Drilling Commences at High-Grade Gold Catia Prospect at Bellary Dome

Rhea-AI Summary

Novo Resources Corp. has initiated a 3,000 m reverse circulation drilling program at the Catia Prospect, part of its Bellary Dome Project in Western Australia. The project covers a significant 10,500 sq km area, with high-grade gold mineralization indicated by previous rock chip samples showing peak results of 556 ppm and 117 ppm gold. The drilling aims to explore the strike potential of the Catia Trend for 700 m east of the main target. Novo plans to release drilling results as they come in, with this program being the first of several planned for the exploration season.

Positive

• Commencement of a 3,000 m drilling program at the Catia Prospect.
• Previous rock chip samples indicate high-grade gold with peak results of 556 ppm and 117 ppm.
• Exploration targets identified during prior field work enhance potential for gold discovery.
• The Bellary Dome Project is a priority area within a large landholding of 10,500 sq km.

Negative

• None.

HIGHLIGHTS

• The Bellary Dome Project is one of Novo’s priority areas across its significant 10,500 sq km landholding in the Pilbara region of Western Australia.
• A 3,000 m reverse circulation drill program has commenced at the Catia Prospect, part of the Bellary Dome Project.
• Highly prospective gold mineralisation at Catia is structurally controlled and quartz vein related.
• High-grade gold results returned from rock chip sampling in 2021 include peak results of 556 ppm gold and 117 ppm gold.
• Step-out drilling will test the strike potential of the Catia Trend for 700 m along strike, under cover to the east of the Catia Prospect main target.
  

Results referred to in this news release are not necessarily representative of mineralisation throughout the Bellary area.

Mike Spreadborough, Novo’s Executive Co-Chairman and Acting Chief Executive Officer, said, “The Bellary Dome Project is one of Novo’s priority areas across its significant 10,500 sq km landholding in the Pilbara. We are excited to get on the ground and start testing these highly prospective targets, that were identified during our previous field work program. We anticipate the programme will take four weeks, with results released as they are received. This is the first of several drilling programs Novo plans for its current season of exploration.”

Image 1 Reverse Circulation drilling at the Catia prospect at the Bellary Dome Project, March 2023

VANCOUVER, British Columbia, March 22, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce the commencement of a reverse circulation (“RC”) drill program focussed on the orogenic gold Catia Prospect (“Catia”) and the gold in conglomerate Edney’s Find Prospect (“Edney’s Find”) at the Bellary Dome Project (“Bellary”), South Pilbara, Western Australia.

Novo entered into an option agreement with Bellary Dome Pty Ltd in June 2020 to acquire the gold only rights on E47/3555. Bellary Dome Pty Ltd retains the rights to all other minerals and ownership of the tenement under the agreement¹.

Figure 1: Novo’s Pilbara tenure, showing the Bellary Dome Project in the South Pilbara

Bellary is one of Novo’s priority target areas across its significant 10,500 sq km landholding in the Pilbara (Figure 1). Bellary is an area of structural uplift along the southern margin of the Pilbara Craton where both historic and more recent explorers have identified significant gold targets. Field work carried out by Novo, combined with historical exploration reviews completed in 2020/2021, highlighted several gold targets, with Catia and Edney’s Find prioritised for drilling.

Catia is a structurally complex area, comprising sulphidic quartz veins hosted in highly foliated basalt and sedimentary rocks, and hosting a network of shallow and steep dipping gold-rich quartz veins within a regional west-northwest trending shear zone. Rock chips from reconnaissance mapping and sampling by Novo returned significant anomalous gold values, with peak results of 556 ppm Au and 117 ppm Au (Figure 2). Broad (km) scale carbonate, silica and sulphide alteration has also been identified across all stratigraphic units at Bellary.

Soil sampling completed in 2021 by Novo highlighted a coherent bullseye Au-Ag-Pb-Sb anomaly in the immediate vicinity of the Catia vein system, and identified a significant soil anomaly 700m further east-southeast from the prospect along what is interpreted a continuation of the Catia Shear (Figure 3).

