Novo Resources has identified high-grade gold, up to 91.16 g/t Au at the historic Pilgrims Rest mine, Station Peak, Egina District, Western Australia.
The gold was identified via rock chip sampling.
The mine is located 41 km to the south-west of ASX-listed De Grey Mining’s Hemi deposit and 29 km south of the Indee mine in the northern-central Pilbara Region.
Novo’s mining licence M47/561 is part of the farmin and joint venture arrangement with Sumitomo Corporation of Tokyo, Japan.
These findings demonstrate that Novo’s exploration program in the Pilbara, Western Australia, and Victoria continues to yield encouraging results from prospects.
“The new rock chip results from Station Peak are an exciting development in our Pilbara exploration program,” said Dr Quinton Hennigh, the non-executive co-chairman of Novo in a media release.
“Additional planned work, including mapping, sampling, and drilling is expected to continue through 2022 in order to further advance the Egina project.”
The company will continue with follow-up work, which will include:
- Integration of historic mine plans
- Drilling into targets defined by the recent results and 3D modelling
- Detailed mapping, soil geochemical sampling and further rock chip sampling to the west of the historic Pilgrims Rest gold mine.
The company operates its flagship Beatons Creek gold project but is also focused on exploring and developing its prospective land package covering approximately 12,500 square kilometres in the Pilbara region of Western Australia.
