Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

Novo Resources Corp

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Post by lotionboyon Nov 19, 2017 1:26pm

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The whole reason I participated in the Novo tour was understand just how extensive this gold deposit is and to talk direct to the guys on the ground and in management and to see it with my own eyes. The Purdy's trenches are littered with watermelon seed nuggets and Comet Well is possibly littered more so with watermelon seed nuggets as well. They were detected within seconds and produced on demand from any point we chose from the conglomerate layers.

Below are a couple of nuggets, detected and removed within minutes whilst we visited.

watermelon seed nuggets Comet Well.jpg

These nuggets are ubiquitous from 50 mile, to Comet Well, to Purdy's and beyond. Looking back from Comet Well to Purdy's puts the vastness into context. The conglomerate thickness at Comet Well is astounding and I can see very quickly that a $50B MC for Novo could still be a massive underestimate.

Whilst I don't disagree that the continuity will need to be defined, it is quite evident that the whole country side has been fossicked to death: holes absolutely every square inch of dirt. Amazing!

The story for me is a done deal.
Now it's about who in the junior ranks has the most potential.
Novo is at the top of my list now as well as KAI and MZN.

If KAI has the goods and can get their sh%t together, production will be theoretically possible straight after defining the zones to target. Defining a JORC may be problematic but the capex/opex will be extremely low for those with gold near surface. Mass bulk sampling is in my opinion the best option for fast tracking. They should probably be booking in their Steinert ore sorters now @STRUTH!

Very exciting and will probably play out for many months to come.

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