R00471 - quartz vein with malachite - 556 ppm Au	R00468 - gossanous quartz vein - 117 ppm Au

Figure 2: Examples of high-grade gold mineralised quartz veins from surface mapping at Catia

The 3000m RC drill program at Catia is designed to test both mineralised vein outcrop/subcrop and also drill along strike on the Catia Trend under cover to the east-southeast, where transported colluvium may be masking the true extent of gold system (Figure 3). Drilling will vary from 40 m spaced sectional traverses to 160 m.

Figure 3: The Bellary Dome Project showing gold prospects and the Catia Shear

Edney’s Find (Figure 3) is a conglomerate-hosted gold occurrence that has been explored since the 1970s by multiple companies. The area has remnants of significant historical and recent prospector activity including dry-blowing spoils, historic pits and a small shaft. Previous work includes mapping, surface sampling, trenching, and drilling. The area is dominated by Bellary Formation sediments comprising arkosic sandstone, quartzite, shale, and conglomerate, shallowly overlying basement rocks. The conglomerate is clast supported with clast size varying from pebble to cobble size and zones of the conglomerate show disseminated buckshot pyrite, up to 10mm in diameter. A peak gold value from a trench rock chip sample by Novo in 2020 returned 36.4 ppm Au. Several short holes are planned in order to test the gold endowment of the conglomerate.

Refer to Table 1 Rock Chip Assay Results and Table 2 Soil Sample Assay Results (Appendix 1).

ANALYTIC METHODOLOGY

All surface samples were sent to Intertek Genalysis, Perth (“Intertek”), for analyses. Soil samples were collected in 2021 as 150g samples, sieved to -80 mesh (0.177 mm) and analysed for gold and multi elements via AR25/MS. Rock chips were analysed for gold via 50 g Fire Assay with OE finish (FA50/OE) and for multi elements via Multi Acid Digest with MS finish (4A/MS). Blanks and standards were inserted in the sample sequence to ensure data quality and control, and field duplicates of soil samples were conducted at the rate of four per 100 samples.

Four metre composite and single metre split samples from the current drill program will be sent to Intertek for analyses of gold via 50 g Fire Assay with OE finish (FA50/OE). Multi-element data will be collected via pXRF analysis of sieved 1 m sample powders with significant multielement anomalies assayed at a future date.

There were no limitations to the verification process and all relevant data was verified by a qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by reviewing analytical procedures undertaken by Intertek.

QP STATEMENT

Mr. Iain Groves (MAIG), is the qualified person, as defined under NI 43-101, responsible for, and having reviewed and approved, the technical information contained in this news release. Mr. Groves is Novo’s Exploration Manger – West Pilbara.

ABOUT NOVO

Novo explores and develops its prospective land package covering approximately 10,500 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. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.

On Behalf of the Board of Directors,

Novo Resources Corp.

“Michael Spreadborough”

Michael Spreadborough
Executive Co-Chairman and Acting CEO

Forward-looking information

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the proposed RC drill program at the Bellary Dome Project. 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 management’s discussion and analysis for the nine-month period ended September 30, 2022, which is available under Novo’s profile on SEDAR at www.sedar.com. 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.

APPENDIX 1

Table 1 - Rock chip assay results for sampling by Novo in 2020 and 2021. Samples were analysed by FA50/OE. Co-ordinates are GDA94/Zone 50

