Significant Results from Becher with Target Priority Areas Identified

Rhea-AI Summary

Novo Resources Corp. has announced an update on its 2022 drilling program at the Egina Gold Camp, specifically the Becher Area, anticipating further drilling in Q2 2023. Significant findings include three key targets: Irvine, Whillans, and Heckmair, with peak aircore drilling results showing up to 8 m at 2.15 g/t Au at Irvine. The program covered 1,413 holes totaling 31,824 m, revealing gold and associated pathfinder elements. The follow-up drilling will focus on these areas while additional results are pending. Executive Mike Spreadborough expressed optimism about the findings and potential of the Egina Gold Camp.

Positive

• Drilling program successfully defined three gold targets at Irvine, Heckmair, and Whillans.
• Peak aircore results include 8 m @ 2.15 g/t Au from Irvine.
• Plans for a 20,000 m follow-up drilling program commencing in Q1 2023.

Negative

• Pending results for 40% of Reverse Circulation samples may delay full assessment.
• The scale of mineralization at the Becher Area remains uncertain relative to De Grey's Mallina Gold Project.

HIGHLIGHTS

• The Becher Area target is located in the northern section of the Egina Gold Camp along trend from De Grey Mining Limited’s 10.6 Moz Au (JORC 2012)¹ Mallina Gold Project.
• Aircore drilling completed in 2022 on broad regional lines (640 m) focused on ENE trending gold-fertile structural corridors and has successfully defined three standout gold and associated pathfinder element targets at Irvine, Heckmair and Whillans.
• Targets are all located within an approximately 20 sq km area at Becher where only shallow cover of 10 - 20 m is present. Novo expects to commence follow-up drilling of these targets in Q2 2023.
• Peak aircore drilling results, including recently received 1 m split results (0.1 g/t Au lower cut-off), include²:
  • Irvine:
    • 8 m @ 2.15 g/t Au from 8 m (F0632)
      
    • 23 m @ 0.56 g/t Au from 0 m (A0034)
    • 2 m @ 0.91 g/t Au from 66 m (A003)
  •  Whillans:
    • 8 m @ 0.20 g/t Au from 16 m (F0519)
      
    • 4 m @ 0.37 g/t Au from 20 m (F1136)
  •  Heckmair:
    • 4 m @ 0.40 g/t Au from 12 m (F0738)
    • 3 m @ 0.44 g/t Au from 20 m (F0858)

• Reverse circulation drilling completed on 160 m lines, which centred on positive early-stage aircore results at Irvine and in conjunction with historical exploration, provided peak intercepts of²:
  • 33 m @ 0.493 g/t Au from 33 m (G0005) including 5 m @ 1.28 g/t Au
  • 20 m @ 0.406 g/t Au from 32 m (G0016)
  • 24 m @ 0.390 g/t Au from 76 m (G0018)

• Highly anomalous base metal results returned adjacent to the main gold target at Heckmair, where a large mafic-ultramafic intrusion is juxtaposed by several significant faults. The peak result is 4 m @ 3.4 g/t Ag, 0.49% Pb and 0.1% Zn from 20 m (F0749).
• Recognised pathfinder elements As and Sb proving effective for targeting/defining mineralised structures.
• 20,000 m follow-up and extensional aircore drill program to commence in Q1 2023, with a primary focus on testing the Irvine, Heckmair, Bonatti and Lowe prospects, with RC contingency as required.
  

Note: Mallina Gold Project mineralisation is not necessarily representative of mineralisation throughout the Becher Area or the Egina Gold Camp.

_______________________________________________________________________________________________________________________

Mike Spreadborough, Novo’s Executive Co-Chairman, Acting Chief Executive Officer and a director, said, “We are very pleased with the progress we have made on the drilling program so far and are looking forward to further results from follow-up drilling in the first half of 2023, when drilling is also expected to commence at the Nunyerry North prospect.

“The success of the current drilling program in the Becher Area, combined with previously reported results from Nunyerry North, reconfirm the significant potential of the Egina Gold Camp.”

_________________________
_{¹ De Grey has reported that its Hemi deposit at the Mallina Gold Project is comprised of Measured Mineral Resources of 4.7 Mt @ 1.7 g/t Au for 265 koz Au, Indicated Mineral Resources of 153.4 Mt @ 1.3 g/t Au for 6,590 koz Au, and Inferred Mineral Resources of 92.6 Mt @ 1.3 g/t Au for 3,779 koz Au, as those categories are defined in the JORC Code (as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects). Refer to De Grey’s public disclosure record for further details.
² Refer to the Company’s news releases dated October 27, 2022 and November 30, 2022.}

https://www.globenewswire.com/NewsRoom/AttachmentNg/30f7bc81-7605-4103-bca4-aab0be939741
Reverse Circulation drill rig at the Becher Area

VANCOUVER, British Columbia, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on the successful 2022 drilling program at the Company’s flagship Egina Gold Camp, located within Novo’s 10,500 sq km Pilbara exploration portfolio (Figures 1 and 2).

Results referred to in this news release are not necessarily representative of mineralisation throughout the Egina Gold Camp.

OVERVIEW OF BECHER AREA

The Becher Area (northern E47/3673, 100%-owned by Novo) (Figure 2) is located ~28 km to the west-southwest of De Grey Mining Limited’s ("De Grey”) Mallina Gold Project along an interpreted gold-fertile corridor and contains multiple high-priority, orogenic gold targets under shallow cover (Figure 3).

