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 wwadehammeron Jun 23, 2018 9:27pm

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Post# 28219481

RE:RE:RE:RE:RE:Raglan Drilling Lecture

Rhino10 wrote: Novo put 30,000 tonnes through and spent millions and never produced an ounce of gold.

Rhino, Novo only processed 9,680 tons of Beaton's Creek material thru their small gravity plant with a resulting head grade of 1.88 gpt. That works out to around 595 ounces worth around $1 million in Canadian. Don't know what they did with the gold - maybe they still have it, but you're right, they didn't sell it and report it as income, but Novo did produce it.

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle