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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 31, 2017 12:07pm
253 Views
Post# 26529016

RE:Upcoming Bulk Sample

RE:Upcoming Bulk Sample If you believe the early posts from prospectors in the area the nuggets are widespread and relatively consistent.  Consistency and continuity need to be proven.  Some are confident it will be proven so the stock is $2.50 and not $1.  Some doubt it could be true so the stock is $2.50 and not $5.  As John Kaiser said, we are at a stage where early investors will either get rich or feel foolish for believing in this too good to be true scenario.

QH said they are dealing with a new type of mineralization.  If this is some form of Wits with big nuggets involved then this will indeed be the discovery of the century as John Kaiser has said.
Proving consistency is the immediate challenge.  Wonder if it's possible to take a bulk multi cubic metre sample every 300m and run it through a mine recovery type process.  Expensive but there is gold recovery to help offset the cost.

I am holding through this expected volatility as I believe this will be proven to be something big.  Bigger than $3 per share but how big I don't know.  Everyone has their eye on the assay results but there could be other surprises or endorsements that could leave you behind.

Goldstd69:  Don't believe Novo thinks this is a vein system.

Bullboard Posts

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