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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 sonofeion Jul 27, 2017 11:47am
165 Views
Post# 26516665

RE:Wits or Twits , we will be one or the other !

RE:Wits or Twits , we will be one or the other !
Goaweigh wrote: But while we wait for the answer I'd like to know why they decided to test this one  2 X 2 meter area
and not some other 2 X 2 meter area and the sample, is it scientific, did they take a cross section of the entire 2 X 2 area or just chisel out the areas that made the biggest noise on the gold - o - meter ?
If that's the case then we could get a massive hit but would it be representitive, of course not but it will be fun no doubt.
The sooner they get that machinery working and cutting decent trenches the better and if we get great results from that then the whole world will come to this party no doubt.
Until then I think this play will be in the hands of the worlds punters and while that's ok I just can't take on too much risk at this point, we need some good science on this ASAP.


Quinton Hennigh has a proven record and would not purposely skew the sample.  If the sample assays are very strong then many will wonder if it is representative of the whole 8km.  Some who have been to that ground say the gold is widespread and in high concentration.  My thought is the gold will be in the 8km. My only question is if gold runs for many more km other than the exposed conglomerate and becomes the next Wits.  What's the value of 8km of gold?  John Kaiser seems to think $5-10 and $50-100 if it's the next Wits.  In the days when the gold junior market was hot everyone would be saying this is the next Wits, today so many are wondering how this could fail
Bullboard Posts

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