Becher Area Mineralisation Expands With More Standout Results

 

• Reverse circulation (“RC”) drilling has commenced in the Becher Area, with two rigs now testing prospects within 216 sq km of highly prospective, under-explored Mallina Basin geology on the Egina Project along trend from De Grey Mining Limited’s Hemi Gold Deposit.
• Standout gold results received from aircore (“AC”) drilling at the Irvine prospect, including 4 m @ 4.02 g/t Au from 8 m, with numerous intercepts > 0.1 g/t gold.
• A broad 100 m to 250 m wide intense quartz-veined alteration zone has been identified at the Lowe prospect across two 320 m spaced AC drill lines, extending beyond 500 m in strike length (awaiting assays).
• At the Irvine prospect, which contains previously reported assays in AC drilling of 20 m @ 0.67 g/t Au, the first 12 RC drill holes totalling 1,109 m have intersected numerous zones of veining and alteration with sulphide. These RC samples are prioritised for assaying.
• Two follow up AC drill lines, southwest on the Irvine Shear corridor, have extended the strike of the alteration zone to over 1.5 km.
• The systematic AC program in the Becher Area to date includes over 1,120 shallow holes for more than 26,500 m of the > 30,000 m program, on 26 drill lines and continues to generate exciting new targets. Gold assays have been received for over half of the aircore program.
• AC and RC drilling programs will be suspended during the wet season from mid-December 2022 to March 2023.
  

Novo’s Executive Co-Chairman and acting Chief Executive Officer, Mike Spreadborough said, “We are very pleased with the progress we have made on the drilling program so far and are looking forward to further results from follow-up drilling in the first half of 2023, when drilling will also commence at the Nunyerry North prospect.”

“The success of the current drilling program in the Beacher Area, combined with previously reported results from Nunyerry North, reconfirm the potential of the Egina District to support a standalone operational hub.”

https://www.globenewswire.com/NewsRoom/AttachmentNg/19994a6c-93d9-400d-800d-38f6fd991b08
AC drill traverse at Heckmair Prospect, Becher Area.

VANCOUVER, British Columbia, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on the Company’s aggressive exploration program in the Egina District within Novo’s 10,500 sq km Pilbara exploration portfolio (Figure 1).

A comprehensive drilling program is systematically testing high-priority structural and intrusive-related gold prospects within the wider Becher Area (Figure 2). At present two drill rigs are now committed to the program.

To date over 1,120 holes for some 26,500 m of a planned >30,000 m regional AC drill program in 2022 are complete and a deeper targeted RC drilling program has commenced. The RC drilling program will test targets identified from the regional AC drilling program.

The Becher Area drilling program will be suspended during the wet season from mid-December 2022 to early March 2023.

A heli-supported mapping, soil and rock chip sampling program has been recently completed at Nunyerry North (Figure 2), located approximately 80 km south of the Becher Area, to follow up previous exploration results¹. This program was completed in preparation for drill targeting in Q2-2023, with assay results still to come

Results referred to in this news release are not necessarily representative of mineralisation throughout the Egina District.

https://www.globenewswire.com/NewsRoom/AttachmentNg/7d63cceb-b690-4905-ae83-8e0b63c7f9cc
Figure 1: Map of the Novo Resources’ 10,500 sq. km exploration tenement portfolio in the Pilbara Western Australia.

https://www.globenewswire.com/NewsRoom/AttachmentNg/8f57b9c2-05ea-4a18-9ffd-77a53cdcc58e
Figure 2: Map of the Egina District tenements showing priority prospects, including the Becher Area in the north and Nunyerry North in the south.

EGINA DISTRICT

Becher Area

The Becher Area (northern E47/3673, 100%-owned by Novo) is located ~28 km to the WSW of De Grey’s Hemi gold deposit² and contains multiple high-priority, orogenic gold targets in the prospective under-explored Mallina Basin.

All priority 1 holes from the current AC drilling program will be completed prior to suspension of the program in mid-December 2022. The program will recommence in March 2023 post the wet season.

The drill program is systematically testing multiple structural and intrusive targets along a series of interpreted significant shear corridors, including the ENE trending Irvine and Bonatti Shears and the EW trending Whillans and Heckmair Shears. The AC drilling program commenced in early September 2022, with over 1,120 holes for 26,500 m completed to date. Drill holes are relatively shallow, averaging approximately 26m. A minimum of 30,000 m of priority 1 AC drilling had been planned for 2022, however Novo expects to exceed this. The program was designed to test four shear corridors and numerous sanukitoid targets, as well as historical drilling results and antimony-arsenic-gold soil anomalies defined by previous explorers¹. To date, regional drill traverses at approximately 640 m line spacing and 25 m hole spacings have been completed across the Irvine Shear, the Whillans Shear and the Heckmair Shear, with the AC drilling rig now focussing on the northeast at the Lowe Prospect. Gold assays have been received for over half of the AC program.

