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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF | T.NVO.W.A

Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Post by WisGuy1on Oct 21, 2021 11:23am
207 Views
Post# 34032732

@Tradeahead

@Tradeahead
This is a find of significance, because;
 
1) it is open in all directions
2) the average grade is higher than BC
3) because it is not, seemingly, a non-linear gold distribution, but rather another type of geology altogether
4) 3 km from NLP plant (Wrong historical mine working @IslandLogger! -unless my charts are defective)
5) Cost reducing relative to NVOs present resource
6) Grade increasing
7) Fully permitted
8) "Easy" to make a 43-101, if I am not mistaken, due to linear distribution
9) More structured to deal with than non-linear distributions
10) We are told we can await a blizzard of NRs with drill results, in the vicinity of the mine
11) A 43-101 expansion would increase NVOs value, and attract a new type of investor
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