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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
Post by elmoreno68on Aug 02, 2017 6:16am
311 Views
Post# 26536850

From 26 May News Release

From 26 May News Release"Novo will farm-in to 50% of the Gold Rights (as defined below) in Artemiss current and future tenements within 100km of Karratha (including at Purdys Reward, Weerianna, Carlow Castle, Nickol River) by expending AUD $2 million on exploration within two years of satisfying conditions precedent in the Farmin and JV Agreement (the Farmin Commitment)." Now, Artemis says that the newly found 14 km conglomerate horizon at MtOscarWits is 100% owned by Artemis and not subject to the earn-in JV agreement. The legal discussions have started. I am sure!!! However, Novo still holds the bulk of the land package with Wits potential. Artemis will not allow any exploration activities by Novo at MtOscarWits new discovery, I guess. elmoreno68
Bullboard Posts