne.4
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3 Refer to the Company’s ASX announcement dated 25 September 2024 – Belltopper Mineralisation Modelling Defines Prospectivity
4 No assurance can be given that Novo will achieve similar results at Belltopper.
Authorised for release by the Board of Directors.
CONTACT
| Investors: Mike Spreadborough +61 8 6400 6100 info@novoresources.com | North American Queries: Leo Karabelas +1 416 543 3120 leo@novoresources.com | Media: Cameron Gilenko +61 466 984 953 cameron.gilenko@sodali.com |
QP STATEMENT
Dr Christopher Doyle (MAIG) and Dr Simon Dominy (FAusIMM CPGeo; FAIG RPGeo), are the qualified persons, as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for, and having reviewed and approved, the technical information contained in this news release. Dr Doyle is Novo’s Exploration Manager - Victoria and Dr Dominy is a Technical Advisor to Novo.
JORC COMPLIANCE STATEMENT
The information in this announcement that relates to the previously reported exploration target at Belltopper is extracted from Novo’s ASX announcement titled Belltopper Mineralisation Modelling Defines Prospectivity released to ASX on 25 September 2024, which is available to view at www.asx.com.au. The Company confirms that it is not aware of any new information that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed.
The information in this announcement that relates to the Belltopper exploration results and Exploration Target is based on information compiled by Dr Christopher Doyle, a Competent Person who is a Member of the Australasian Institute of Geoscientists (MAIG). Dr Doyle is Exploration Manager – Victoria for Novo and is a full-time employee of Novo. Dr Doyle has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Doyle consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
The information in this announcement that relates to the Belltopper Exploration Target is based on information compiled by Dr Simon Dominy, a Competent Person who is a Fellow of both the Australasian Institute of Geoscientists (FAIG RPGeo) and Australasian Institute of Mining and Metallurgy (FAusIMM CPGeo). Dr Dominy is a Technical Advisor contracted to Novo. Dr Dominy has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Dominy consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
FORWARD-LOOKING STATEMENTS
Some statements in this news release may contain “forward-looking statements” within the meaning of Canadian and Australian securities law and regulations. In this news release, such statements include but are not limited to planned exploration activities and the timing of such. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the resource industry and the risk factors identified in Novo’s annual information form for the year ended December 31, 2023 (which is available under Novo’s profile on SEDAR+ at www.sedarplus.ca and at www.asx.com.au in the Company’s prospectus dated 2 August 2023 which is available at www.asx.com.au. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements
ABOUT NOVO
Novo is an Australian based gold explorer listed on the ASX and the TSX focused on discovering standalone gold projects with > 1 Moz development potential. Novo is an innovative gold explorer with a significant land package covering approximately 6,700 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia.
Novo’s key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration expenditure of A
Novo has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals.
Novo has a significant investment portfolio and a disciplined program in place to identify value accretive opportunities that will build further value for shareholders.
Please refer to Novo’s website for further information including the latest Corporate Presentation.
| Refer to De Grey ASX Announcement, Hemi Gold Project Resource Update, dated 21 November 2023. No assurance can be given that a similar {or any) commercially mineable deposit will be determined at Novo’s Becher project. |
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/361e9e42-63e7-438c-b742-cc13fcfa698e
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9159999-7be3-484c-8322-94a0bfaf20e5
FAQ
What is the latest update on Novo Resources' Belltopper Gold Project?
Where is the Belltopper Gold Project located?
What are the recent drilling results for the Belltopper Gold Project?
What is the Exploration Target for the Belltopper Gold Project?
What further steps are planned for the Belltopper Gold Project?
