High-Grade Gold Results Signal Strong Potential at Novo's Tibooburra Project
Novo Resources Corp. has announced significant high-grade gold results from its maiden drilling program at the Tibooburra Gold Project in northwestern NSW, highlighting the project's substantial exploration potential.
Impressive High-Grade Intercepts Demonstrate Continuity
The company's 14-hole RC drilling program at the Clone prospect delivered outstanding results, including 12m @ 5.90 g/t Au from 16m (including 5m @ 13.74 g/t Au) and 17m @ 2.40 g/t Au from 59m (including 9m @ 4.14 g/t Au).
These intercepts are particularly significant as they demonstrate grade and width continuity along a 300m strike length, with the mineralisation showing a shallow northerly plunge that remains open in multiple directions.
"The consistency of grade and thickness over a 300m strike is very encouraging. Follow-up RC drilling to extend gold mineralisation to the north is warranted and is now being designed," said Mike Spreadborough, Executive Co-Chairman and Acting CEO.
Strategic Position in Historic Albert Goldfields
The Tibooburra Gold Project represents an advanced exploration opportunity covering much of the historic Albert Goldfields. The project spans six granted exploration licenses over 630 sq km and encompasses historic workings along a 22km strike from Phoenix North to New Bendigo.
Novo entered into a binding farm-in agreement with Manhattan Corporation Limited in late 2024, with an option to acquire a 70% interest in the tenements. The company has already exceeded the required minimum spend of $500,000 for the initial farm-in period.
Victorian Goldfields Connection Enhances Potential
What makes Tibooburra particularly interesting is its geological similarity to the prolific Victorian Goldfields. The mineralisation is classified as an orogenic gold system hosted within a turbidite-dominated sequence, sharing key structural and geological similarities with the turbidite-hosted gold deposits of Central Victoria's Western Lachlan Orogen.
These similarities include:
- Moderate west-dipping mineralised reverse faults
- Tight shallow plunging folds
- Comparable age of host rocks
- Similar mineralisation styles and structural deformation history
Understanding Orogenic Gold Systems
Orogenic gold deposits form along major fault systems during mountain-building events. These deposits represent one of the most economically important types of gold mineralisation globally, accounting for a significant percentage of world gold production.
At Tibooburra, gold mineralisation occurs within a west-dipping reverse fault/thrust (known as the Clone Thrust) associated with intense sericite-carbonate alteration. The gold is typically found in quartz veins and altered wall rock within structural features.
The intersection of regional foliation and main structures provides a shallow north to NNE plunging intersection, similar to the high-grade shoot plunge defined by the recent drilling. This geological setting is significant because orogenic gold systems often have considerable depth extent, creating potential for large, high-grade deposits when properly understood and explored.
Key characteristics of orogenic gold deposits:
| Feature | Description |
|---|---|
| Formation | Develop during mountain-building processes (orogenies) |
| Host Rocks | Typically metamorphosed volcanic or sedimentary rocks |
| Structure | Strong structural control along major fault systems |
| Mineralisation | Gold-bearing quartz veins with sulphides (pyrite, arsenopyrite) |
| Alteration | Carbonate, sericite, silica, chlorite alteration halos |
| Depth Extent | Often extend to significant depths (>1-2km) |
| Examples | Victorian Goldfields, Abitibi Belt (Canada), Kalgoorlie (WA) |
New Bendigo Adds Further Upside
In addition to Clone, the New Bendigo prospect located 7km southeast adds significant potential to the project. Previous drilling by Manhattan Corporation at New Bendigo returned exceptional results, including:
- 30m at 4.03 g/t Au from 11m (including 5m at 20.86 g/t Au)
- 16m at 13.89 g/t Au from 1m (including 3m at 69.20 g/t Au)
- 8m at 40.5 g/t Au from 70m (including 3m at 105.34 g/t Au)
Like Clone, New Bendigo displays a similar shallow northerly plunge to its high-grade shoots, suggesting a consistent mineralisation style across the project.
Upcoming Work Programs to Drive Value
Novo has outlined a systematic exploration approach to advance Tibooburra:
- Follow-up RC drilling at Clone to test the northern extension of the high-grade shoot
- Down-hole imaging at Clone to determine structural data for targeting
- Relogging of core from New Bendigo to better identify controls on gold mineralisation
- Systematic mapping and sampling across the broader project area
This methodical approach should help the company maximise the value of its exploration investment while rapidly advancing the project.
"Tibooburra remains an exciting exploration project given the extent of the system along a 22km strike of historic workings, and limited systematic exploration or drilling," stated Mike Spreadborough.
Why Investors Should Follow Novo Resources
Novo Resources presents a compelling investment case based on several factors:
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High-Grade Discovery Potential: The recent drilling results demonstrate the potential for significant high-grade gold resources at Tibooburra.
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District-Scale Opportunity: With 22km of strike length along historic workings, Novo has barely scratched the surface of this extensive gold system.
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Geological Similarities to Victorian Goldfields: The geological connection to Victoria's prolific goldfields provides a proven model for exploration and suggests potential for substantial gold endowment.
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Systematic Exploration Approach: Novo's methodical exploration strategy focused on understanding structural controls should maximise discovery efficiency.
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Portfolio Diversification: Tibooburra complements Novo's extensive Pilbara gold interests and provides exposure to a different style of gold mineralisation.
With multiple gold targets across a large land package and strong initial drilling results, Novo Resources Corp Tibooburra Gold Project offers investors exposure to a potentially significant gold discovery in a historic mining district. The company's focus on understanding the structural controls of mineralisation provides a sound foundation for efficient exploration and resource development.
Looking to Add High-Grade Gold Exposure to Your Portfolio?
Discover more about Novo Resources' impressive results at the Tibooburra Gold Project and their strategic exploration programme. With high-grade intercepts demonstrating strong continuity and geological similarities to Victoria's prolific goldfields, Novo offers investors exposure to a potentially significant gold discovery in a historic mining district. Visit novoresources.com today to learn more about this compelling investment opportunity and stay updated on their systematic exploration approach across this district-scale gold system.