https://www.globenewswire.com/NewsRoom/AttachmentNg/d66acadd-a771-4be5-9b28-95feba22cdf3
Figure 3: Becher target area showing the position of the De Grey Hemi gold discovery (JORC 2012) to the east-northeast of the Becher Area along the interpreted fertile corridor; background aeromagnetic greyscale mosaic; Novo tenure outlined in green. The De Grey Hemi gold discovery is not necessarily representative of mineralization throughout the Egina District.

https://www.globenewswire.com/NewsRoom/AttachmentNg/55ad81f7-889f-4685-9edc-06ec0e309105
Figure 4: Map showing progress of AC and RC drilling to date, aeromagnetic greyscale mosaic and structural interpretation. The blue AC holes and red RC holes are completed whilst planned holes are in black.

Best new intercepts from drilling in the Heckmair area include:

• 8m @ 2.13g/t Au from 8m (including 4m @ 4.02g/t Au from 8m) (F0632)
• 4 m @ 0.4 g/t Au from 12 m (F0738)
• 4 m @ 0.17 g/t Au from 12 m (F0739)
• 4 m @ 0.17 g/t Au from 12 m (F0740)
• 4 m @ 0.23 g/t Au from 0 m (F0748)
• 4 m @ 0.35 g/t Au from 12 m (F0756)
• 4 m @ 0.32 g/t Au from 12 m (F0760)
• 8 m @ 0.23 g/t Au from 8 m (F0761)

All anomalous results are recorded in Table 2 in the Appendix. True widths cannot be estimated at this time.

Irvine Shear Corridor/Irvine Target

RC drilling has commenced at Becher, with 1,109 m in 12 holes completed to date. The first drill section was targeted to progress previous exciting AC results within the Irvine Shear corridor, which contained 20 m @ 0.67 g/t Au¹. The drill holes have intersected numerous zones of intense alteration with quartz veining and some sulphidic zones. These RC samples will be prioritized for assay. Twenty-two priority 1 RC holes remain to be drilled.

https://www.globenewswire.com/NewsRoom/AttachmentNg/f3cb87c2-94fa-4205-9821-af2b0236e34a
Figure 5 Southern Irvine Shear Corridor - AC and RC drilling update. Results from AC sampling to date displayed as maximum downhole Au (g/t) in hole.

https://www.globenewswire.com/NewsRoom/AttachmentNg/9ad49def-e5b6-4daa-92cb-91c033c92b88
Figure 6: RC drilling traverse from the southern Irvine Shear Corridor.

In addition, two AC drill lines have also been completed further west-southwest on the southern Irvine Shear corridor, extending the strike continuity of the alteration intersected previously (trend now >1.5 kms).

Best intercepts previously reported on the Irvine Shear include:

• 6 m @ 0.15 g/t Au from 24 m (A0028)
• 12 m @ 0.16 g/t Au from 12 m (A0029)
• 8 m @ 0.22 g/t Au from 4 m (A0033)
• 20 m @ 0.67 g/t Au from 0 m (A0034);
• 12 m @ 0.24 g/t Au from 0 m (A0035)
• 6 m @ 0.21 g/t Au from 24 m (A0038)

Refer to Appendix 1 below for a complete list of assay results. True widths cannot be estimated at this time.

Nunyerry North

The geology of the Nunyerry North target area includes quartz vein-related gold mineralization within a sequence of ultramafic komatiites and mafic rocks, juxtaposed by regional shears and offset faults. Novo’s exploration licence 47/2973 is 70%-owned, with the remaining 30% held by Mark Creasy and entities controlled by him.

Follow up heli-supported mapping, soil and rock chip sampling have recently been completed at Nunyerry North (assays pending), which is also located within the Egina District and approximately 80 km south of Becher. This program was completed in preparation for drilling targeting in Q2-2023.

Nunyerry North hosts a 1.4 km long, high-order surface soil anomaly, where rock chip sampling in 2021 returned peak high-grade results from quartz veins including 30.3 g/t Au, 21.1 g/t Au and 9 g/t Au; with additional sampling in 2022 delivering 8.81 g/t Au and 7.39 g/t Au¹. In addition, specimen gold has been detected in the main target area¹. Follow-up work planned includes heritage surveys and logistics for road access in preparation for drilling in 2023.

https://www.globenewswire.com/NewsRoom/AttachmentNg/d3df42cd-9e23-4f98-977d-2ffd5d140449
Figure 7: Close up of high-grade quartz veins at Nunyerry North. Multiple sheeted shallow dipping quartz veins have formed at the contact of a shear zone and brittle high MgO basalt.

ANALYTIC METHODOLOGY

Four-metre composite samples of AC chips were sent to Intertek Genalysis (“Intertek”) in Perth, Western Australia with the entire sample smart crushed to -3mm (NVO02 prep code), with a 500 g split sample analysed for gold using Photon Assay (PHXR/AU01). An additional bottom hole sample from each drill hole (1 to 4 m composite representing rock from the bottom of the drill hole) was assayed using four acid digest and 50 g charge fire assay FA50/OE and for 48 multielement using four acid digest – MS finish (4A/MS) – results are pending.

