The Egina Gold Camp is Novo’s highly prospective gold belt in the Pilbara and includes the priority Becher Project.
This belt comprises a series of structurally complex, gold fertile corridors, hosted by rocks of the Mallina Basin in the north and mafic / ultramafic sequences further south.
Novo’s tenure forms a contiguous package of approximately 80 km strike length directly along this trend and has been one of the main focus areas for Novo’s exploration and joint venture programs.
Becher
The Becher Project is located in the northern sector of the Egina Gold Camp and covers a priority area of approximately 20 km2. The area is characterised by shallow cover overlaying the highly prospective and under-explored Mallina Basin. De Grey Mining’s (ASX:DEG) over 13.6 Moz Au (JORC 2012) Hemi Gold Project is adjacent to Becher, located only ~ 28 km WSW of De Grey’s principal Hemi deposit.
Becher is composed of four high-priority prospects: Heckmair, Irvine, Whillans and Lowe; all of which will be the subject of further drilling in connection with the Egina JV.
In June 2023, following success with its exploration results at Becher, Novo entered into the Egina Joint Venture (Egina JV) with +A$5B Western Australian gold developer De Grey for the advancement of exploration at Becher and surrounding tenements. De Grey is the manager of exploration programs at Becher through the Egina JV.
De Grey’s initial A$7 million minimum expenditure commitment has been satisfied. Over a 15-month period on exploration De Grey completed 34,180 m of AC drilling and 9,129 m of RC drilling across the four main prospects, testing prospective intrusions and regional structures; in addition a drone magnetic survey was completed across parts of the northern project area.
De Grey now has the right to earn a 50% joint venture interest in the Egina tenements with a total expenditure of A$25 million by June 30, 2027, at which time a Joint Venture will be formed with customary funding and dilution rights applied to both De Grey and Novo.
Nunyerry North and the Tabba Tabba Shear Corridor
Nunyerry North is one of a number of priority exploration targets that have been identified along the main gold trend within the southern part of the Egina Gold Camp, where Novo manages a contiguous group of tenements covering ~1,000 km2. The trend consists of complex, fertile structural corridors that extend over 60 km and strike towards the Becher Project in the northeast.
For the latest information on exploration and drilling results at the Egina Gold Camp, please visit ASX Releases, Presentations and Digital Media