Mineralisation present at De Grey’s Mallina Gold Project is not necessarily representative of mineralisation throughout the Becher Area or the Egina Gold Camp.

https://www.globenewswire.com/NewsRoom/AttachmentNg/43c05381-37a6-421d-a541-43e1be1fbac6
Figure 1: Novo’s Pilbara tenure, showing location of > 80 km strike extent Egina Gold Camp

https://www.globenewswire.com/NewsRoom/AttachmentNg/b583471a-7e21-4379-b587-e58444c06a93
Figure 2: Location of Becher in the northern section of the Egina Gold Camp

https://www.globenewswire.com/NewsRoom/AttachmentNg/4de67317-a3fe-43b6-b2dd-529765aa01f3
Figure 3: Becher target area showing the position of the De Grey Hemi gold discovery to the east-northeast of the Becher Area along the interpreted fertile corridor

RESULTS FROM 2022 DRILLING PROGRAM

Systematic broad spaced aircore (“AC”) drilling completed in 2022 within the Becher Area totalled 1,413 holes for 31,824 m across five main targets (the Irvine Shear, Whillans Shear, the Heckmair Fault and Intrusion, Lowe and Bonatti) (Figure 4). These targets were defined by detailed mapping, ground gravity and aeromagnetic surveys in 2022, in an area with minimal outcrop and sandy and calcrete cover sequences. The target style of mineralisation includes both structurally controlled orogenic gold and “sanukitoid” intrusion-hosted gold similar to the Hemi gold deposit.

Drilling of 29 sections at 640 m spaced section lines was conducted, with occasional 320 m infill lines. AC results have been returned for approximately three quarters of the 4 m composite samples assayed for Au. Approximately 60% of 1 m split samples from AC, including gold and multielement assays, are still pending.

https://www.globenewswire.com/NewsRoom/AttachmentNg/ec8bcdea-1f64-4522-8f02-fd550a4e99f3
Figure 4: Becher targets defined by AC drilling, drilling completed to date and priority follow up AC overlain on SRTM image

Peak AC results for gold (Figure 4), including recently received 1 m split results (0.1 g/t Au lower cut-off), include²:

• Irvine:
  • 8 m @ 2.15 g/t Au from 8 m (F0632)
  • 23 m @ 0.56 g/t Au from 0 m (A0034)
  • 15 m @ 0.15 g/t Au from 12 m (A0029)
  • 2 m @ 0.40 g/t Au from 3 m (F0123)
  • 2 m @ 0.91 g/t Au from 66 m (A0003)
• Whillans:
  • 8 m @ 0.20 g/t Au from 16 m (F0519)
  • 4 m @ 0.37 g/t Au from 20 m (F1136)
• Heckmair:
  • 4 m @ 0.4 g/t Au from 12 m (F0738)
  • 3 m @ 0.44 g/t Au from 20 m (F0858)

Reverse circulation (“RC”) drilling completed in 2022 within the Becher Area totalled 3,541 m in 32 drill holes. Drilling was centred on positive early-stage results at the central Irvine prospect in conjunction with historical exploration. Lines were drilled at 160 m spacing initially, with the program approximately half completed due to the Christmas break and wet season. RC results have not been received to date for the last nine drill holes, with 244 samples pending (40% outstanding) and 253 one metre split samples pending. Peak RC intercepts to date include²:

• 33 m @ 0.493 g/t Au from 33 m (G0005) including 5 m @ 1.28 g/t Au
• 20 m @ 0.406 g/t Au from 32 m (G0016)
• 24 m @ 0.39 g/t Au from 76 m (G0018)
  

Highly anomalous base metal results have also been received adjacent to the main gold target at Heckmair, where a large mafic-ultramafic intrusion is juxtaposed by several significant faults. A peak result of 4 m @ 3.4 g/t Ag and 0.49% Pb and 0.1% Zn from 20 m (F0749) was achieved.

https://www.globenewswire.com/NewsRoom/AttachmentNg/31c7ad0f-b1be-4eb7-b450-d5e2cb7d8f47
Figure 5: Target map with best AC drill intercepts annotated >0.1 g/t Au in AC (red dots), targets derived from AC, Au and multielement assay (yellow), AC (black) and RC (green) drilling to date, aeromagnetic 1VD colour image and structural interpretation

Numerous other elements, including Li, Sn, As, Sb, P, Bi and Mo are being used to vector towards potential sanukitoid targets.

Refer to Appendix 1 below for a complete list of assay results. True widths from AC and RC drilling cannot be estimated at this time.

PLANNED 2023 DRILLING PROGRAM

The Irvine, Heckmair and Whillans targets are designated for immediate follow-up AC drilling in Q2 2023, with a contingency for RC follow up.

ANALYTIC METHODOLOGY

Four-metre composite samples of AC chips were sent to Intertek Genalysis (“Intertek”) in Perth, Western Australia with the entire sample smart crushed to -3mm (NVO02 prep code), with a 500 g split sample analysed for gold using Photon Assay (PHXR/AU01). An additional bottom hole sample from each drill hole (1 to 4 m composite representing rock from the bottom of the drill hole) was assayed using four acid digest and 50 g charge fire assay FA50/OE and for 48 multielement using four acid digest – MS finish (4A/MS) – results are pending. AC drill holes with anomalous gold or base metals have been split through a single tier riffle splitter and are assayed using four acid digest and 50 g charge fire assay FA50/OE and for 48 multielement using four acid digest – MS finish (4A/MS).

