After signing a determination wide Aboriginal heritage protection agreement, Novo Resources (ASX:NVO) is now set to conduct exploration work, targeting the Bamboo and Miralga projects in the East Pilbara region of Western Australia.
Under the agreement between Novo and the Nyamal Aboriginal Corporation, Novo is able to conduct non-ground disturbing surface works, including mapping and surface geochemistry.
A cultural heritage site avoidance survey took place on 6 and 7 August 2024, to enable drill testing. A final report is expected later this month.
Novo Resources, which has a market capitalisation of $40.78 million, says the agreement also provides for compensation payments for the benefit of the Traditional Owners, which are customary and in line with normal commercial terms for similar agreements of this nature.
Acting CEO Mike Spreadborough says the terms of this agreement attest to the relationship Novo has with the Nyamal People.
“We are pleased to have reached an agreement with the Nyamal Aboriginal Corporation and thank them for their ongoing support of Novo and our exploration endeavours on their land,” Spreadborough says.
“Novo looks forward to advancing its exploration in the region, as we continue key activities across the priority Bamboo and Miralga projects.”
The company has begun surface mapping and sampling at the Miralga Project, following up on porphyry-style and intrusion-related targets generated from historical data and reconnaissance work in 2021.
Miralga lies 30km west of Marble Bar and has three prospective targets that were investigated in the field. Two of the targets require follow-up work, dubbed Gully Washer and Shady Camp West.
The Bamboo and Strattons projects lie 60km east of Marble Bar and have several gold anomalous zones.
Additional mapping, alteration studies, and surface soil and rock chip sampling is planned for this quarter to better delineate “high-grade” mineralisation defined to date, to close off existing soil anomalism, to follow-up the highly anomalous stream sediment sample and to understand the scope of the broader intrusion related target.
Novo Resources is an Australian-based gold explorer focused on discovering standalone gold projects with more than a 1 million ounce development potential.
Write to Aaliyah Rogan at Mining.com.au
Images: Novo Resources
