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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 wwadehammeron Nov 24, 2017 12:45pm
248 Views
Post# 27026117

Thoughts

ThoughtsDe Gray and Artemis both down in U.S.  De Gray must look attractive to ES at $0.17 U.S.  QH must of told ES that estimating grade over a wide area with drilling would be difficult to impossible but that hasn't slowed ES from expanding his investment.  With over 60 diamond drill cores to analyse, you can bet that QH/ES are looking at an overall average.

Strange QH didn't ask for a trading halt.  Must have thought approval for 20,000 ton bulk sample would offset not being able to use RC drilling for sampling.

So Novo and Artemis will work out how and where to process 20,000 ton bulk sample.  Like to be a fly on the wall for that discussion.  Don't think QH/ES want to wait 9 months for Radio Hill  assuming they believe DL can get it up and running in that time.  Maybe DL doesn't want to wait that long also.

Agree with the posts that say diamond drill holes cores are being sliced and assayed.  QH confirms that in his recent interview with Proven & Probable in Karratha at the 10:45 mark.  TX, who told you or how did you find out the samples went to England?

If the diamond drill hole samples were good, I don't know why they wouldn't release them.  After all, the big run up started with the release of a 200 lb bulk sample.  You would think that 60 holes would come up with a few big hits.  Of course, they might not be good.




 
Bullboard Posts