QAQC procedures for the latter half of the program include insertion of a certified blank approximately every 25 samples (4 per hundred), a certified standard approximately every 50 samples (2 per 100) and duplicate sampling (split of 4m composite) at the rate of 4 per hundred. Intertek inserts customized Chrysos certified standards at the rate of 2 per hundred.

RC holes after G0012 were sampled using spear sampling 4 m composites and 4 m composite samples were sent to Intertek with the entire sample smart crushed to -3 mm (NVOO2 prep code), with a 500 g split sample (1 jar photon assay) analysed for gold using photon assay (PHXR/AU01). QAQC for RC samples are inserted at the rate of 4 standards per 100, 4 blanks per 100 and 4 riffle split duplicates per 100, providing a total of 12% QAQC.

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 other than information concerning De Grey’s Mallina Gold Project. 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, including the Beatons Creek gold project, along with two joint ventures in the Bendigo region 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, that a 20,000 m follow-up and extensional AC program is drill ready, initially testing the Irvine, Heckmair, Bonatti and Lowe prospects, with RC contingency as required, and that drilling at the Nunyerry North prospect is expected to commence in the first half of 2023. 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: Becher Area - AC drilling location data for holes not previously released²

HOLE ID	COORDSYS	EASTING	NORTHING	RL	AZIMUTH	DIP	TYPE	DEPTH	LEASE
F1119	MGA94_50	629700.368	7686370.964	64.556	147	-60	AC	21	E47/3673
F1120	MGA94_50	629686.501	7686391.628	65.054	147	-60	AC	21	E47/3673
F1121	MGA94_50	629672.871	7686412.732	64.894	147	-60	AC	24	E47/3673
F1122	MGA94_50	619439.993	7685786.126	57.21	180	-60	AC	54	E47/3673
F1123	MGA94_50	619440.211	7685812.411	57.237	180	-60	AC	66	E47/3673
F1124	MGA94_50	619439.958	7685836.513	57.189	180	-60	AC	39	E47/3673
F1125	MGA94_50	619439.826	7685861.036	56.907	180	-60	AC	75	E47/3673
F1126	MGA94_50	619439.934	7685887.158	57.114	180	-60	AC	45	E47/3673
F1127	MGA94_50	619440.173	7685911.091	56.865	180	-60	AC	54	E47/3673
F1128	MGA94_50	619439.727	7685936.207	56.856	180	-60	AC	36	E47/3673
F1129	MGA94_50	619439.877	7685960.743	56.887	180	-60	AC	36	E47/3673
F1130	MGA94_50	619440.04	7685985.769	57.151	180	-60	AC	36	E47/3673
F1131	MGA94_50	619439.941	7686010.428	57.181	180	-60	AC	33	E47/3673
F1132	MGA94_50	619439.645	7686035.081	56.921	180	-60	AC	24	E47/3673
F1133	MGA94_50	619439.881	7686061.584	57.118	180	-60	AC	27	E47/3673
F1134	MGA94_50	619440.015	7686086.964	56.834	180	-60	AC	41	E47/3673
F1135	MGA94_50	619439.977	7686111.318	56.635	180	-60	AC	40	E47/3673
F1136	MGA94_50	619440.428	7686076.284	56.8	360	-60	AC	43	E47/3673
F1137	MGA94_50	619440.192	7686136.024	56.589	180	-60	AC	12	E47/3673
F1138	MGA94_50	619440.094	7686162.82	56.445	180	-60	AC	37	E47/3673
F1139	MGA94_50	619439.912	7686186.097	56.132	180	-60	AC	38	E47/3673
F1140	MGA94_50	619439.978	7686210.968	55.975	180	-60	AC	27	E47/3673
F1141	MGA94_50	619440.187	7686236.684	55.89	180	-60	AC	21	E47/3673
F1142	MGA94_50	619440.355	7686261.73	55.69	180	-60	AC	27	E47/3673
F1143	MGA94_50	619440.219	7686285.739	55.443	180	-60	AC	24	E47/3673
F1144	MGA94_50	619439.653	7686311.249	55.371	180	-60	AC	21	E47/3673
F1145	MGA94_50	619440.013	7686336.761	55.211	180	-60	AC	25	E47/3673
F1146	MGA94_50	619438.16	7686360.609	55.053	180	-60	AC	21	E47/3673
F1147	MGA94_50	619439.822	7686385.956	54.973	180	-60	AC	21	E47/3673
F1148	MGA94_50	619439.905	7686411.652	54.863	180	-60	AC	21	E47/3673
F1149	MGA94_50	619440.647	7686436.761	54.805	180	-60	AC	21	E47/3673
F1150	MGA94_50	619440.223	7686459.964	54.777	180	-60	AC	18	E47/3673
F1151	MGA94_50	619724.261	7679985.16	72.638	147	-60	AC	16	E47/3673
F1152	MGA94_50	619710.834	7680007.061	72.342	147	-60	AC	11	E47/3673
F1153	MGA94_50	619698.124	7680026.817	72.005	147	-60	AC	12	E47/3673
F1154	MGA94_50	619683.995	7680048.86	71.765	147	-60	AC	16	E47/3673
F1155	MGA94_50	619669.932	7680068.903	71.769	147	-60	AC	18	E47/3673
F1156	MGA94_50	619657.008	7680089.244	71.728	147	-60	AC	16	E47/3673
F1157	MGA94_50	619643.514	7680110.406	71.456	147	-60	AC	19	E47/3673
F1158	MGA94_50	619629.91	7680131.266	71.672	147	-60	AC	18	E47/3673
F1159	MGA94_50	619616.177	7680152.108	71.593	147	-60	AC	18	E47/3673
F1160	MGA94_50	619602.201	7680173.289	71.206	147	-60	AC	18	E47/3673
F1161	MGA94_50	619588.633	7680194.391	70.99	147	-60	AC	18	E47/3673
F1162	MGA94_50	619574.63	7680215.78	71.213	147	-60	AC	18	E47/3673
F1163	MGA94_50	619560.747	7680236.276	70.419	147	-60	AC	15	E47/3673
F1164	MGA94_50	619547.405	7680257.636	70.269	147	-60	AC	17	E47/3673
