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

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Comment by Monkeydonkeyon Apr 27, 2018 3:56am

169 Views

Post# 27948578

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Significance of this News Release

TXRogers wrote:

waitingstill wrote: Rhino - I am glad that you think the exploration program is professional and I do value your experience. I also agree that the sampling reporting has been amateurish as well. The key question is this. Intentional or not? Just like when an unusual event occurs, the question to ask is "who benefits?" I think that applies here. Who benefits by the objuscation that has occurred thus far? In my opinion - any major who wants to pick up more ground on the cheap. The two companies in the cat seat are KL and NEM and they just happen to be on the ground on a very regular basis plus have significant capital invested in NVO and the area.

So, seeing as KL is a successful company (thus far) as is NEM and they are on the ground and they are invested - does it really make sense to you that they would allow NVO to screw up so badly? Wouldn't KL have geos shouting in QH's ear what to do with prompting from ES who just happens to be COB of both companies? I find it very unlikely that ES is going to sit around uselessly watching NVO burn through money that KL invested if he thought QH was not doing his job properly (esp since ES also has his own money in both companies) and ES has the resources (ie KL geos who should know what they are doing) that would right the ship. To me, this just does not make sense and pushes me into Tx's camp. Those are my thoughts anyhow. As usual, time will tell. I hope we find out soon.

And yet another observation back from the NVO Feb 14, 2018 NR: " ....Purdys Reward bulk samples will be the first through this new plant, and results are expected shortly. The NR also states that: Novo collected a few approximately 6-tonne samples from a few trenches at Purdys Reward. These samples were collected after the recognition of the extreme nuggety nature of mineralization and that most nuggets are concentrated near the base of the conglomerate sequence. In an effort to standardize bulk sampling protocols, Novo extracted each sample from flat panels of rock each 0.5 m thick and with a set footprint of 4 sq meters. One of these bulk samples will be the first through the new SGS plant. Results of this are expected shortly after processing. Novo is considering collecting additional samples in a similar manner at Purdys Reward and Comet Well pending return of these results.". So........where are the details on these results? Are we to assume that nothing was processed? Tx

Heard they have some issues with artemis on how to proceed. Dont know if they got processed however...

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