QAQC procedures to date include insertion of a certified blank approximately every 25 samples (4 per hundred) and duplicate sampling (split of 4m composite) at the rate of 4 per hundred. Intertek inserts customized Chrysos certified standards at the rate of 2 per hundred.

RC holes G0001 to G00012 (inclusive) (cyclone split 1 m samples) were sent to Intertek Perth, Western Australia with the entire sample smart crushed to -3 mm (NVOO2 prep code), with a 1000 g split sample (2 jar photon assay) analysed for gold using photon assay (PHXR/AU01). QAQC for RC samples are inserted at the rate of 4 standards per 100, 4 blanks per 100 and 4 riffle split duplicates per 100, providing a total of 12% QAQC.

There were no limitations to the verification process and all relevant data was verified by a qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by reviewing analytical procedures undertaken by Intertek.

QP STATEMENT

Mr. Iain Groves (MAIG), is the qualified person, as defined under NI 43-101, responsible for, and having reviewed and approved, the technical information contained in this news release. Mr. Groves is Novo’s Exploration Manger – West Pilbara.

ABOUT NOVO

Novo explores and develops its prospective land package covering approximately 10,500 square kilometres in the Pilbara region of Western Australia, including the Beatons Creek gold project, along with two joint ventures in the Bendigo region of Victoria, Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.

On Behalf of the Board of Directors,

Novo Resources Corp.
“Michael Spreadborough”
Michael Spreadborough
Executive Co-Chairman and Acting CEO

Forward-looking information

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, planned exploration activities across the Becher Area and Nunyerry North in Western Australia as climactic conditions dictate, and that certain drill cores will be prioritized for assay. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the resource industry and the risk factors identified in Novo’s management’s discussion and analysis for the nine-month period ended September 30, 2022, which is available under Novo’s profile on SEDAR at www.sedar.com. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

APPENDIX 1:

Table 1: Becher Area - AC drilling location data.