F1165	MGA94_50	619533.736	7680277.859	70.864	147	-60	AC	13	E47/3673
F1166	MGA94_50	619520.176	7680298.442	70.745	147	-60	AC	16	E47/3673
F1167	MGA94_50	619506.835	7680319.021	70.68	147	-60	AC	13	E47/3673
F1168	MGA94_50	619492.07	7680340.692	70.2	147	-60	AC	13	E47/3673
F1169	MGA94_50	619478.359	7680362.103	70.248	147	-60	AC	13	E47/3673
F1170	MGA94_50	619465.321	7680382.545	70.662	147	-60	AC	13	E47/3673
F1171	MGA94_50	619451.683	7680403.333	70.804	147	-60	AC	13	E47/3673
F1172	MGA94_50	619437.732	7680424.883	70.544	147	-60	AC	13	E47/3673
F1173	MGA94_50	619424.55	7680444.954	70.556	147	-60	AC	14	E47/3673
F1174	MGA94_50	619410.689	7680466.678	70.349	147	-60	AC	9	E47/3673
F1175	MGA94_50	619397.134	7680487.024	70.394	147	-60	AC	11	E47/3673
F1176	MGA94_50	619383.698	7680507.952	70.335	147	-60	AC	11	E47/3673
F1177	MGA94_50	619369.667	7680529.11	70.499	147	-60	AC	13	E47/3673
F1178	MGA94_50	619355.705	7680550.118	70.617	147	-60	AC	14	E47/3673
F1179	MGA94_50	619342.629	7680570.011	70.317	147	-60	AC	10	E47/3673
F1180	MGA94_50	619328.403	7680591.667	70.326	147	-60	AC	15	E47/3673
F1181	MGA94_50	619315.063	7680612.146	70.429	147	-60	AC	13	E47/3673
F1182	MGA94_50	619300.992	7680633.704	70.38	147	-60	AC	19	E47/3673
F1183	MGA94_50	619287.174	7680654.428	70.512	147	-60	AC	16	E47/3673
F1184	MGA94_50	619273.756	7680674.984	70.274	147	-60	AC	13	E47/3673
F1185	MGA94_50	619259.717	7680696.311	70.188	147	-60	AC	16	E47/3673
F1186	MGA94_50	619245.933	7680717.494	70.071	147	-60	AC	10	E47/3673
F1187	MGA94_50	619232.468	7680738.039	70.044	147	-60	AC	13	E47/3673
F1188	MGA94_50	619219.392	7680758.25	70.014	147	-60	AC	13	E47/3673
F1189	MGA94_50	619205.048	7680780.466	70.015	147	-60	AC	16	E47/3673
F1190	MGA94_50	619191.068	7680801.575	69.893	147	-60	AC	15	E47/3673
F1191	MGA94_50	619177.159	7680822.666	69.864	147	-60	AC	13	E47/3673
F1192	MGA94_50	619163.662	7680842.756	69.985	147	-60	AC	12	E47/3673
F1193	MGA94_50	619149.706	7680863.877	70.065	147	-60	AC	16	E47/3673
F1194	MGA94_50	619136.269	7680884.767	70.194	147	-60	AC	16	E47/3673
F1195	MGA94_50	619122.581	7680905.828	70.495	147	-60	AC	19	E47/3673
F1196	MGA94_50	619108.889	7680926.571	70.701	147	-60	AC	19	E47/3673
F1197	MGA94_50	619095.064	7680947.27	70.606	147	-60	AC	16	E47/3673
F1198	MGA94_50	619081.625	7680967.86	70.172	147	-60	AC	19	E47/3673
F1199	MGA94_50	619068.208	7680989.06	70.277	147	-60	AC	17	E47/3673
F1200	MGA94_50	619054.08	7681010.599	70.29	147	-60	AC	16	E47/3673
F1201	MGA94_50	619039.229	7681033.551	70.361	147	-60	AC	24	E47/3673
F1202	MGA94_50	619027.324	7681051.94	70.442	147	-60	AC	16	E47/3673
F1203	MGA94_50	619013.018	7681072.542	70.823	147	-60	AC	24	E47/3673
F1204	MGA94_50	618999.49	7681093.15	70.733	147	-60	AC	15	E47/3673
F1205	MGA94_50	618985.584	7681114.698	70.689	147	-60	AC	16	E47/3673
F1206	MGA94_50	618971.962	7681135.264	71.159	147	-60	AC	15	E47/3673
F1207	MGA94_50	618958.512	7681155.846	71.642	147	-60	AC	24	E47/3673
F1208	MGA94_50	618944.257	7681177.319	71.802	147	-60	AC	21	E47/3673
F1209	MGA94_50	618930.964	7681197.915	71.45	147	-60	AC	32	E47/3673
F1210	MGA94_50	618917.87	7681218.534	71.302	147	-60	AC	30	E47/3673
F1211	MGA94_50	618903.797	7681239.885	70.888	147	-60	AC	28	E47/3673
F1212	MGA94_50	618889.754	7681261.064	70.173	147	-60	AC	30	E47/3673
F1213	MGA94_50	618875.953	7681281.959	70.659	147	-60	AC	28	E47/3673
F1214	MGA94_50	618861.893	7681303.202	70.629	147	-60	AC	33	E47/3673
F1215	MGA94_50	618848.485	7681323.843	70.554	147	-60	AC	42	E47/3673
F1216	MGA94_50	618834.513	7681345.341	70.409	147	-60	AC	33	E47/3673
F1217	MGA94_50	618821.295	7681364.571	70.391	147	-60	AC	33	E47/3673
F1218	MGA94_50	618807.854	7681386.935	70.15	147	-60	AC	21	E47/3673
F1219	MGA94_50	618794.317	7681406.477	70.077	147	-60	AC	30	E47/3673
F1220	MGA94_50	619929.243	7680841.703	69.104	147	-60	AC	9	E47/3673
F1221	MGA94_50	619918.197	7680858.789	69.06	147	-60	AC	8	E47/3673
F1222	MGA94_50	619904.293	7680879.436	69.123	147	-60	AC	22	E47/3673
F1223	MGA94_50	619890.339	7680900.655	68.952	147	-60	AC	11	E47/3673
F1224	MGA94_50	619876.561	7680921.627	68.916	147	-60	AC	14	E47/3673
F1225	MGA94_50	619863.126	7680942.328	68.941	147	-60	AC	22	E47/3673
F1226	MGA94_50	619849.801	7680962.919	68.87	147	-60	AC	15	E47/3673
F1227	MGA94_50	619835.867	7680984.558	68.978	147	-60	AC	15	E47/3673
F1228	MGA94_50	619821.767	7681005.845	69.246	147	-60	AC	16	E47/3673
F1229	MGA94_50	619808.457	7681026.062	69.248	147	-60	AC	12	E47/3673
F1230	MGA94_50	619794.381	7681046.618	69.15	147	-60	AC	16	E47/3673
F1231	MGA94_50	619780.662	7681067.561	68.953	147	-60	AC	28	E47/3673
F1232	MGA94_50	619766.815	7681089.14	68.703	147	-60	AC	24	E47/3673
F1233	MGA94_50	619753.27	7681109.995	68.584	147	-60	AC	12	E47/3673
