financetom
Business
financetom
/
Business
/
Novo Resources Says Aircore Drilling to Commence at Balla Balla
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Novo Resources Says Aircore Drilling to Commence at Balla Balla
Mar 19, 2025 6:28 AM

09:07 AM EDT, 03/19/2025 (MT Newswires) -- Novo Resources Corp. ( NSRPF ) announced Wednesday the imminent start of a maiden aircore drill program at the Balla Balla Gold Project, "designed to test target zones of structural complexity in the Sholl Shear Zone and associated structures under cover".

A statement noted aircore drilling to test priority targets is expected to commence in late-March, weather dependent.

Among highlights, drilling is planned to target zones of "structural complexity" and splay faults proximal to the Sholl Shear Zone, under generally shallow cover. It noted the Sholl Shear Zone is a "fertile, long lived, crustal-scale feature" which trends over 200 km in the northern Pilbara.

On other highlights, Novo said geological interpretation has identified folded and offset mafic and ultramafic stratigraphy in complex zones around splays off the Sholl Shear Zone; it added several prospects are delineated for drill testing including Ramquarry, Cockerell, Babbage and Beaufort; and mapping and sampling campaigns is completed at the Tibooburra and John Bull Gold Projects in NSW.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Australia's Lynas surges as automakers flag risks from China's rare-earth export curbs
Australia's Lynas surges as automakers flag risks from China's rare-earth export curbs
Jun 4, 2025
By Rajasik Mukherjee (Reuters) -Shares of Australia's Lynas Rare Earths ( LYSCF ) climbed on Thursday to their highest point in more than two years, after global automakers warned that China's export restrictions on rare-earth materials could lead to production delays. As the world's largest rare-earth producer outside China, Lynas is expected to benefit from concerns over global supply stability....
Fevertree and Molson Coors to split cost of US tariffs
Fevertree and Molson Coors to split cost of US tariffs
Jun 4, 2025
June 5 (Reuters) - Tonic maker Fevertree Drinks ( FQVTF ) said on Thursday it would equally split costs of the 10% tariff imposition on the UK imports to the U.S. with brewer Molson Coors ( TAP/A ), as part of their recent tie-up to mitigate the short-term impact. ...
South Korea's Hanwha to offload Eutelsat stake, filing shows
South Korea's Hanwha to offload Eutelsat stake, filing shows
Jun 4, 2025
(Reuters) -South Korea's Hanwha Systems is offering to sell its entire 5.4% stake in Eutelsat for about 78 million euros ($85 million), a bookrunner filing showed on Wednesday, as the satellite operator moves ahead with its new financing plan. Eutelsat has garnered unprecedented attention this year from governments looking for home-grown alternatives to SpaceX's Starlink for satellite internet connectivity. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved