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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 Novo2018on Oct 03, 2017 8:39pm
401 Views
Post# 26773212

Northern Star Resources and Novo

Northern Star Resources and NovoAnother possible play is Northern Star Resources (NST.AX; NESRF). Take a look at this map
from Chalice Gold Mines
https://files.newswire.ca/1014/Figure_1-CXN.PNG
Note that in the Wyloo Dome sits Paulsen's Gold Mine operated by Northern Star. See the NSR tenements outlined in red, and the Novo tenements outlined in green. They are adjacent to each other. Both contain areas of Mt Roe basalt. So perhaps NSR is sitting on gold-bearing conglomerates at the base of that Mt Roe basalt.
Northern Star Resources is very similar to Kirkland Lake Gold. It has a market cap of 2.9 billion ($AUD), produces about the same amount of gold, and has no debt. All its mines are in Australia.
https://www.nsrltd.com/
Bullboard Posts