SAMPLE NO	EASTING	NORTHING	PROSPECT	AU PPM
R00471	563448	7439234	Catia	556.053
R00468	563470	7439212	Catia	116.721
R00302	563444	7439213	Catia	41.246
R00301	563442	7439215	Catia	28.097
R00472	563442	7439238	Catia	3.844
R00462	563529	7439173	Catia	3.65
R00303	563501	7439251	Catia	2.061
R00465	563484	7439201	Catia	1.108
R00463	563487	7439193	Catia	1.021
R00477	563496	7439235	Catia	1.017
R00470	563447	7439231	Catia	0.822
R00469	563514	7439253	Catia	0.457
R00473	563455	7439228	Catia	0.335
R00467	563474	7439209	Catia	0.334
R00460	563521	7439170	Catia	0.212
R00457	563585	7439135	Catia	0.207
R00475	563484	7439264	Catia	0.134
R00464	563515	7439177	Catia	0.116
R06550	563539	7439279	Catia	0.107
R00461	563525	7439174	Catia	0.104
R06552	563500	7439255	Catia	0.097
R00459	563522	7439169	Catia	0.079
R00476	563481	7439262	Catia	0.031
R00466	563454	7439207	Catia	0.03
R00458	563522	7439167	Catia	0.028
R00478	563335	7439280	Catia	0.024
R06713	563607	7439240	Catia	0.022
R06554	563474	7439242	Catia	0.011
R00452	563539	7439177	Catia	0.009
R06555	563474	7439232	Catia	0.008
R00456	563571	7439158	Catia	0.007
R00453	563540	7439160	Catia	0.006
R06553	563492	7439245	Catia	-0.0025
R06551	563508	7439260	Catia	-0.0025
R00455	563541	7439158	Catia	-0.0025
R00306	566351	7437878	Edney's	36.365
R00305	566360	7437868	Edney's	2.745
R00311	566235	7437983	Edney's	0.77
R00309	566321	7437847	Edney's	0.06
R00308	566316	7437850	Edney's	0.04
R00310	566260	7437911	Edney's	0.023

Table 2 – Soil sample assay results for sampling by Novo in 2021. Samples were analysed by AR25/MS. Co-ordinates are GDA94/Zone 50

