01:17 PM EDT, 05/03/2024 (MT Newswires) -- On Friday, Novo Resources ( NSRPF ) shared "significant exploration results" from across the company's Western Australian gold portfolio, notably at the Becher and Nunyerry North Projects.

Novo Executive Co-Chairman and Acting CEO Mike Spreadborough in a statement said: "We have made significant strides in our exploration efforts since the start of 2024, highlighted by encouraging high-grade results from Nunyerry North." This, he noted, included 6 metres at 6.12 g/t Au from 37 metres and 11 metres at 2.52 g/t Au from 22 metres.

Spreadborough added: "We are in the early phase of exploration at Nunyerry with the full potential of the project yet to be determined. The results from last year's maiden drill program reaffirmed our view that this high-priority exploration target has the right characteristics to become a significant gold project.

"We are focused on maintaining the strong momentum generated at Nunyerry, with a near 4,000 m RC drill program set to commence in the coming days. This has been designed to test multiple new targets along strike of known mineralization and down plunge of existing intercepts."

During Q4 2023, Friday's statement highlighted, Australia-listed De Grey Mining completed over 10,500 m of combined aircore (AC) and reverse circulation (RC) drilling at the Becher Project, as part of an initial planned 39,000 m drill program, as part of the Egina earn-in/JV.

"De Grey continued to progress its sizeable work program across the Becher Project, as part of our Egina earn-in/JV. De Grey has already completed over 10,500 m of combined aircore and reverse circulation drilling, as part of their planned 39,000 m program. Excellent results have been generated from the Lowe and Heckmair prospects, with drilling on track to re-commence in Q2 2024," said Spreadborough.

He added: "Novo is in a very strong financial position to continue our aggressive exploration push. Our highly experienced geological team have identified further exciting targets across our Karratha district, and we look forward to commencing drilling in the coming months and delivering on a strong pipeline of news for the remainder of 2024."

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