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 1:29pm

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Post# 26992261

cont...

Already positioned myself.
I actually hope @ghosta is right in that it will play out over a much larger timeframe.
This may keep some stability in the market as well.

Any lack of continuity will just mean that more exploration will be required because Purdy's and Comet Well will certainly have high grades from what I can see.

One thing I forgot to mention is the disseminated gold around the nugget. Once the nugget is removed, the metal detector signal is much lower than the signal originally in the ground. Therefore, the disseminated fine gold surrounding the nuggets is quite significant! I saw it first hand! So we have nuggets and fine gold as targets: I couldn't be happier.

But again, diamond drilling and bulk sampling probably the only way to define a JORC.
2018 will be massive indeed.

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