F1234	MGA94_50	619740.642	7681129.433	68.686	147	-60	AC	12	E47/3673
F1235	MGA94_50	619726.333	7681151.74	68.522	147	-60	AC	10	E47/3673
F1236	MGA94_50	619712.44	7681172.777	68.476	147	-60	AC	10	E47/3673
F1237	MGA94_50	619699.306	7681192.868	68.347	147	-60	AC	9	E47/3673
F1238	MGA94_50	619685.307	7681214.386	68.35	147	-60	AC	9	E47/3673
F1239	MGA94_50	619671.488	7681235.122	68.337	147	-60	AC	13	E47/3673
F1240	MGA94_50	619657.507	7681255.745	68.411	147	-60	AC	25	E47/3673
F1241	MGA94_50	619641.551	7681274.574	68.534	147	-60	AC	30	E47/3673
F1242	MGA94_50	619630.946	7681297.752	68.445	147	-60	AC	13	E47/3673
F1243	MGA94_50	619616.739	7681318.303	68.419	147	-60	AC	24	E47/3673
F1244	MGA94_50	619603.087	7681339.352	68.426	147	-60	AC	13	E47/3673
F1245	MGA94_50	619589.902	7681359.312	68.468	147	-60	AC	10	E47/3673
F1246	MGA94_50	619575.251	7681381.916	68.569	147	-60	AC	16	E47/3673
F1247	MGA94_50	619561.857	7681402.172	68.702	147	-60	AC	16	E47/3673
F1248	MGA94_50	619544.002	7681422.479	68.972	147	-60	AC	12	E47/3673
F1249	MGA94_50	619534.851	7681442.575	69.359	147	-60	AC	24	E47/3673
F1250	MGA94_50	619520.474	7681465.317	69.553	147	-60	AC	33	E47/3673
F1251	MGA94_50	619506.633	7681486.16	69.144	147	-60	AC	36	E47/3673
F1252	MGA94_50	619492.419	7681507.359	69.363	147	-60	AC	30	E47/3673
F1253	MGA94_50	619479.736	7681527.462	69.285	147	-60	AC	44	E47/3673
F1254	MGA94_50	619466.149	7681548.737	69.459	147	-60	AC	27	E47/3673
F1255	MGA94_50	619452.823	7681568.853	69.508	147	-60	AC	33	E47/3673
F1256	MGA94_50	619438.287	7681590.627	69.02	147	-60	AC	20	E47/3673
F1257	MGA94_50	619424.572	7681611.704	69.203	147	-60	AC	18	E47/3673
F1258	MGA94_50	619410.746	7681632.304	69.023	147	-60	AC	32	E47/3673
F1259	MGA94_50	619397.098	7681653.454	69.017	147	-60	AC	28	E47/3673
F1260	MGA94_50	619382.925	7681675.052	68.745	147	-60	AC	26	E47/3673
F1261	MGA94_50	619369.528	7681695.973	68.652	147	-60	AC	21	E47/3673
F1262	MGA94_50	619356.039	7681716.546	68.533	147	-60	AC	24	E47/3673
F1263	MGA94_50	619342.434	7681736.925	68.516	147	-60	AC	22	E47/3673
F1264	MGA94_50	619329.416	7681756.773	68.388	147	-60	AC	18	E47/3673
F1265	MGA94_50	619314.723	7681779.062	68.263	147	-60	AC	10	E47/3673
F1266	MGA94_50	619301.558	7681798.735	68.271	147	-60	AC	11	E47/3673
F1267	MGA94_50	619287.428	7681819.99	68.21	147	-60	AC	9	E47/3673
F1268	MGA94_50	619273.663	7681841.695	68.31	147	-60	AC	11	E47/3673
F1269	MGA94_50	619260.635	7681861.942	68.249	147	-60	AC	12	E47/3673
F1270	MGA94_50	619246.704	7681883.396	68.371	147	-60	AC	12	E47/3673
F1271	MGA94_50	619233.109	7681903.905	68.37	147	-60	AC	14	E47/3673
F1272	MGA94_50	619219.526	7681924.723	68.343	147	-60	AC	16	E47/3673
F1273	MGA94_50	619205.867	7681945.678	68.419	147	-60	AC	13	E47/3673
F1274	MGA94_50	619191.787	7681966.915	68.457	147	-60	AC	11	E47/3673
F1275	MGA94_50	619178.13	7681987.425	68.492	147	-60	AC	12	E47/3673
F1276	MGA94_50	619164.503	7682007.93	68.307	147	-60	AC	12	E47/3673
F1277	MGA94_50	619150.701	7682029.387	68.217	147	-60	AC	14	E47/3673
F1278	MGA94_50	619136.983	7682050.306	68.207	147	-60	AC	15	E47/3673
F1279	MGA94_50	619123.013	7682071.481	68.192	147	-60	AC	14	E47/3673
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F1281	MGA94_50	621204.254	7678891.694	69.27	147	-60	AC	11	E47/3673
F1282	MGA94_50	621192.302	7678914.744	69.27	147	-60	AC	19	E47/3673
F1283	MGA94_50	621178.258	7678936.571	69.242	147	-60	AC	16	E47/3673
F1284	MGA94_50	621165.089	7678956.563	69.226	147	-60	AC	32	E47/3673
F1285	MGA94_50	621152.157	7678976.758	69.109	147	-60	AC	29	E47/3673
F1286	MGA94_50	621137.591	7678998.263	68.983	147	-60	AC	5	E47/3673
F1287	MGA94_50	621123.369	7679019.491	68.889	147	-60	AC	8	E47/3673
F1288	MGA94_50	621109.759	7679040.511	68.773	147	-60	AC	7	E47/3673
F1289	MGA94_50	621096.761	7679060.015	68.647	147	-60	AC	10	E47/3673
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F1303	MGA94_50	620877.908	7679395.495	68.876	147	-60	AC	15	E47/3673
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F1306	MGA94_50	620837.278	7679457.253	67.803	147	-60	AC	36	E47/3673
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F1309	MGA94_50	620795.566	7679520.701	67.765	147	-60	AC	24	E47/3673
F1310	MGA94_50	620782.034	7679541.235	67.698	147	-60	AC	19	E47/3673
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F1312	MGA94_50	620754.277	7679583.918	67.429	147	-60	AC	21	E47/3673
F1313	MGA94_50	620740.723	7679604.355	67.353	147	-60	AC	21	E47/3673
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F1410	MGA94_50	620205.397	7679254.15	67.834	147	-60	AC	7	E47/3673
F1411	MGA94_50	620191.369	7679275.609	67.808	147	-60	AC	10	E47/3673
F1412	MGA94_50	620176.716	7679299.24	67.853	147	-60	AC	13	E47/3673
F1413	MGA94_50	620164.505	7679316.725	67.837	147	-60	AC	11	E47/3673