SAMPLE NO	EASTING	NORTHING	AU PPB	AG PPB	PB PPM	SB PPM
H0081	563377	7439169	-0.5	-25	14.7	1.24
H0082	563387	7439187	4	70	16.5	2.05
H0083	563396	7439204	4	70	17.3	1.88
H0084	563406	7439221	6	130	18.7	2.64
H0085	563418	7439239	14	150	36.1	6.18
H0086	563427	7439256	5	80	41.3	5.51
H0087	563437	7439273	4	60	23.5	3.92
H0088	563447	7439290	28	90	17	2.67
H0089	563457	7439308	3	130	15.2	2.18
H0091	563468	7439325	2	-25	16.1	2.24
H0092	563476	7439336	9	110	15.2	2.36
H0093	563488	7439359	12	130	21.4	1.22
H0094	563523	7439340	22	90	17.1	2.18
H0095	563514	7439322	44	180	135.9	19.89
H0096	563502	7439305	94	70	148.4	27.75
H0097	563492	7439287	40	110	127.6	19.85
H0098	563482	7439271	32	160	120.8	18.04
H0099	563472	7439253	38	210	284.6	36.35
H0100	563463	7439236	333	450	692.8	62.34
H1264	563451	7439219	93	370	357.3	29.41
H1266	563442	7439202	4	110	46.5	4.58
H1267	563431	7439184	1	80	20.6	2.22
H1268	563422	7439167	5	110	15.9	1.76
H1269	563412	7439150	3	90	18.3	1.86
H1270	563608	7439404	2	90	14	1.17
H1271	563592	7439384	3	110	18.2	1.32
H1272	563588	7439370	3	110	18.9	1.34
H1273	563578	7439353	-0.5	-25	15	1.36
H1274	563566	7439336	-0.5	-25	16.9	2.12
H1275	563556	7439319	47	120	87.3	14.65
H1277	563547	7439302	40	120	100.3	15.73
H1278	563537	7439283	34	100	87.7	14.89
H1279	563525	7439267	23	90	57.2	11.31
H1280	563515	7439250	22	140	43.3	8.59
H1281	563505	7439233	11	120	38.2	10.75
H1282	563497	7439215	58	150	66.7	12.64
H1283	563486	7439198	61	200	172.2	18.26
H1284	563475	7439180	5	100	23.7	2.79
H1285	563465	7439163	3	100	16.5	1.88
H1286	563455	7439146	2	50	16.1	1.7
H1287	563445	7439129	2	-25	14.5	1.49
H1288	563436	7439111	-0.5	-25	17.4	1.52
H1289	563424	7439094	-0.5	-25	18.3	1.37
H1291	563414	7439077	-0.5	-25	21.9	1.49
H1292	563405	7439060	-0.5	-25	19	1.39
H1293	563395	7439043	-0.5	370	19	1.27
H1294	563385	7439026	-0.5	-25	16.3	1.31
H1295	563373	7439008	-0.5	-25	16.7	1.3
H1296	563515	7439088	1	80	18.1	1.44
H1297	563524	7439105	4	90	18.4	1.42
H1298	563535	7439122	-0.5	80	17.9	1.72
H1299	563545	7439140	5	90	26.6	3.33
H1301	563554	7439157	19	80	25.1	3.81
H1302	563565	7439174	66	130	32.6	5.57
H1303	563575	7439191	17	90	25.5	5.58
H1304	563585	7439209	22	140	18.5	5.87
H1305	563596	7439226	14	80	16.5	5.12
H1306	563605	7439244	27	130	26.4	5.89
H1307	563622	7439262	18	130	18.7	2.39
H1308	563626	7439278	7	80	17.1	1.63
H1309	563236	7439090	4	70	18.1	1.29
H1310	563246	7439107	3	80	19.9	1.15
H1311	563256	7439124	2	70	20.8	1.28
H1312	563267	7439141	2	70	21.9	1.32
H1313	563276	7439159	1	80	25.1	1.35
H1314	563287	7439176	2	80	19.3	1.42
H1316	563297	7439194	2	70	15.5	1.44
H1317	563307	7439211	2	70	14.5	1.52
H1318	563317	7439228	3	70	14.5	1.51
H1319	563327	7439245	3	70	15.6	1.95
H1320	563339	7439262	3	70	14.7	1.81
H1321	563348	7439279	3	80	16.5	1.87
H1322	563358	7439296	2	50	15.9	1.97
H1323	563368	7439314	2	-25	14.7	2.39
H1324	563377	7439330	2	-25	14.3	1.96
H1325	563385	7439346	5	-25	16.8	2.08
H1326	563399	7439365	4	70	16.3	1.49
H1327	563408	7439382	3	470	17.8	1.19
H1328	563418	7439400	2	60	23.5	1.22
H1329	563430	7439417	2	-25	23.1	1.19
H1331	563439	7439434	2	70	14	1.25
H1332	563449	7439452	2	60	12	1.08
H1333	563461	7439469	2	70	10.7	1.26
H1334	563470	7439486	3	60	10.2	1.14
H1335	563349	7439441	4	100	11.7	2.29
H1336	563340	7439423	3	70	23.1	1.53
H1337	563330	7439406	6	80	22.7	1.63
H1338	563320	7439389	4	60	18.3	1.54
H1339	563310	7439371	4	-25	14.9	1.74
