Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

Novo Resources Corp

Bullboard Posts

Comment by skott4Goldon Apr 09, 2018 2:14pm

121 Views

Post# 27854276

RE:RE:RE:RE:RE:RE:Another Quinton Hennigh Project. More bang for you buck

TX, the reason Irving is talking about Mining is because there is known gold there. There is no question. There has been a mine there before. They need a mining application to do bulk samples. Why is this ok for Novo but not Irving? the same man QH is doing both projects. Further the HIshikari mine is processing ore the same way that Irving will (without building a Mill) they just pay a smelter fee. To me this project removes all of the unknowns that Novo investors have been facing in the Pilbara. Just my two cents

TXRogers wrote:

Rocker66 wrote: TX, I'm curious if you are aware that Irving does not plan to ever build a mill.

Hi Rocker. I really haven't drilled down into what IRV has in mind long term. To me, I really lose interest when exploration plays start talking about mining before even having the resource adequately defined.

NVO is the interesting exception because of the excellent arguments that have been made stating that "Mining" is an intricate part of the Exploration activity - due to the physical nature of the gold itself. And that the overwhelming circumstantial evidence that suggests a great deposit(s) is at hand will always remain just that (speculative), until some sort of medium scale mining data confirms otherwise.

And I will have to admit, it is a concept which I had to accept as a serious reality as well. I believe that QH has has been pulled into a similar realization. The real fascinating aspect of NVO is how it will proceed along as primarily an exploration play while convincing other players to perform the economic mining portion.

Tx