Novo Resources Corp Chairman Speaks To JustStocks Of Significant Grade Increase In Nunyerry North Gold Project Drill Results

Novo Resources Corp. (ASX: NVO, TSX: NVO) Co-Chairman Mike Spreadborough and General Manager of Exploration Kas De Luca speak to JustStocks Video about updated, high-grade results from the maiden reverse circulation (RC) drill program completed at Nunyerry North Gold Project in Western Australia.

Mike Spreadborough said, “It is exciting to see a significant grade increase in the Nunyerry North drill results, some of which are close to surface and demonstrate the substantial upside potential of this Project. Significant new intercepts included 6 metres @ 6.12 grams per tonne gold from 37 metres, 11 metres @ 2.52 grams per tonne gold from 22 metres and 13 metres @ 1.89 grams per tonne gold from surface.

Novo has a cash balance of A$17.4 million (C$15.4 million) and an investment portfolio comprising A$39.3 million (C$34.8 million) in ASX-listed and unlisted companies and has no debt.

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