Table 2: Becher Area - RC drilling location data for holes not previously released²

HOLE ID	COORDSYS	EASTING	NORTHING	RL	AZIMUTH	DIP	TYPE	DEPTH m	LEASE
G0013	MGA94_50	620938.03	7684557.915	62.634	147	-60	RC	117	E47/3673
G0014	MGA94_50	621063.503	7684402.529	66.066	147	-60	RC	150	E47/3673
G0015	MGA94_50	620802.537	7684184.274	66.718	147	-60	RC	120	E47/3673
G0016	MGA94_50	620771.017	7684233.019	67.933	147	-60	RC	126	E47/3673
G0017	MGA94_50	620744.916	7684273.425	68.577	147	-60	RC	120	E47/3673
G0018	MGA94_50	620704.697	7684333.549	70.359	147	-60	RC	120	E47/3673
G0019	MGA94_50	620672.584	7684384.537	66.029	147	-60	RC	114	E47/3673
G0020	MGA94_50	620607.229	7684483.773	62.32	147	-60	RC	121	E47/3673
G0021	MGA94_50	620640.669	7684433.461	63.579	147	-60	RC	99	E47/3673
G0022	MGA94_50	620502.193	7684058.827	67.565	147	-60	RC	121	E47/3673
G0023	MGA94_50	620470.962	7684107.881	65.937	147	-60	RC	121	E47/3673
G0024	MGA94_50	620437.487	7684159.475	65.155	147	-60	RC	121	E47/3673
G0025	MGA94_50	620403.735	7684207.952	63.04	147	-60	RC	121	E47/3673
G0026	MGA94_50	620371.567	7684258.346	62.07	147	-60	RC	121	E47/3673
G0027	MGA94_50	620338.735	7684308.175	61.036	147	-60	RC	123	E47/3673
G0028	MGA94_50	620306.748	7684359.832	60.011	147	-60	RC	121	E47/3673
G0029	MGA94_50	620235.377	7683881.12	59.539	147	-60	RC	121	E47/3673
G0030	MGA94_50	620202.758	7683932.167	59.358	147	-60	RC	121	E47/3673
G0031	MGA94_50	620039.271	7684181.809	57.973	147	-60	RC	127	E47/3673
G0032	MGA94_50	620102.039	7684084.372	58.41	147	-60	RC	127	E47/3673