HOLE ID	COORDSYS	EASTING	NORTHING	RL	AZIMUTH	DIP	TYPE	DEPTH	LEASE
F0696	MGA94_50	618799.2	7684534.4	62.28	180	-60	AC	8	E47/3673
F0697	MGA94_50	618799.0	7684560.1	62.23	180	-60	AC	7	E47/3673
F0698	MGA94_50	618799.1	7684584.4	62.30	180	-60	AC	12	E47/3673
F0699	MGA94_50	618799.0	7684634.7	62.27	180	-60	AC	12	E47/3673
F0700	MGA94_50	618801.4	7684685.9	58.14	180	-60	AC	17	E47/3673
F0701	MGA94_50	618801.4	7684735.9	58.15	180	-60	AC	17	E47/3673
F0702	MGA94_50	618801.4	7684785.9	57.52	180	-60	AC	18	E47/3673
F0703	MGA94_50	618801.4	7684835.9	57.46	180	-60	AC	16	E47/3673
F0704	MGA94_50	618801.4	7684885.9	57.51	180	-60	AC	21	E47/3673
F0705	MGA94_50	618801.4	7684910.9	57.51	180	-60	AC	21	E47/3673
F0706	MGA94_50	618801.4	7684935.9	57.56	180	-60	AC	24	E47/3673
F0707	MGA94_50	618801.4	7684960.9	57.68	180	-60	AC	25	E47/3673
F0708	MGA94_50	618801.4	7684985.9	57.68	180	-60	AC	30	E47/3673
F0709	MGA94_50	618801.4	7685010.9	57.66	180	-60	AC	30	E47/3673
F0710	MGA94_50	618801.4	7685035.9	57.45	180	-60	AC	15	E47/3673
F0711	MGA94_50	618801.4	7685060.9	57.36	180	-60	AC	11	E47/3673
F0712	MGA94_50	618801.4	7685085.9	57.19	180	-60	AC	14	E47/3673
F0713	MGA94_50	618801.4	7685110.9	57.05	180	-60	AC	25	E47/3673
F0714	MGA94_50	618801.4	7685135.9	56.88	180	-60	AC	34	E47/3673
F0715	MGA94_50	618801.4	7685160.9	56.78	180	-60	AC	33	E47/3673
F0716	MGA94_50	618801.4	7685185.9	56.71	180	-60	AC	30	E47/3673
F0717	MGA94_50	618801.4	7685210.9	56.68	180	-60	AC	21	E47/3673
F0718	MGA94_50	618801.4	7685235.9	56.66	180	-60	AC	30	E47/3673
F0719	MGA94_50	618801.4	7685260.9	56.66	180	-60	AC	30	E47/3673
F0720	MGA94_50	618801.4	7685285.9	56.62	180	-60	AC	21	E47/3673
F0721	MGA94_50	618801.4	7685310.9	56.66	180	-60	AC	21	E47/3673
F0722	MGA94_50	620081.4	7684960.9	57.76	180	-60	AC	22	E47/3673
F0723	MGA94_50	620081.4	7684985.9	57.79	180	-60	AC	18	E47/3673
F0724	MGA94_50	620081.4	7685010.9	57.86	180	-60	AC	21	E47/3673
F0725	MGA94_50	619441.4	7684085.9	59.59	180	-60	AC	14	E47/3673
F0726	MGA94_50	619441.4	7684110.9	59.55	180	-60	AC	21	E47/3673
F0727	MGA94_50	619441.4	7684135.9	59.54	180	-60	AC	24	E47/3673
F0728	MGA94_50	619441.4	7684160.9	59.55	180	-60	AC	21	E47/3673
F0729	MGA94_50	619441.4	7684185.9	59.56	180	-60	AC	27	E47/3673
F0730	MGA94_50	619441.4	7684210.9	59.48	180	-60	AC	24	E47/3673
F0731	MGA94_50	619441.4	7684235.9	59.57	180	-60	AC	33	E47/3673
F0732	MGA94_50	619441.4	7684260.9	59.50	180	-60	AC	30	E47/3673
F0733	MGA94_50	619441.4	7684285.9	59.37	180	-60	AC	27	E47/3673
F0734	MGA94_50	619441.4	7684310.9	59.27	180	-60	AC	30	E47/3673
F0735	MGA94_50	619441.4	7684335.9	59.21	180	-60	AC	21	E47/3673
F0736	MGA94_50	619441.4	7684360.9	59.08	180	-60	AC	21	E47/3673
F0737	MGA94_50	619441.4	7684385.9	59.08	180	-60	AC	21	E47/3673
F0738	MGA94_50	619441.4	7684410.9	59.13	180	-60	AC	21	E47/3673
F0739	MGA94_50	619441.4	7684435.9	59.07	180	-60	AC	21	E47/3673
F0740	MGA94_50	619441.4	7684460.9	59.17	180	-60	AC	21	E47/3673
F0741	MGA94_50	619441.4	7684485.9	59.11	180	-60	AC	21	E47/3673
F0742	MGA94_50	619441.4	7684510.9	59.03	180	-60	AC	21	E47/3673
F0743	MGA94_50	619441.4	7684535.9	59.00	180	-60	AC	25	E47/3673
F0744	MGA94_50	619441.4	7684560.9	59.00	180	-60	AC	21	E47/3673
F0745	MGA94_50	619441.4	7684585.9	59.00	180	-60	AC	24	E47/3673
F0746	MGA94_50	619441.4	7684610.9	59.00	180	-60	AC	33	E47/3673
F0747	MGA94_50	619441.4	7684660.9	58.82	180	-60	AC	27	E47/3673
F0748	MGA94_50	619441.4	7684710.9	58.41	180	-60	AC	39	E47/3673
F0749	MGA94_50	619441.4	7684735.9	58.36	180	-60	AC	24	E47/3673
F0750	MGA94_50	619441.4	7684760.9	58.36	180	-60	AC	21	E47/3673
F0751	MGA94_50	619441.4	7684785.9	58.35	180	-60	AC	14	E47/3673
F0752	MGA94_50	619441.4	7684810.9	58.33	180	-60	AC	12	E47/3673
F0753	MGA94_50	619441.4	7684835.9	58.25	180	-60	AC	14	E47/3673
