Core Insights - Kenorland Minerals and Auranova Resources have reported significant assay results from the 2025 Winter drill program at the South Uchi Project in Ontario, confirming a new gold system with widespread mineralization [1][4] - Auranova has completed the initial earn-in under the South Uchi option agreement, acquiring a 51% ownership interest in the Project [1][14] Drill Results - A total of 27 diamond drill holes were completed, totaling 14,365 meters, with 25 of 27 holes (93%) intersecting gold intervals of at least 0.1 g/t Au [4][7] - 15 of 27 holes (56%) intersected intervals of at least 1.00 g/t Au, and 6 of 27 holes (22%) intersected intervals of at least 5.00 g/t Au, with the highest grade intercept recorded at 14.60 g/t Au over 1.00 meter [4][10] - The mineralized corridor remains open in all directions, indicating potential for further exploration [4][10] Project Background - The South Uchi Project was identified by Kenorland based on its prospectivity for significant gold mineralized systems, covering a portion of the Confederation Assemblage volcanic rocks [19] - Prior to Kenorland's exploration, the area had little to no systematic exploration or documented gold occurrences [7][19] Future Plans - A Phase 2 drill program is scheduled for late summer 2025, aiming to expand on the newly discovered gold-bearing structural corridor identified in the initial drill program [13][10] - The follow-up drilling will focus on areas around drill hole 25PADD023 and the east-west trending deformation zone between drill holes 25PADD016 and 25PADD023 [13][10] Financial Aspects - As part of the earn-in agreement, Kenorland has received $500,000 in cash and 9,242,267 common shares of Auranova [14][21] - Auranova may earn an additional 19% interest, totaling 70%, by incurring an additional $10,000,000 in qualifying expenditures [21]

Core Viewpoint - Novo Resources Corp. is set to commence its maiden aircore drill program at the Balla Balla Gold Project, targeting structural complexities in the Sholl Shear Zone and associated structures [2][6][20]. Group 1: Balla Balla Gold Project Overview - Balla Balla is an early-stage exploration project focused on the Sholl Shear Zone, which is a significant geological feature extending over 200 km in the northern Pilbara [3][9]. - The project has identified several prospects along a 10 km trend, including Ramquarry, Cockerell, Babbage, and Beaufort, which will be targeted in the upcoming drilling program [7][6]. Group 2: Drilling Program Details - The aircore drilling is expected to begin in late March 2025, contingent on weather conditions, and will focus on zones of structural complexity and splay faults near the Sholl Shear Zone [6][20]. - Historical drilling indicates that the cover sequences in the area are approximately 25 m in vertical depth, allowing for effective drilling through unconsolidated cover to reach harder basement rocks [8]. - The drilling will utilize a nominal spacing of 640 m for drill lines, with hole centers spaced at 50 m, targeting NE-SW striking structures [19]. Group 3: Geological Significance - The Sholl Shear Zone is recognized as a fertile, crustal-scale structure that has played a crucial role in gold mineralization processes, acting as both a fluid conduit and a focusing corridor [9][10]. - The geological interpretation has revealed complex folded and offset mafic and ultramafic stratigraphy around the Sholl Shear Zone, which may enhance the potential for mineralization [6][14]. Group 4: Additional Exploration Activities - In addition to the Balla Balla project, Novo has completed mapping and sampling campaigns at the Tibooburra and John Bull Gold Projects in New South Wales, with RC drilling planned for Q2 2025 [21][22]. - The exploration efforts in NSW aim to improve geological understanding and support future drill program designs [21].