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Novo Resources Corp. (ASX:NVO)

ALERT: Price-sensitive ASX Announcement for NVO
Current share price for NVO : $0.063 -0.072 (-53.33%)+
Announcement
Release
6 Nov 2025 8:18AM
Price at Release
$0.135
Full Release
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Summary
The document details recent mapping and rock chip sampling activities conducted by Novo Resources Corp. at the Pioneer South prospect within the Tibooburra area in Australia. The mapping highlighted multiple gold-bearing quartz reefs associated with steep structures. Significant gold assay results were obtained from rock chip samples, with several samples exceeding 1 g/t Au, and one sample returning 19.8 g/t Au. These high-grade gold reefs outcrop over a 600-meter area, coinciding with historic gold workings. Notably, the Pioneer South target has not undergone previous drill testing, indicating potential for future exploration efforts.
Key Points
  • Recent mapping and rock chip sampling at Pioneer South, Tibooburra.
  • Multiple gold-bearing quartz reefs identified.
  • High-grade gold assays from rock chip samples, including 19.8 g/t Au.
  • 600-meter outcrop of high-grade gold coinciding with historic workings.
  • Pioneer South target has not been previously drill tested.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.