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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
Post by paulindoonon Jan 16, 2018 8:36am
196 Views
Post# 27366292

Can fossikers take any nuggets

Can fossikers take any nuggetsWhile back last fall, Novo published several imagess showing (image 1 is Trench 1) of numerous nuggets, targetted by using metal detectors. Nugget were embedded in conglomerate rock. Note red/blue circles to id location per below:
[img]https://User image[/img]

[img]https://User image[/img]

My understanding re Australian laws & fossikers, gained via Rhino10 postings/explanations - you are such a wealth of hands on info Rhino10, that this BB is "blessed" to have you - is that fossikers are free to uncover/keep nuggets, even if situated on companies claims/tenements but that no mechanical tools can be used. So metal detectors, shovels, hand held pick hammers & similar are OK. And although Novo used jack hammers in several vid presentations published, I would think that healthy swings with a hand pick would serve similar results.

In picts of trenches there are hundreds of circles. So I assumed that Novo would have gone ahead to gather those nuggets vs leaving them identifies but still embedded. Following up on that, I contacted Leo to see how much Au we recovered. I was disappointed with his reply " We have maybe 60-70 samples with nuggets.  Each nugget probably weighs between 0.3 grams and ~15 grams.  Estimate total weight is on the order of 3-4 oz."

So is Novo being an most benevolent, charitable neighbour by leaving those nuggets for fossikers to recover? Maybe so for Leo also threw some light upon what our present - but hopefully after that Red Cloud interview is changing into doing more than just technical work!!!.
Per Leo: "We are not focussed on mining nuggets.  We are focussing on technical work."



Bullboard Posts