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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 8:17pm
388 Views
Post# 27757774

RE:RE:RE:RE:RE:Wallstreet

RE:RE:RE:RE:RE:Wallstreet
TXRogers wrote:
Wallstreet1112 wrote:
Ayogan11 wrote: Hi Tx. I’m not asking him how it came about as for sure thats complex. Asking why he would bet the farm that it will come in above 5g over a mineable height. Because even though it could be very big it could also be lower than economic grade, in particular when its underground. 


I guess that was for me?

1. Conglomerates seem thicker "down dip" as per QH's statements
2. From what they are seeing it's 3-4m+ in thickness
3. Bulk samples seem to have shifted from 4x4m to 2x2m
4. QH sait it looked "robust" and mentioned "routinely" in the P&P interview

Grade is just an approximation out of "robust", "routinely", "nugget abundance" and the 2x2 sample horizon.


Hi HH. You, above all know this is just the tip of the iceberg. The more uniformly distributed Precipitated fine Gold will likely start to appear down dip and grades will be easier to pin down on a large area scale. For now, we simply have to accept the wild unpredictability of a mega scale coarse gold alluvial deposit. Keep up your outstanding work BTW. For retailers, you are a wonderful asset towards this investment. Tx


Hey TX,

The patchy chloritic shale sure is interesting. I guess we might find a sequence with more of this, but intact, and that might be our "carbon seam" type thing. (Just speculating here).

And I agree, the coarseness should not be a problem, especially given the size this looks to become.

Thanks for the kind words, and I can only say the same! Good to hear that not everyone thinks I'm just a pumper ^^.

Best regards,

HH
Bullboard Posts