F0754	MGA94_50	619441.4	7684860.9	58.25	180	-60	AC	24	E47/3673
F0755	MGA94_50	619441.4	7684885.9	58.33	180	-60	AC	24	E47/3673
F0756	MGA94_50	619441.4	7684910.9	58.41	180	-60	AC	33	E47/3673
F0757	MGA94_50	619441.4	7684935.9	58.45	180	-60	AC	42	E47/3673
F0758	MGA94_50	619441.4	7684960.9	58.38	180	-60	AC	21	E47/3673
F0759	MGA94_50	619441.4	7684985.9	58.13	180	-60	AC	21	E47/3673
F0760	MGA94_50	619441.4	7685010.9	58.03	180	-60	AC	18	E47/3673
F0761	MGA94_50	619441.4	7685035.9	57.98	180	-60	AC	39	E47/3673
F0762	MGA94_50	619441.4	7685060.9	57.85	180	-60	AC	21	E47/3673
F0763	MGA94_50	619441.4	7685085.9	57.79	180	-60	AC	30	E47/3673
F0764	MGA94_50	619441.4	7685110.9	57.80	180	-60	AC	30	E47/3673
F0765	MGA94_50	618801.4	7685084.0	57.19	180	-60	AC	19	E47/3673
F0766	MGA94_50	618801.4	7685162.0	56.78	180	-60	AC	51	E47/3673
F0767	MGA94_50	618801.4	7685075.0	57.36	180	-60	AC	12	E47/3673
F0768	MGA94_50	618161.4	7683960.9	60.39	180	-60	AC	21	E47/3673
F0769	MGA94_50	618161.4	7683985.9	60.24	180	-60	AC	21	E47/3673
F0770	MGA94_50	618161.4	7684010.9	60.16	180	-60	AC	21	E47/3673
F0771	MGA94_50	618161.4	7684035.9	60.11	180	-60	AC	21	E47/3673
F0772	MGA94_50	618161.4	7684060.9	60.00	180	-60	AC	27	E47/3673
F0773	MGA94_50	618161.4	7684085.9	59.85	180	-60	AC	21	E47/3673
F0774	MGA94_50	618161.4	7684110.9	59.68	180	-60	AC	39	E47/3673
F0775	MGA94_50	618161.4	7684135.9	59.64	180	-60	AC	21	E47/3673
F0776	MGA94_50	618161.4	7684160.9	59.64	180	-60	AC	21	E47/3673
F0777	MGA94_50	618161.4	7684185.9	59.61	180	-60	AC	21	E47/3673
F0778	MGA94_50	618161.4	7684210.9	59.54	180	-60	AC	33	E47/3673
F0779	MGA94_50	618161.4	7684235.9	59.54	180	-60	AC	21	E47/3673
F0780	MGA94_50	618161.4	7684260.9	59.55	180	-60	AC	21	E47/3673
F0781	MGA94_50	618161.4	7684285.9	59.57	180	-60	AC	24	E47/3673
F0782	MGA94_50	618161.4	7684310.9	59.59	180	-60	AC	39	E47/3673
F0783	MGA94_50	618161.4	7684335.9	59.57	180	-60	AC	21	E47/3673
F0784	MGA94_50	618161.4	7684360.9	59.50	180	-60	AC	27	E47/3673
F0785	MGA94_50	618161.4	7684385.9	59.41	180	-60	AC	18	E47/3673
F0786	MGA94_50	618161.4	7684410.9	59.31	180	-60	AC	24	E47/3673
F0787	MGA94_50	618161.4	7684435.9	59.34	180	-60	AC	21	E47/3673
F0788	MGA94_50	618161.4	7684460.9	59.23	180	-60	AC	21	E47/3673
F0789	MGA94_50	618161.4	7684485.9	59.21	180	-60	AC	21	E47/3673
F0790	MGA94_50	618161.4	7684510.9	59.43	180	-60	AC	36	E47/3673
F0791	MGA94_50	618161.4	7684535.9	59.14	180	-60	AC	21	E47/3673
F0792	MGA94_50	618161.4	7684560.9	58.95	180	-60	AC	21	E47/3673
F0793	MGA94_50	618161.4	7684585.9	58.77	180	-60	AC	21	E47/3673
F0794	MGA94_50	618161.4	7684610.9	58.78	180	-60	AC	21	E47/3673
F0795	MGA94_50	618161.4	7684635.9	58.71	180	-60	AC	20	E47/3673
F0796	MGA94_50	618161.4	7684660.9	58.72	180	-60	AC	15	E47/3673
F0797	MGA94_50	618161.4	7684685.9	58.51	180	-60	AC	18	E47/3673
F0798	MGA94_50	618161.4	7684710.9	58.34	180	-60	AC	18	E47/3673
F0799	MGA94_50	618161.4	7684735.9	58.28	180	-60	AC	14	E47/3673
F0800	MGA94_50	618161.4	7684760.9	58.17	180	-60	AC	25	E47/3673
F0801	MGA94_50	618161.4	7684785.9	58.21	180	-60	AC	8	E47/3673
F0802	MGA94_50	618161.4	7684810.9	58.21	180	-60	AC	19	E47/3673
F0803	MGA94_50	618161.4	7684835.9	58.15	180	-60	AC	22	E47/3673
F0804	MGA94_50	618161.4	7684860.9	58.12	180	-60	AC	5	E47/3673
F0805	MGA94_50	618161.4	7684885.9	58.06	180	-60	AC	22	E47/3673
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F0998	MGA94_50	629464.4	7685560.8	62.39	147	-60	AC	21	E47/3673
F0999	MGA94_50	629450.7	7685581.7	62.33	147	-60	AC	21	E47/3673
F1000	MGA94_50	629437.0	7685602.6	62.31	147	-60	AC	30	E47/3673
F1001	MGA94_50	629423.3	7685623.5	62.31	147	-60	AC	27	E47/3673
F1002	MGA94_50	629409.6	7685644.4	62.33	147	-60	AC	36	E47/3673
F1003	MGA94_50	629395.9	7685665.4	62.33	147	-60	AC	24	E47/3673
F1004	MGA94_50	629382.2	7685686.3	62.32	147	-60	AC	25	E47/3673
