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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 5,500 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. 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 a lithium joint venture with SQM Australia Pty Ltd (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 paulindoonon Aug 17, 2017 7:22am
267 Views
Post# 26590747

RE:1.1 Billion Ozs of Au and more...

RE:1.1 Billion Ozs of Au and more...I'm sure, Docmz2, that you are just trying to point out the "whole" possible "blue sky" potential, but it seems to me an incorrect conclussion to assign 12gpt to the whole geographical area for the drill/assays results from that one hole. Noted from numerous, no really all, exploration companies, that ore concentration varies a lot from hole to hole and depth of hole. Having said that, I see yr point.

Minor correction in yr math: 1 Troy ozs equals 31.103gms not 28.35 used in yr calculations- this would reduce the final amount to 1.01B oz. Still a huge amount none-the-less.
Bullboard Posts