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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 Nutbagon Jun 13, 2018 11:55am
125 Views
Post# 28165916

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sprott: NOVO - getting the mining license

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sprott: NOVO - getting the mining licenseI agree that it is confounding that a plan for extracting the bulk sample has not been explained.  If recieving multiple bulk sample permits is a possibility it should certainly be advanced in tandem with the sampling and the effort to convert the lease.  The government that provided the permit within weeks of submission is probably confused what they are waiting for. 

The mini bulk samples will be useful for stepping out along strike quickly and into new areas. My ideal would be for them to permit a decline on comet Well (or a few!) and process the muck - like a big drill hole.  They could be 1000m down dip within a year: keep going until the grade stops!  thats how you prove this the fastest.

In the future we may look on this time as a strange opportunity to invest before to proof is in.  I however am anxious to either be vindicated or proven wrong in my belief that this is what I think it is...  Thats life I guess..
Bullboard Posts