H1341	563299	7439355	4	50	14.7	1.83
H1342	563289	7439338	3	60	15	1.8
H1343	563280	7439320	4	80	14.1	1.84
H1344	563270	7439303	2	60	15	1.97
H1345	563259	7439286	3	70	14.2	1.9
H1346	563249	7439268	3	60	12.2	1.32
H1347	563239	7439251	3	50	13.1	1.47
H1348	563098	7439171	2	50	13.7	1.14
H1349	563108	7439189	2	60	13.9	1.07
H1350	563118	7439206	3	70	13.9	1.08
H1351	563124	7439224	3	80	14.8	1.2
H1352	563149	7439239	3	110	16.1	1.33
H1353	563150	7439257	15	-25	13.4	1.21
H1354	563159	7439274	3	80	14.3	1.48
H1356	563169	7439292	17	150	12.8	1.54
H1357	563178	7439309	2	70	13.8	1.54
H1358	563190	7439326	2	60	14	1.6
H1359	563199	7439343	4	100	14.4	1.7
H1360	563210	7439360	2	110	15.9	1.86
H1361	563220	7439378	3	140	16.6	1.21
H1362	563230	7439395	3	110	19.3	1.44
H1363	563240	7439412	3	90	22.8	1.31
H1364	563251	7439429	5	80	23.2	0.98
H1366	563260	7439447	3	110	30.8	1.15
H1367	563270	7439465	-0.5	60	24.6	1.09
H1368	563281	7439481	3	50	12.9	1.11
H1369	563291	7439499	1	50	10.8	1.06
H1370	563301	7439515	-0.5	50	10.5	0.92
H1371	563311	7439532	2	90	10.1	1.19
H1372	563322	7439550	2	80	9.6	1.08
H1373	563327	7439569	2	60	8.9	1.05
H1374	563214	7439522	1	50	16.5	1
H1375	563201	7439505	1	50	18.7	1.11
H1376	563192	7439487	7	110	18.5	0.91
H1377	563183	7439470	3	-25	16.1	1.08
H1378	563172	7439453	1	-25	14.4	1.03
H1379	563162	7439436	1	-25	18	1.12
H1381	563151	7439417	6	120	18.7	1.12
H1382	563136	7439402	-0.5	-25	14.1	1.04
H1383	563131	7439384	4	170	16.2	1.19
H1384	563121	7439367	6	70	13.9	1.3
H1385	563111	7439350	5	110	12.4	1.16
H1386	563097	7439328	4	100	13.4	0.99
H1387	563090	7439315	3	70	15.9	0.97
H1388	563081	7439298	2	70	15.6	1.11
H1389	563069	7439280	2	60	15	1.24
H1391	563059	7439263	2	90	18.4	1.39
H1392	563050	7439246	3	110	19.7	1.27
H1393	563040	7439229	4	110	19.7	1.23
H1394	563511	7438927	-0.5	-25	14.8	2.23
H1395	563521	7438944	2	-25	15.8	2.21
H1396	563532	7438961	2	-25	14.9	2.26
H1397	563542	7438979	-0.5	-25	14.6	1.81
H1398	563552	7438996	-0.5	-25	15.3	1.77
H1399	563561	7439013	1	-25	15.5	1.7
H1400	563572	7439030	3	80	18.6	1.83
H1401	563583	7439048	2	-25	14.2	1.77
H1402	563593	7439064	6	-25	16.6	2.15
H1403	563603	7439082	8	-25	15.2	2.03
H1404	563614	7439099	3	-25	16.7	2.32
H1406	563623	7439116	24	-25	20.7	3.18
H1407	563633	7439134	11	-25	21.8	3.25
H1408	563644	7439151	16	100	26.8	4.39
H1409	563654	7439168	12	110	24.1	3.44
H1410	563669	7439190	7	110	16.1	1.64
H1411	563674	7439202	1	80	13.7	1.38
H1412	563685	7439219	2	70	12.2	1.14
H1413	563694	7439237	2	-25	12.6	1.21
H1414	563703	7439254	7	130	22.2	1.65
H1415	563716	7439271	2	60	14.4	1.43
H1417	563725	7439289	-0.5	-25	12.6	1.08
H1418	563736	7439306	3	-25	12.5	0.9
H1419	563748	7439321	6	50	12.4	0.87
H1420	563883	7439241	1	-25	17	1.06
H1421	563873	7439224	6	-25	19	1.3
H1422	563864	7439207	2	50	15	0.99
H1423	563853	7439190	-0.5	50	14.9	1.12
H1424	563842	7439172	2	60	15.8	1.22
H1425	563832	7439155	1	50	18	1.19
H1426	563821	7439138	1	80	18.8	1.25
H1427	563811	7439121	2	60	23.7	1.24
H1428	563801	7439104	1	70	18.4	1.26
H1429	563792	7439087	3	60	20	1.27
H1431	563780	7439069	2	-25	13.7	0.91
H1432	563771	7439052	2	50	15.4	1.04
H1433	563760	7439035	2	-25	13.9	1.04
H1434	563751	7439018	2	-25	12.3	1.17
H1435	563741	7439000	-0.5	-25	12	1.1
H1436	563730	7438983	3	-25	11.8	1.02
H1437	563720	7438966	4	-25	11.6	0.94
H1438	563710	7438949	2	-25	11.6	0.88
H1439	563700	7438931	4	130	15.6	1.19
H1441	563690	7438915	4	-25	16.7	1.23
