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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
Comment by Nutbagon Feb 09, 2018 9:44pm
317 Views
Post# 27537406

RE:RE:Sorry folks. I sold my novo

RE:RE:Sorry folks. I sold my novoI definitely understand the frustration.... 4 hard numbers in 6? Months.  This  is definitely a weird animal, but it makes it worse knowing that they could learn the answer +\- 20% by taking readily available samples, hitting it with a detector, and assay the rocks with nuggets and then divide by total rock mass cut out.  So easy if you give up on being within 5% and give up on the officially insignificant fines.  Are we at .01 or 0.5 opt???  

How thick is the rich seam? Again, readily assessable with detectors and simple logic, yet we don’t have a clear answer.  One of the things that convinced me this was real was the trench photos with a meter or two of apparent thickness showing detector hits (hoakey I know).

Oh, and QHs comment about horizontal sample size being more important than vertical size was also disturbing?!?!?  How is grade x thickness not the #1 priority.  Samples need vertical depth control for statistical significance.  Size at thickness.  Not vice versa.

Still holding because this still just too compelling, but the delays on answers are crazy.  End of drunk rant.
Bullboard Posts