Table 3: Becher Area – Drilling Intercepts >0.3 g/t Au with up to 2m internal dilution²

Hole ID	Depth From m	Depth To m	Width (m)	Au (g/t)
A0002	17	18	1	0.457
A0003	66	68	2	0.909
A0004	23	24	1	0.479
A0004	40	41	1	0.401
A0027	11	12	1	0.408
A0028	22	23	1	0.393
A0029	14	15	1	0.366
A0033	11	12	1	0.305
A0034	0	19	19	0.651
A0035	5	8	3	0.482
A0038	28	29	1	0.308
F0123	33	34	1	0.697
F0632	8	12	4	4.02
F0738	12	16	4	0.4
F0756	12	16	4	0.35
F0760	12	16	4	0.32
F0761	12	16	4	0.34
F0858	20	23	3	0.44
F0940	8	12	4	0.33
F1136	20	24	4	0.37
G0003	8	9	1	0.3
G0003	17	18	1	0.7
G0003	25	26	1	0.401
G0004	41	42	1	0.49
G0005	2	8	6	0.46
G0005	16	18	2	0.567
G0005	22	23	1	0.305
G0005	34	35	1	0.573
G0005	41	52	11	0.875
G0005	56	61	5	0.68
G0005	65	66	1	0.555
G0007	65	66	1	0.41
G0007	87	88	1	0.34
G0008	70	76	6	0.319
G0008	81	82	1	0.487
G0009	45	46	1	0.325
G0009	75	78	3	0.393
G0012	19	20	1	0.32
G0012	37	38	1	0.541
G0013	52	53	1	0.3
G0013	57	58	1	0.3
G0013	104	107	3	0.408
G0014	4	5	1	0.574
G0014	17	18	1	0.314
G0014	30	33	3	0.34
G0014	35	37	2	0.345
G0014	64	66	2	0.525
G0014	119	120	1	0.496
G0014	127	128	1	1.438
G0016	44	48	4	1.394
G0018	80	88	8	0.548
G0018	92	96	4	0.492
G0019	16	20	4	0.64
G0019	88	92	4	0.395
G0022	28	32	4	0.334
G0022	52	56	4	0.35
G0024	100	104	4	0.32

Table 4: Becher Area – Drilling Intercepts >0.1 g/t Au with up to 2m internal dilution²