H1442	563679	7438897	3	-25	13.9	1.08
H1443	563669	7438880	5	80	13.2	1.12
H1444	563659	7438862	2	70	13.6	1.19
H1445	563649	7438846	4	100	13.1	1.21
H1446	563787	7438764	-0.5	-25	11.9	1.08
H1447	563797	7438781	-0.5	-25	11.6	1.15
H1448	563808	7438800	1	60	12.1	1.19
H1449	563817	7438816	-0.5	-25	13.4	1.16
H1450	563842	7438850	1	-25	11.5	1.13
H1451	563848	7438867	-0.5	60	13.3	1.15
H1452	563858	7438885	2	-25	12.6	1.09
H1453	563868	7438902	1	-25	13.6	1.16
H1454	563877	7438919	2	60	11.8	1.13
H1456	563885	7438940	2	-25	13.3	1.12
H1457	563903	7438952	-0.5	-25	12.7	1.07
H1458	563909	7438971	-0.5	-25	11.5	0.98
H1459	563919	7438989	1	-25	10.9	1.1
H1460	563928	7439005	1	70	10.6	1.13
H1461	563940	7439023	-0.5	70	11	1.09
H1462	563958	7439057	-0.5	60	12.6	1.11
H1463	563970	7439074	-0.5	-25	13.8	1.13
H1464	563980	7439092	1	-25	17.2	1.36
H1465	563990	7439108	2	-25	14.5	1.17
H1467	563998	7439129	-0.5	60	15.1	1.33
H1468	564017	7439142	2	60	12.5	1.33
H1469	564021	7439161	3	70	13.3	1.34
H1470	564097	7438975	1	-25	9.1	0.89
H1471	564111	7439153	2	80	9.8	0.83
H1472	564102	7439136	1	-25	10.4	0.86
H1473	564090	7439118	1	-25	10.4	0.83
H1474	564080	7439102	2	-25	11	0.84
H1475	564070	7439085	2	-25	10.9	0.89
H1476	564060	7439068	1	60	11	0.98
H1477	564049	7439050	1	70	10.8	1.04
H1478	564038	7439033	3	70	11.1	0.95
H1479	564029	7439015	1	70	10.2	1.07
H1484	563194	7439649	2	90	12.6	0.9
H1485	563184	7439631	3	80	14.9	1.07
H1486	563175	7439614	6	50	11.7	1.32
H1487	563164	7439597	2	70	22.7	1.7
H1488	563153	7439580	1	60	31.4	1.53
H1489	563144	7439562	3	120	46.4	1.82
H1491	563134	7439545	2	90	36.2	1.45
H1492	563122	7439528	3	110	35.4	1.55
H1493	563113	7439511	3	90	31	1.44
H1494	563102	7439494	2	70	26	1.32
H1495	563092	7439477	1	90	28.4	1.28
H1496	563082	7439459	2	80	31.1	1.19
H1497	563066	7439441	2	70	29	1.11
H1498	563061	7439424	-0.5	-25	23.3	1.09
H1499	563056	7439405	1	-25	13.2	0.8
H1500	563042	7439391	3	-25	11.5	0.78
H1501	563032	7439374	-0.5	120	9.8	0.63
H1502	563021	7439356	1	50	39.4	1.41
H1503	563011	7439338	3	50	26.6	1.15
H1504	563002	7439321	-0.5	70	15.9	1.09
H1506	562992	7439304	2	-25	21.6	1.21
H1507	562981	7439287	5	70	31.7	1.66
H1508	562970	7439270	2	70	10.4	1.69
H1509	562960	7439252	20	60	8.4	1.7
H1510	562933	7439363	1	90	11.4	1.61
H1511	562942	7439380	-0.5	-25	10.9	1.48
H1512	562952	7439397	2	-25	12.1	1.92
H1513	562964	7439415	2	-25	12.6	1.95
H1514	562974	7439432	3	60	10.4	1.37
H1516	562983	7439449	2	70	11.1	1.45
H1517	563057	7439335	4	-25	11.5	1.63
H1518	563047	7439318	19	-25	9.3	1.79
H1519	563038	7439302	6	-25	11.2	1.27
H1520	563027	7439284	2	-25	9.8	1.06
H1521	563017	7439267	5	-25	12.7	1.32
H1522	564317	7439031	-0.5	-25	12.9	1.16
H1523	564307	7439013	3	60	12.2	1.14
H1524	564298	7438996	1	80	11.6	1.23
H1525	564287	7438979	2	100	12.5	1.22
H1526	564276	7438962	2	-25	11.5	1.25
H1527	564266	7438945	4	-25	12.2	1.45
H1528	564184	7438971	3	-25	11.3	1.25
H1529	564194	7438990	-0.5	-25	11.6	1.26
H1531	564207	7439003	1	80	10.9	1.16
H1532	564222	7439017	1	-25	12.8	1.29
H1533	564227	7439037	1	70	12.2	1.24
H1534	564237	7439054	10	50	13.1	1.31
H1535	564247	7439072	2	-25	11.2	1.37
H1536	564181	7439112	2	-25	15.2	1.42
H1537	564169	7439095	1	50	13.6	1.29
H1538	564160	7439079	2	-25	13.5	1.22
H1539	564149	7439061	3	80	14	1.23
H1541	564138	7439044	3	60	12.1	1.17
H1542	564128	7439026	6	100	13.8	2.5
H1543	564119	7439009	17	70	20.4	3.26
H1544	564107	7438992	134	90	71.5	6.76

