Novo Resources Completes Sampling Programs at New South Wales Gold Projects

MT Newswires Live

Feb 27, 2025

Novo Resources (ASX:NVO) said geological and geochemical sampling campaigns designed to support drill programs planned in the second quarter were completed at the Tibooburra and John Bull gold projects in New South Wales, according to a Thursday Australian bourse filing.

It collected 340 soil and 63 rock chip samples at the John Bull project and 962 soil and rock chip samples at the Tibooburra project.

Results from the sampling campaigns are expected in mid-March.

The tropical cyclone Zelia resulted in potential delays to drilling at its Balla Balla gold project and Karratha District in Western Australia and in the Egina joint venture area with De Grey Mining (ASX:DEG).

The firm's shares fell 5% on market close on Thursday.

Price (AUD): $0.10, Change: $-0.0050, Percent Change: -5.00%

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