F1005	MGA94_50	629368.5	7685707.2	62.37	147	-60	AC	24	E47/3673
F1006	MGA94_50	629354.8	7685728.1	62.39	147	-60	AC	24	E47/3673
F1007	MGA94_50	629341.1	7685749.0	62.37	147	-60	AC	13	E47/3673
F1008	MGA94_50	629327.4	7685769.9	62.40	147	-60	AC	27	E47/3673
F1009	MGA94_50	629313.7	7685790.8	62.38	147	-60	AC	30	E47/3673
F1010	MGA94_50	629300.0	7685811.7	62.38	147	-60	AC	24	E47/3673
F1011	MGA94_50	629286.3	7685832.6	62.36	147	-60	AC	24	E47/3673
F1012	MGA94_50	629272.6	7685853.6	62.37	147	-60	AC	21	E47/3673
F1013	MGA94_50	629258.9	7685874.5	62.38	147	-60	AC	24	E47/3673
F1014	MGA94_50	629245.2	7685895.4	62.35	147	-60	AC	21	E47/3673
F1015	MGA94_50	629231.5	7685916.3	62.37	147	-60	AC	21	E47/3673
F1016	MGA94_50	629217.8	7685937.2	62.30	147	-60	AC	24	E47/3673
F1017	MGA94_50	629204.1	7685958.1	62.38	147	-60	AC	33	E47/3673
F1018	MGA94_50	629190.3	7685979.0	62.48	147	-60	AC	21	E47/3673
F1019	MGA94_50	629176.6	7685999.9	62.63	147	-60	AC	24	E47/3673
F1020	MGA94_50	629162.9	7686020.8	62.63	147	-60	AC	24	E47/3673
F1021	MGA94_50	629149.2	7686041.7	62.58	147	-60	AC	21	E47/3673
F1022	MGA94_50	629135.5	7686062.7	62.58	147	-60	AC	27	E47/3673
F1023	MGA94_50	629121.8	7686083.6	62.60	147	-60	AC	36	E47/3673
F1024	MGA94_50	629108.1	7686104.5	62.53	147	-60	AC	24	E47/3673
F1025	MGA94_50	629094.4	7686125.4	62.49	147	-60	AC	21	E47/3673
F1026	MGA94_50	629080.7	7686146.3	62.51	147	-60	AC	36	E47/3673
F1027	MGA94_50	629067.0	7686167.2	62.56	147	-60	AC	51	E47/3673
F1028	MGA94_50	629053.3	7686188.1	62.71	147	-60	AC	30	E47/3673
F1029	MGA94_50	629039.6	7686209.0	62.88	147	-60	AC	48	E47/3673
F1030	MGA94_50	629025.9	7686229.9	62.81	147	-60	AC	27	E47/3673
F1031	MGA94_50	629012.2	7686250.8	62.69	147	-60	AC	24	E47/3673
F1032	MGA94_50	628998.5	7686271.8	62.71	147	-60	AC	28	E47/3673
F1033	MGA94_50	628984.8	7686292.7	62.72	147	-60	AC	33	E47/3673
F1034	MGA94_50	628971.1	7686313.6	62.88	147	-60	AC	24	E47/3673
F1035	MGA94_50	628957.4	7686334.5	62.83	147	-60	AC	21	E47/3673
F1036	MGA94_50	628943.7	7686355.4	62.61	147	-60	AC	24	E47/3673
F1037	MGA94_50	628930.0	7686376.3	62.54	147	-60	AC	21	E47/3673
F1038	MGA94_50	628916.3	7686397.2	62.56	147	-60	AC	21	E47/3673
F1039	MGA94_50	628902.6	7686418.1	62.54	147	-60	AC	21	E47/3673
F1040	MGA94_50	628888.9	7686439.0	62.59	147	-60	AC	30	E47/3673
F1041	MGA94_50	628875.2	7686460.0	62.70	147	-60	AC	33	E47/3673
F1042	MGA94_50	628861.5	7686480.9	62.71	147	-60	AC	21	E47/3673
F1043	MGA94_50	628847.8	7686501.8	62.72	147	-60	AC	21	E47/3673
F1044	MGA94_50	628834.1	7686522.7	62.77	147	-60	AC	22	E47/3673
F1045	MGA94_50	628820.4	7686543.6	62.88	147	-60	AC	24	E47/3673
F1046	MGA94_50	628806.7	7686564.5	62.92	147	-60	AC	33	E47/3673
F1047	MGA94_50	629745.8	7685715.3	62.32	147	-60	AC	24	E47/3673
F1048	MGA94_50	629732.1	7685736.2	62.32	147	-60	AC	27	E47/3673
F1049	MGA94_50	629718.3	7685757.1	62.31	147	-60	AC	21	E47/3673
F1050	MGA94_50	629704.6	7685778.0	62.25	147	-60	AC	21	E47/3673
F1051	MGA94_50	629690.9	7685798.9	62.25	147	-60	AC	21	E47/3673
F1052	MGA94_50	629677.2	7685819.8	62.25	147	-60	AC	30	E47/3673
F1053	MGA94_50	629663.5	7685840.7	62.25	147	-60	AC	21	E47/3673
F1054	MGA94_50	629649.8	7685861.7	62.25	147	-60	AC	24	E47/3673
F1055	MGA94_50	629636.1	7685882.6	62.30	147	-60	AC	21	E47/3673
F1056	MGA94_50	629622.4	7685903.5	62.34	147	-60	AC	27	E47/3673
F1057	MGA94_50	629608.7	7685924.4	62.35	147	-60	AC	21	E47/3673
F1058	MGA94_50	629595.0	7685945.3	62.38	147	-60	AC	30	E47/3673
F1059	MGA94_50	629581.3	7685966.2	62.42	147	-60	AC	30	E47/3673
F1060	MGA94_50	629567.6	7685987.1	62.57	147	-60	AC	33	E47/3673
F1061	MGA94_50	629553.9	7686008.0	62.71	147	-60	AC	24	E47/3673
F1062	MGA94_50	629540.2	7686028.9	62.52	147	-60	AC	39	E47/3673
F1063	MGA94_50	629526.5	7686049.9	62.44	147	-60	AC	24	E47/3673