^{__________________________________________}

¹ Refer to the Company’s news release dated June 12, 2020.

Figures accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/875eb231-d56c-4845-8fab-c329d23b6589

https://www.globenewswire.com/NewsRoom/AttachmentNg/05400339-331d-44b9-a001-5451e405cdfb

https://www.globenewswire.com/NewsRoom/AttachmentNg/291c3113-e247-490c-827e-6a64f92e7259

https://www.globenewswire.com/NewsRoom/AttachmentNg/7206c2f9-265b-4c61-a2b1-dc428bf372bd

https://www.globenewswire.com/NewsRoom/AttachmentNg/73598e33-d5ec-4737-8997-317e37625db1

FAQ

What is the focus of Novo Resources Corp.'s recent drilling program?

The recent drilling program focuses on the Catia Prospect at the Bellary Dome Project, targeting gold mineralization.

What were the peak gold results from the rock chip sampling at Catia?

The peak gold results from rock chip sampling at Catia were 556 ppm and 117 ppm.

How long will the drilling program at the Catia Prospect last?

The drilling program at the Catia Prospect is expected to take four weeks.

What is the significance of the Bellary Dome Project for Novo Resources Corp.?

The Bellary Dome Project is one of Novo's priority areas for exploration, covering a large area of 10,500 sq km.

What are the next steps after the drilling program at the Catia Prospect?

Results from the drilling program will be released as they are received, with several additional drilling programs planned for the season.