Promising Surface Exploration Informs Tibooburra RC Drilling Program

Core Viewpoint - Novo Resources Corp. is set to commence a Reverse Circulation (RC) drill program at the Clone prospect, part of the Tibooburra Gold Project in northwestern New South Wales, aiming to explore high-grade gold targets identified through recent exploration activities [2][3][4]. Exploration and Drilling Plans - The RC drill program, approximately 2,000 meters in length, is scheduled to begin in April 2025, focusing on several priority gold targets identified during a recent reconnaissance program [3][10][29]. - The Clone prospect has shown promising results from previous drilling, including peak results of 89.6 g/t Au and 41.9 g/t Au from rock chip samples, indicating significant gold mineralization potential [4][23][49]. Geological and Sampling Insights - Recent exploration activities included detailed structural and lithological mapping, pXRF, and soil sampling, which defined a coherent gold anomaly over a length of approximately 600 meters with peak results of 1,585 ppb Au [4][22][28]. - Geological mapping has identified a west-dipping thrust (Clone Thrust) associated with high-grade gold mineralization, with extensive historical workings over a strike length of approximately 450 meters [4][19][12]. Historical Context and Potential - The Tibooburra Gold Project encompasses much of the historic Albert Goldfield, with over 200 historic workings delineating more than 34 kilometers of interpreted mineralized trends [7][12]. - The area remains significantly under-explored, with opportunities for potential 'blind discoveries' due to cover sediments extending for up to 15 kilometers over the prospective target basement corridor [14][12]. Strategic Partnerships and Agreements - Novo has an agreement with Manhattan Corporation Limited, granting an option to acquire a 70% interest in the tenements comprising the Tibooburra Gold Project, contingent upon meeting minimum expenditure requirements [8][42].