Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) executive co-chair and acting CEO Mike Spreadborough joins Proactive’s Tylah Tully to discuss the company’s progress at the Belltopper Gold Project in Victoria, within the gold-rich Bendigo Tectonic Zone, around 50 kilometres south-southwest of the Fosterville Gold Mine.
Novo has defined an exploration target through geological modelling of priority target reefs, integrating results from the current 2024 drilling program to update a 3D model of priority target reefs at Belltopper.
The target is based on seven reefs that demonstrate high prospectivity, supported by current geological and drilling data, along with historical records. The project’s geology model indicates a range of mineralisation styles, presenting multiple high-priority, drill-ready targets. The Belltopper project, located in a tier-one gold region, is considered a high-grade gold opportunity by the company.
Novo Resources recently completed a six-hole, 2,529-metre diamond drill program in the second quarter this year, which revealed the project’s potential for both intrusion-hosted and Fosterville-style mineralisation. The company aims to expand the exploration target by systematically testing both shallow and deep high-priority targets in future drilling programs.
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