Novo Resources Progresses Drilling at Western Australia Antimony Project, Shares Fall 8%

MT Newswires Live

Apr 30

Novo Resources (ASX:NVO) progressed its drill program at the Wyloo antimony project in Western Australia, testing the large polymetallic geochemical target and mineralized structures, with an initial planned program of around 2,500 meters of reverse-circulation drilling, according to a Thursday Australian bourse filing.

Drilling at the Cronus gold prospect will follow with around 2,000 meters of reverse circulation drilling in five fences to test across the Titan Shear. Follow-up drilling at Balla Balla polymetallic project is planned with 6,000 meters of aircore drilling.

Preliminary site locations have been identified for drilling in the second half of the year at the Belltopper gold project in Victoria.

Its shares fell 8% in recent trading on Thursday.

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