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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

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

Bullboard Posts
Comment by Novo2018on Jul 31, 2017 12:45pm
270 Views
Post# 26529226

RE:RE:Upcoming Bulk Sample

RE:RE:Upcoming Bulk Sample On several interviews Dr. Hennigh has talked about how there are holes dug by detectorists spread out continuously along the 8 km strike zone identified. They have pulled thousands of ounces of gold from this area. That is what gives you good confirmation of continuity. The metal detectors can only detect gold down to about 0.5 meter which is in the soil which has been eroded from the conglomerates below. Since the detectorists can not use anything other than hand tools, and they can't detect deeper, the rest of the nuggets remain buried. So if there is a stack of 10 or so layers of conglomerate then most of the gold is still there. Additionally, the layers dip down so only a small portion is exposed at surface and available for surface detection.
Bullboard Posts