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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 Icarusonfireon Apr 01, 2018 9:06pm
250 Views
Post# 27812820

RE:RE:RE:RE:tbnorthstar - Comet well 2KM plus for trial mining

RE:RE:RE:RE:tbnorthstar - Comet well 2KM plus for trial mining
Farrow1 wrote:
The grade is there...... and the next 20 days will reveal the bulk measurement of how much to model. 


Farrow et al,

I hope beyond hope that you are correct. I'm optimistic when I consider what Johnathan C has to say about Comet Well.  My fear is that not much actionable information will be released. My heart says go for it, because we could get some dynamite results in the next few weeks.  My brain says BE CAREFUL. "You have been in this position before and have been terribly disappointed!"  The November releases are prime examples!

If I have it correctly:  We are digging 3 meter by 3 meter ditches that are 1/2 meter deep, per sample.  30 SAMPLES gives us the results of JUST ONE TRENCH, if that trench is 15 meters deep (and it should be with three possible layers of conglomerates).  60 samples gives us just 2 trenches, (for a10,000 square KM land package).  Probably not enough holes, or information,  to get this ball rolling down hill in April.  We already had spectacular results from one hole last August, and that turned out to be a dud in the big scheme of things.  Once fooled, twice shy says Mr Market......I don't think it won't move the stock on just "good results" this time.

Praying for the best, but preparing for not much to work with,

Burned too many times to be high as a kite awaiting April bulk sample results, which might be somewhat limited in coverage...
Icarus
Bullboard Posts