Novo Resources (TSX:NVO, ASX:NVO) is set to begin a 2,700-metre reverse circulation (RC) drilling program at the Clone prospect within its Tibooburra Gold Project in New South Wales, targeting extensions of high-grade gold mineralisation. The campaign follows up on 2025 drilling that returned 12 metres at 5.9 grams per tonne gold from near surface, and will focus on tracking the mineralised system to the north and testing its down-plunge continuation at depth. The broader Albert Goldfield spans about 30 kilometres of strike, but much of it has seen little modern exploration, and faulting and cross-cutting structures also need to be understood. Novo holds 70% of a joint venture with Manhattan Gold Corporation Ltd, where it is operator, and is running regional stream sediment, rock-chip and soil sampling to identify new drill targets for 2027.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 11/03/2026 | 3,930.22 |
| Change that session | -0.42% |
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