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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Bullboard Posts
Comment by crystalmethodon Sep 26, 2013 4:49pm
355 Views
Post# 21771047

RE:Novo v.s. Ginguro Exploration. Striking similarities?

RE:Novo v.s. Ginguro Exploration. Striking similarities?
Both appear to be in mining friendly locations.

Both have blue sky potential.

What else am I missing?


Here's a few pro's for Hennigh's vehicle......share structure is tighter with NVO and inside ownership is higher amongst mgnt. I can't speak to the underlying geology and which area holds the greater potential, but NVO is further along in the exploration cycle having a modest resource outlined. Imo they have a much clearer strategy going fwrd in terms of future exploration plans (20K meters follow-up drilling)......and are nicely cashed up with no need to finance. Bob Moriarty DOES lend promotional push to the project. Some might say Quinton Hennigh's involvement ranks top of the list.

Not to knock GEG's potential, but the picture there is a bit less clear.
Bullboard Posts