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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 Wallstreet1112on Mar 21, 2018 5:00pm
220 Views
Post# 27756749

RE:RE:RE:RE:RE:RE:RE:Bad news

RE:RE:RE:RE:RE:RE:RE:Bad news
thegeologist wrote: More of the former. 

Btw it is an alluvial setting ( see the well rounded basal conglomerates) and the same paleo-deltaic alluvial fan setting exists in many places including Beatons Creek and ... the real Wits.

Tides probably did not play such a major role in rounding the boulders or pebbles. They did their job in sorting and re-distributing the gold in a Nome, Alaska setting as already described by Novo. Multiple level marine terraces cut in bedrock (laterally and maybe downdip from CW) could exist (each with its own load of gold).

Then parallel to the shore currents carried some of the gold away on adjacent beaches. Scroll down and read this page to understand currents https://www.miseagrant.umich.edu/dc/types-currents/ Multiple scenarios possible.

Complex interaction but this is not the point. The point is that you have to understand the real potential of the claims (mineral ressource estimates, grade, tonnage, location of the bulk samples) and how is that going to affect a future mining operation (economics). 




Beaton's Creek is not CW/Purdy's. Different time, different land scape, different part of the ole Ur.

Does this look like what we have at CW?...

https://www.novoresources.com/projects/pilbara/beatons-creek/#&gid=1&pid=4


Bullboard Posts