The Egina district, including the Egina Gold Project and Egina Gold Camp, is located in a highly prospective gold province in the Pilbara. Over 1,500 km2 of Exploration and Mining Leases cover structurally complex, gold fertile corridors, crossing the Mallina Basin.
Novo’s tenure forms a contiguous package covering approximately 60 km structural strike length, that includes priority prospects: Becher and Teichman.
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. Northern Star’s (ASX:NST) over 13.6 Moz Au (JORC 2012) Hemi Gold Project is adjacent to Becher, located only ~ 28 km WSW of Northern Star’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 future drilling.
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 (later, Northern Star) for the advancement of exploration at Becher and surrounding tenements. During the Earn-In period, De Grey spent over $8M exploring the Egina Gold Project area before Northern Star purchased the company and elected to withdraw from Egina Earn-In and Joint Venture Agreement.
Novo now holds a valuable geological database that will better inform future work at this exceptional asset.
The Tabba Tabba Shear Corridor
Numerous priority exploration targets that have been identified along the Tabba Tabba Shear gold trend within the Egina Gold Camp, where Novo manages a contiguous group of tenements covering ~460 km2. The trend consists of complex, fertile structural corridors that extend over 60 km and include targets such as Teichman – an untested gold zone characterised by high grade rock samples at surface. The trend parallels the main shear trend at Becher to the north.
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