Lithium-Tantalum Mineralization Identified In Kurrana Pegmatite Swarm

VANCOUVER - Novo Resources Corp. reported significant lithium assay results from reconnaissance mapping and sampling of the Kurrana Pegmatite Swarm in the Nullagine District of Western Australia. The Kurrana Pegmatite Swarm is a 16 kilometer trend hosting LCT pegmatites some 2 km to 5 km north of the Kurrana Granitic Complex (comprising 3.38 - 3.18 Ga Golden Eagle Orthogneiss and a monzogranite of the 2.89 – 2.83 Ga Bonney Downs Granite) along the contact with the Mosquito Creek Basin. Significant Li-Ta potential has been identified along this trend within the Kurrana Pegmatite Swarm, with recently completed reconnaissance exploration programs defining over 200 pegmatites with numerous geometries and various sizes, some with up to 40% lepidolite.

The Quartz Hill project was acquired from the Creasy Group in 20201 and is located south of Novo’s Nullagine gold project. Early exploration programs completed by the Creasy Group on Li-Ta prospectivity identified two zones of anomalism in soil sampling and stream sediment sampling across an approx. 16 km trend. Peak rock chip results returned high grades in lepidolite rich samples including 3.36% Li2O, 22 ppm Ta2O5 and 1.14% Li2O, 916.8 ppm Ta2O5.

The western sector of the coincident Li - Ta trend was tested by the Creasy Group with RC drilling in 2019. However, the program of 25 holes scattered over 11km of strike returned disappointing results, in 4 m composite sampling, with the best assay results of 4m @ 0.4 % Li2O from 72-76 m.