F1064	MGA94_50	629512.8	7686070.8	62.43	147	-60	AC	14	E47/3673
F1065	MGA94_50	629499.1	7686091.7	62.46	147	-60	AC	30	E47/3673
F1066	MGA94_50	629485.4	7686112.6	62.46	147	-60	AC	42	E47/3673
F1067	MGA94_50	629471.7	7686133.5	62.50	147	-60	AC	48	E47/3673
F1068	MGA94_50	629458.0	7686154.4	62.53	147	-60	AC	30	E47/3673
F1069	MGA94_50	629444.3	7686175.3	62.50	147	-60	AC	21	E47/3673
F1070	MGA94_50	629430.6	7686196.2	62.53	147	-60	AC	24	E47/3673
F1071	MGA94_50	629416.9	7686217.1	62.53	147	-60	AC	21	E47/3673
F1072	MGA94_50	629403.2	7686238.0	62.58	147	-60	AC	27	E47/3673
F1073	MGA94_50	629389.5	7686259.0	62.53	147	-60	AC	33	E47/3673
F1074	MGA94_50	629375.8	7686279.9	62.54	147	-60	AC	27	E47/3673
F1075	MGA94_50	629362.1	7686300.8	62.74	147	-60	AC	24	E47/3673
F1076	MGA94_50	629348.4	7686321.7	62.79	147	-60	AC	27	E47/3673
F1077	MGA94_50	629334.7	7686342.6	62.95	147	-60	AC	27	E47/3673
F1078	MGA94_50	629321.0	7686363.5	63.14	147	-60	AC	21	E47/3673
F1079	MGA94_50	629307.3	7686384.4	63.53	147	-60	AC	24	E47/3673
F1080	MGA94_50	629293.6	7686405.3	63.88	147	-60	AC	25	E47/3673
F1081	MGA94_50	629279.9	7686426.2	64.13	147	-60	AC	17	E47/3673
F1082	MGA94_50	629266.2	7686447.1	63.92	147	-60	AC	21	E47/3673
F1083	MGA94_50	629252.5	7686468.1	63.65	147	-60	AC	24	E47/3673
F1084	MGA94_50	629238.8	7686489.0	63.49	147	-60	AC	27	E47/3673
F1085	MGA94_50	629225.1	7686509.9	63.41	147	-60	AC	30	E47/3673
F1086	MGA94_50	630136.7	7685702.5	62.11	147	-60	AC	24	E47/3673
F1087	MGA94_50	630123.0	7685723.4	62.07	147	-60	AC	24	E47/3673
F1088	MGA94_50	630109.3	7685744.3	62.10	147	-60	AC	21	E47/3673
F1089	MGA94_50	630095.6	7685765.2	62.14	147	-60	AC	24	E47/3673
F1090	MGA94_50	630081.9	7685786.1	62.16	147	-60	AC	21	E47/3673
F1091	MGA94_50	630068.2	7685807.0	62.22	147	-60	AC	24	E47/3673
F1092	MGA94_50	630054.5	7685827.9	62.18	147	-60	AC	28	E47/3673
F1093	MGA94_50	630040.8	7685848.9	62.17	147	-60	AC	36	E47/3673
F1094	MGA94_50	630027.1	7685869.8	62.15	147	-60	AC	30	E47/3673
F1095	MGA94_50	630013.4	7685890.7	62.15	147	-60	AC	24	E47/3673
F1096	MGA94_50	629999.7	7685911.6	62.15	147	-60	AC	15	E47/3673
F1097	MGA94_50	629986.0	7685932.5	62.14	147	-60	AC	33	E47/3673
F1098	MGA94_50	629972.3	7685953.4	62.13	147	-60	AC	18	E47/3673
F1099	MGA94_50	629958.6	7685974.3	62.22	147	-60	AC	24	E47/3673
F1100	MGA94_50	629944.9	7685995.2	62.32	147	-60	AC	30	E47/3673
F1101	MGA94_50	629931.2	7686016.1	62.33	147	-60	AC	21	E47/3673
F1102	MGA94_50	629917.5	7686037.0	62.38	147	-60	AC	24	E47/3673
F1103	MGA94_50	629903.8	7686058.0	62.45	147	-60	AC	22	E47/3673
F1104	MGA94_50	629890.1	7686078.9	62.47	147	-60	AC	6	E47/3673
F1105	MGA94_50	629900.0	7686074.0	62.00	147	-60	AC	13	E47/3673
F1106	MGA94_50	629876.4	7686099.8	62.54	147	-60	AC	24	E47/3673
F1107	MGA94_50	629862.7	7686120.7	62.75	147	-60	AC	24	E47/3673
F1108	MGA94_50	629849.0	7686141.6	63.01	147	-60	AC	21	E47/3673
F1109	MGA94_50	629835.3	7686162.5	63.03	147	-60	AC	21	E47/3673
F1110	MGA94_50	629821.6	7686183.4	62.96	147	-60	AC	24	E47/3673
F1111	MGA94_50	629807.9	7686204.3	62.96	147	-60	AC	21	E47/3673
F1112	MGA94_50	629794.2	7686225.2	62.97	147	-60	AC	24	E47/3673
F1113	MGA94_50	629780.5	7686246.2	62.95	147	-60	AC	27	E47/3673
F1114	MGA94_50	629766.8	7686267.1	62.90	147	-60	AC	30	E47/3673
F1115	MGA94_50	629753.1	7686288.0	63.02	147	-60	AC	27	E47/3673
F1116	MGA94_50	629739.4	7686308.9	63.58	147	-60	AC	24	E47/3673
F1117	MGA94_50	629725.7	7686329.8	63.92	147	-60	AC	27	E47/3673
F1118	MGA94_50	629712.0	7686350.7	63.92	147	-60	AC	28	E47/3673
F1119	MGA94_50	629698.3	7686371.6	64.09	147	-60	AC	21	E47/3673
F1120	MGA94_50	629684.5	7686392.5	64.56	147	-60	AC	21	E47/3673
F1121	MGA94_50	629670.8	7686413.4	64.39	147	-60	AC	24	E47/3673
F1122	MGA94_50	619441.4	7685785.9	57.27	180	-60	AC	54	E47/3673

