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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 Redflameon Nov 27, 2017 10:09pm
391 Views
Post# 27043199

RE:Concerns

RE:Concerns Wow hammer, you just blew me away.  I remember the PR on the Novo bulk sample results:

"Given the extremely coarse nature of gold found in conglomerates at the Karratha gold project, Novo collected a trial bulk sample from the Purdy's Reward prospect to help establish sampling and assay protocols.  Mineralized conlomerate was collected from a 2x2meter exposure of bedrock at the bottom of a half-meter deep trench..."

Wow again - maybe  gold layer only 1/2 meter thick.  No wonder it sold off if people were expecting a billion ounces and now it might be millions if that.  With the gold bed being only .5 meters thick, at 2 ounces of gold per ton, every square kilometer would contain only 2.5 million ounces.  Oh wait, Novo has 7000 square kilometers down dip. OH darn that's only 17.5  billion ounces.  Yep sell if width is only .5 meters.  Might suck if you're Artemis though.

Not saying you're an idiot Hammer but maybe!!!!!
Bullboard Posts