Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

Novo Resources Corp

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Comment by Markedtofutureon Oct 14, 2017 9:41pm

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Post# 26814432

RE:RE:Portfolio allocation?

@Stocksluice " $DEG has announced a string of updates over the last few weeks. Importantly, Kirkland Lake Gold Ltd $KL, the mid-tier Canadian-listed gold producer has taken a 10% stake in DEG for $5m, with an option to take another 10% through exercise of 33.3m options at 20c. Secondly, DEG has announced the discovery of nuggets at the base of a slope with outcropping conglomerate below an exposure of Mt Roe Basalt. >>>>>This is the exact horizon that Novo/Artemis $NVO $ARV.AV have been deriving their nuggets from, with Novo suggesting that this horizon is the key to the discovery of the “Witwatersrand-style” gold occurrences in the Pilbara.<<<<< Thirdly, DEG has announced an increase in gold resources of 21% to take the combined gold resource to 1.2 million ounces over the Pilbara Gold Project." https://www.djcarmichael.com.au/news/2017/10/9/de-grey-mining-ltd-deg

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