Novo Resources Extends John Bull Gold Anomaly Ahead of June Drilling

Expanding the Gold Footprint at John Bull

Australian gold explorer Novo Resources Corp has announced a significant extension of the high-grade gold anomaly at its John Bull Gold Project, located in the New England District of New South Wales. Following detailed geological mapping, soil sampling, and rock chip assays, the known gold anomaly now stretches approximately 1.5 kilometres along strike, with peak soil samples returning 1.59 grams per tonne (g/t) gold. This expansion builds on earlier promising results reported by joint venture partner TechGen Metals Limited.

The recent rock chip sampling campaign has yielded exceptional results, including assays as high as 67.9 g/t gold from sheeted quartz veins within structurally mineralised zones trending northwest and northeast. These findings underscore the potential for high-grade mineralisation within the project area, reinforcing Novo’s confidence in the prospectivity of John Bull.

Geological Insights and Target Definition

Detailed fieldwork has enhanced the understanding of the mineral system, supporting an Intrusion Related Gold System (IRGS) model. Geochemical zonation patterns reveal a proximal core enriched in tin (Sn), bismuth (Bi), and arsenic (As) centered on a porphyritic intrusion in the southwest of the tenement. This core is flanked by intermediate zones rich in gold (Au), molybdenum (Mo), copper (Cu), antimony (Sb), and tellurium (Te), surrounded by a distal halo characterized by sheeted veins with an Au-As-Sb-W signature.

Structural mapping has identified key fault zones with intense sericite alteration and brecciation, coinciding with high-order soil anomalies and an Induced Polarisation (IP) geophysical anomaly. These features have been instrumental in defining four priority drill targets along a strike length exceeding one kilometre.

Upcoming Drilling Campaign and Strategic Partnership

Novo plans to commence a reverse circulation (RC) drilling program of approximately 1,500 metres in late June 2025, subject to drill rig availability and receipt of governmental approvals. The program will focus on testing the high-density sheeted quartz vein systems around the historic sluicing area and three newly identified targets. Previous drilling by TechGen, comprising 17 RC holes totaling over 2,200 metres, returned encouraging intercepts including 94 metres at 0.95 g/t Au and 68 metres at 1.00 g/t Au, with mineralisation open at depth and along strike.

The John Bull Project is held under a farm-in agreement with TechGen Metals Limited, granting Novo the option to acquire up to 80% interest in the Mick’s Bull tenement and 70% in the John Bull tenement following staged exploration expenditure. This partnership leverages TechGen’s groundwork and Novo’s exploration expertise to advance the project efficiently.

Looking Ahead: Exploration and Growth Potential

Beyond the initial drilling phase, Novo intends to pursue follow-up drilling to infill and extend mineralisation, including diamond drilling to test depth potential. Additional geophysical surveys and mapping will target porphyry-related mineralisation west and southwest of the sheeted vein arrays. The company’s broader NSW portfolio, including the Manhattan Tibooburra Gold Project, complements this strategy of targeting gold projects with multi-million-ounce potential.

With a robust exploration framework and a clear path to testing high-priority targets, Novo Resources is positioning John Bull as a compelling addition to its growing Australian gold portfolio.