{"id":1186558,"date":"2020-05-26T14:15:51","date_gmt":"2020-05-26T19:15:51","guid":{"rendered":"https:\/\/www.mining.com\/?p=1025064"},"modified":"2020-05-26T14:15:51","modified_gmt":"2020-05-26T19:15:51","slug":"novo-makes-new-discovery-at-pilbara-gold-project","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1186558","title":{"rendered":"Novo makes new discovery at Pilbara gold project"},"content":{"rendered":"

Novo Resources (TSX-V) announced<\/a> on Tuesday it has discovered a broad gold-bearing swale in the northwestern part of its Egina mining lease in Australia’s Pilbara region. <\/p>\n

The discovery is situated a few hundred metres west of the swale that was the subject of extensive test work by the company in 2019. <\/p>\n

Earlier this month, Novo recommenced its exploration program at Egina and\u00a0identified another gold-bearing channel<\/a> in an area southwest of the Paradise prospect.\u00a0 <\/p>\n

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The recent discovery is located immediately north of a series of low hills that are capped in places by Fortescue Group gold-bearing conglomerates<\/p>\n<\/blockquote>\n<\/figure>\n

The recent discovery is located immediately north of a series of low hills that are capped in places by Fortescue Group gold-bearing conglomerates.<\/p>\n

Novo believes these conglomerates were once far more extensive in this area and that as they eroded away, gold was reworked into the modern gravel terrace.<\/p>\n

\u201cWe are starting to see a pattern of gravel gold distribution that appears robust around Egina. Recently discovered broad gold-bearing swales discovered at Paradise likely tie back to areas further south,” Quinton Hennigh, Novo’s president said in a media release.<\/p>\n

“This implies we have a network of swales nearly 10 km wide and 17 km from south to north to further explore around Egina, a small part of our large land holdings across the expansive terrace,” Hennigh added. <\/p>\n

On Tuesday afternoon, Novo\u2019s stock was down 0.3% on the TSXV. The company has a C$635 million market capitalization. <\/p>\n","protected":false},"excerpt":{"rendered":"

Earlier this month, Novo recommenced its exploration program at Egina and identified another gold-bearing channel.<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1186558"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1186558"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1186558\/revisions"}],"predecessor-version":[{"id":1186559,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1186558\/revisions\/1186559"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1186558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1186558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1186558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}