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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
Comment by goldhunter11on Jan 25, 2018 5:52pm
230 Views
Post# 27436155

RE:And the Interview Implications:

RE:And the Interview Implications:Tx,
I would not write DL off, yet, especially his Radio Hill property. The plant which DL intended to refurbish is for processing other metals (not Au) hence it would be no use for QH. However, Novo can use the land to set up its pilot plant for processing the conglomerates. It has the permits for the tailings facilities and the water for washing stuff. So, the topic of discussion at that watering hole (Black Tom's) was perhaps, water, clean water and used water and all. In return, DL (as an experienced deal-maker) would want to include Purdy's conglomerates, at least the near surface, as part of the deal?

It worth noting QH's remarks on the mp3 audio interview with Cory Fleck that fossickers found nuggets in Novo ground ~30 km west CW. From the map, link below, this is a large green (Novo) just west of Radio Hill (the eastern edge of Novo ground is almost next to Radio Hill (the little purple blob east of the hwy (142), and at about a 10 o'clock position from CW (pink blob). Let speculate that QH started exploring this area, after hearing the stories from fossickers, and found near surface conglomerates as well . Perhaps, he would want to have some water nextdoor to wash his hands, ...and the samples of course, while waiting for a licence to draw water from aquifers and a licence to set up a proceesing (wash) plant on Novo own land? Then QH can play hard ball with the other chap. 
https://www.novoresources.com/projects/karratha/comet-wells/
GH
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TXRogers wrote: Towards the JV with ARV? Well, DL better put the spliff down because it looks like ARV is no longer a priority for NVO (as expected). And that goes for Radio Hill as well - also expected. Not sure what QH and DL discussed last week over lunch and drinks at Black Tom's, but I wouldn't be surprised if it was primarily focussed on the menu and the summer weather. Tx


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