Hole ID	Depth From m	Depth To m	Width (m)	Au (g/t)	Cu (ppm)
A0001	8	14	6	0.14	2262
A0001	20	24	4	0.17	2115
A0002	17	21	4	0.16	176
A0002	30	31	1	0.14	433
A0002	45	55	10	0.13	223
A0003	62	63	1	0.23	178
A0003	66	68	2	0.91	473
A0004	23	24	1	0.48	816
A0004	29	32	3	0.10	289
A0004	39	42	3	0.22	280
A0027	11	13	2	0.29	58
A0027	16	17	1	0.23	139
A0027	24	27	3	0.13	112
A0028	22	23	1	0.39	113
A0028	26	32	6	0.17	136
A0029	12	27	15	0.15	171
A0033	3	12	9	0.20	45
A0034	0	23	23	0.56	42
A0035	3	16	13	0.25	53
A0037	3	15	12	0.13	45
A0037	18	19	1	0.17	58
A0038	23	30	7	0.17	39
A0067	29	31	2	0.17	103
F0123	33	35	2	0.40	68
F0137	4	8	4	0.13	0
F0146	26	27	1	0.22	19
F0216	0	4	4	0.19	na
F0284	4	8	4	0.10	na
F0368	4	8	4	0.10	na
F0429	16	20	4	0.12	na
F0506	12	16	4	0.12	na
F0519	16	24	8	0.20	na
F0521	20	28	8	0.14	na
F0567	8	12	4	0.13	na
F0573	12	16	4	0.10	na
F0574	4	8	4	0.10	na
F0594	8	12	4	0.13	na
F0597	0	4	4	0.21	na
F0598	4	8	4	0.13	na
F0605	16	21	5	0.12	na
F0632	8	16	8	2.14	na
F0644	8	12	4	0.11	na
F0654	4	10	6	0.24	na
F0724	8	12	4	0.14	na
F0738	12	16	4	0.40	na
F0739	12	16	4	0.17	na
F0740	12	16	4	0.17	na
F0744	12	16	4	0.12	na
F0747	12	16	4	0.11	na
F0748	0	4	4	0.23	na
F0755	12	16	4	0.12	na
F0756	12	16	4	0.35	na
F0757	28	32	4	0.10	na
F0759	12	16	4	0.11	na
F0760	12	16	4	0.32	na
F0761	8	16	8	0.23	na
F0762	12	16	4	0.14	na
F0764	8	16	8	0.12	na
F0858	20	23	3	0.44	na
F0902	20	24	4	0.10	na
F0903	8	12	4	0.17	na
F0936	12	16	4	0.19	na
F0939	4	8	4	0.12	na
F0940	8	12	4	0.33	na
F0941	8	12	4	0.11	na
F0983	0	4	4	0.15	na
F1016	8	12	4	0.22	na
F1027	8	12	4	0.12	na
F1064	8	12	4	0.13	na
F1075	16	21	5	0.14	na
F1115	12	16	4	0.18	na
F1121	8	12	4	0.19	na
F1133	16	20	4	0.10	na
F1134	20	24	4	0.20	na
F1135	20	24	4	0.12	na
F1136	20	24	4	0.37	na
F1138	12	16	4	0.27	na
F1148	0	4	4	0.10	na
G0001	6	7	1	0.11	na
G0003	4	10	6	0.17	na
G0003	17	20	3	0.35	na
G0003	25	31	6	0.21	na
G0004	10	12	2	0.19	na
G0004	34	42	8	0.19	na
G0004	63	66	3	0.18	na
G0004	96	97	1	0.11	na
G0005	0	13	13	0.30	na
G0005	16	24	8	0.25	na
G0005	27	28	1	0.10	na
G0005	30	31	1	0.11	na
G0005	33	66	33	0.49	na
G0005	87	91	4	0.13	na
G0006	15	16	1	0.13	na
G0006	21	25	4	0.14	na
G0006	29	31	2	0.12	na
G0006	40	46	6	0.14	na
G0006	64	65	1	0.26	na
G0006	71	75	4	0.11	na
G0006	79	80	1	0.15	na
G0006	83	88	5	0.14	na
G0007	15	16	1	0.17	na
G0007	35	44	9	0.13	na
G0007	47	51	4	0.17	na
G0007	65	68	3	0.19	na
G0007	77	78	1	0.12	na
G0007	86	90	4	0.23	na
G0008	6	8	2	0.13	na
G0008	11	12	1	0.18	na
G0008	15	18	3	0.17	na
G0008	60	66	6	0.13	na
G0008	69	76	7	0.31	na
G0008	80	82	2	0.32	na
G0009	22	26	4	0.13	na
G0009	37	40	3	0.14	na
G0009	43	47	4	0.21	na
G0009	75	78	3	0.39	na
G0010	3	5	2	0.12	na
G0010	9	11	2	0.14	na
G0011	5	6	1	0.10	na
G0012	13	23	10	0.22	na
G0012	30	39	9	0.15	na
G0012	51	52	1	0.11	na
G0012	61	63	2	0.11	na
G0013	34	39	5	0.13	na
G0013	42	43	1	0.11	na
G0013	46	60	14	0.17	na
G0013	68	69	1	0.17	na
G0013	82	83	1	0.13	na
G0013	101	111	10	0.20	na
G0014	3	5	2	0.34	na
G0014	8	13	5	0.15	na
G0014	17	18	1	0.31	na
G0014	29	43	14	0.19	na
G0014	55	56	1	0.16	na
G0014	64	67	3	0.40	na
G0014	91	92	1	0.17	na
G0014	108	112	4	0.15	na
G0014	119	121	2	0.31	na
G0014	126	132	6	0.34	na
G0014	141	144	3	0.14	na
G0014	148	149	1	0.12	na
G0016	0	4	4	0.12	na
G0016	12	16	4	0.12	na
G0016	32	52	20	0.41	na
G0017	4	16	12	0.14	na
G0017	44	48	4	0.28	na
G0018	48	56	8	0.10	na
G0018	76	100	24	0.38	na
G0018	104	108	4	0.13	na
G0018	116	120	4	0.13	na
G0019	16	20	4	0.64	na
G0019	84	108	24	0.23	na
G0022	0	4	4	0.10	na
G0022	16	20	4	0.12	na
G0022	28	32	4	0.33	na
G0022	36	40	4	0.27	na
G0022	48	64	16	0.20	na
G0022	116	121	5	0.13	na
G0023	8	12	4	0.24	na
G0023	36	40	4	0.21	na
G0023	56	60	4	0.15	na
G0023	68	72	4	0.15	na
G0023	84	92	8	0.20	na
G0023	112	116	4	0.14	na
G0024	76	80	4	0.14	na
G0024	84	88	4	0.12	na
G0024	92	96	4	0.13	na
G0024	100	104	4	0.32	na

Table 5: Becher Area – Drilling Intercepts not listed with anomalous base metals and silver

Hole ID	Depth From m	Depth To m	Width (m)	Au (g/t)	Ag (ppm)	Pb (ppm)	Zn (ppm)	Sb (ppm)
F0749	20	24	4	0.04	3.45	4872	996	18.2
A0029	22	23	1	0.254	31.87	11	54	37.6

FAQ

What are the latest drilling results from Novo Resources (NSRPF) at the Becher Area?

Novo Resources has reported peak aircore results from the Becher Area, including 8 m @ 2.15 g/t Au from Irvine.

When is the next drilling program scheduled for Novo Resources (NSRPF)?

Novo Resources plans to commence follow-up drilling in Q2 2023.

What are the key targets identified by Novo Resources (NSRPF) in the Becher Area?

The key targets identified include Irvine, Heckmair, and Whillans.

How many holes were drilled in the 2022 program by Novo Resources (NSRPF)?

A total of 1,413 holes were drilled, amounting to 31,824 meters.

What challenges does Novo Resources (NSRPF) face with its drilling results?

40% of Reverse Circulation samples are pending, which may delay the overall assessment of the drilling program.