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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 HeyBlinkinon Nov 29, 2017 6:30pm
399 Views
Post# 27058753

Large diameter drilling

Large diameter drillingA slow day while we await news...

I haven't seen much here about the details and reasoning behind the abandonment of the large diameter drilling. So I thought I'd post this here - quote below taken from a post at ceo.ca. - apologies if I haven't followed the appropriate cross forum protocols, but I though this was interesting and wanted to allow those here some insight into Novo's reasoning, rather than just leaving it as a conspiracy theory.
Would a really big shop-vac have helped?

HB

"Someone's recollection of what DL said at their annual meeting as to what went wrong with the 17.5 drilling (hotcopper poster "energytsars"): There was some discussion about getting JORC resources calculated and reported and the failure of the wide diameter drilling as a sampling system. DL and others said the problem was that the 17.5" drills reduced everything to chips and the nuggety gold was falling to the bottom of the shaft and no amount of air compressors was going to lift it all up in a manner that allowed accurate reporting of the depth of any set of chips."
Bullboard Posts