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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 willibrichon Nov 24, 2017 1:16pm
360 Views
Post# 27026441

Actually....this is excellent news

Actually....this is excellent news
because it reaffirms my confidence in Dr. Hennigh. Early on , Dr. Hennigh stated that he would have to try different sampling techniques to determine grade properly. Investors are in the same learning curve as Dr. Hennigh. There are hints that Purdy's Reward could be a paleoplacer component of a much larger conglomerate deposit. If terrestrial water action concentrated concentrated the gold at Purdy's Reward , grades may well turn out to be off the charts bonanza values. I appreciate the fact that investors are being kept fully informed. Transparency is soooo important in this story. I note that , as of this time , there are around 3500 trades today. However the average trade is around 530 shares. So , the fact that I see no large scale selling of those institutions who are in the money , gives me confidence that this is one more example of retail not taking the time to properly digest and understand this situation.
Bullboard Posts