Novo Resources - Tibooburra Exploration Update: Drilling The Clone Prospect
In this Company Update, Cory is joined by Mike Spreadborough, Executive Co-Chairman, and Rohan Williams, General Manager of Exploration, at Novo Resources Corp. (TSX: NVO | ASX: NVO | OTCQX: NSRPF). The discussion focuses on the recent milestone updates from the Tibooburra Gold Project in New South Wales, detailing upcoming drill programs, farm-in progression, and regional exploration initiatives: Upcoming RC Drill Program at the Clone Prospect: How Novo is preparing to kick off an imminent 2,700-meter reverse circulation (RC) drill program following up on previous high-grade intercepts. Step-Out Potential and Exploration Depth: Insights into testing down-plunge continuity, targeting mineralized plunge extensions down to 160 meters, and assessing analogies to high-grade Victorian goldfields. Regional Pipeline and First-Principles Targeting: A look at how extensive stream sediment, soil sampling, and rock-chip surveys across the 22-kilometer strike are shaping air-core drill targets for next year. Joint Venture Farm-In Milestone: Key operational and management shifts following Novo's earn-in to secure an initial 70% interest in the joint venture. Project Timelines and Upcoming Catalysts: What investors should anticipate regarding drilling turnaround, pending soil assay releases, and long-term planning for 2027. Please email me with any follow up questions for Mike and the team at Novo Resources. My email address is [email protected]. Click here to visit the Novo Resources website to learn more about all the projects and exploration programs - https://novoresources.com/ ------------------------ For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.