Table 2: Becher Area - RC drilling location data

HOLE ID	COORDSYS	EASTING	NORTHING	RL	AZIMUTH	DIP	TYPE	DEPTH	LEASE
G0001	MGA94_50	618801.4	7685165.9	56.76	180	-60	RC	120	E47/3673
G0002	MGA94_50	618801.5	7685225.9	56.65	180	-60	RC	102	E47/3673
G0003	MGA94_50	621100.2	7684308.3	65.97	147	-60	RC	60	E47/3673
G0004	MGA94_50	621086.5	7684329.2	67.16	147	-60	RC	100	E47/3673
G0005	MGA94_50	621079.3	7684352.9	68.66	147	-60	RC	102	E47/3673
G0006	MGA94_50	621067.2	7684376.3	67.71	147	-60	RC	96	E47/3673
G0007	MGA94_50	621048.4	7684423.8	66.46	147	-60	RC	96	E47/3673
G0008	MGA94_50	621034.7	7684444.7	65.55	147	-60	RC	84	E47/3673
G0009	MGA94_50	621021.0	7684465.6	65.78	147	-60	RC	80	E47/3673
G0010	MGA94_50	621007.3	7684486.5	65.17	147	-60	RC	80	E47/3673
G0011	MGA94_50	620993.6	7684507.4	64.59	147	-60	RC	84	E47/3673
G0012	MGA94_50	620950.3	7684538.9	63.00	147	-60	RC	105	E47/3673

Table 3: Becher Area – Key Drilling Intercepts

Hole ID	Depth From	Depth To	Au (g/t)	Width
F0724	8	12	0.14	4
F0738	12	16	0.4	4
F0739	12	16	0.17	4
F0740	12	16	0.17	4
F0744	12	16	0.12	4
F0747	12	16	0.11	4
F0748	0	4	0.23	4
F0755	12	16	0.12	4
F0756	12	16	0.35	4
F0757	28	32	0.1	4
F0759	12	16	0.11	4
F0760	12	16	0.32	4
F0761	8	16	0.23	8
F0762	12	16	0.14	4
F0764	8	16	0.12	8

 _________________

1 Refer to the Company’s news release dated September 6, 2022.
2 Refer to De Grey’s public disclosure record