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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
Post by Blazesbon Aug 08, 2017 8:08pm
690 Views
Post# 26558848

Bob Moriarty comments

Bob Moriarty comments
On August 8, 2017 at 2:49 pm,
Robert Moriarty says:
BB:
Brent Cook and I went to see the property last week. It was pretty incredible. In the end the real story is the fact that Quinton Hennigh alone understood the meaning of massive gold in conglomerates. It’s not a new story, I brought back with me excerps from a geological survey first printed in 1909.
The gold style is unique. It is paleo placer in the form of nuggets but not from a hard rock source. Brent Cook has done a brilliant writeup on it for his readers. It’s going to be big but with only one assay, it’s probably a little early to be calling it a billion ounce deposit. I do expect the shares to correct but have no idea of where they will either correct from or to.
This is the biggie that is going to light up the resource market, it is the Voisey’s Bay of this cycle and it’s going to go a whole lot higher. After we have a lot more data.
 
Bullboard Posts