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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 1Ettingeron Sep 05, 2018 6:02pm
174 Views
Post# 28568554

RE:I just got off the phone with Novo

RE:I just got off the phone with NovoBH7 posted:
( 1 ) they will have a NR in 2 weeks
( 2 ) they will have between 10 - 15 assay samples to report on in that NR.
( 3 ) SGS is now performing as expected
( 4 ) the timeline for trial mining is still the 1st quarter of 2019 but could, with circumstances, roll over into the 2nd quarter.

ONLY 10-15 assays - say 100 tons in total, i.e. 2 months work were SGS performing "as expected". One presumes that they are not reporting on the further 10-20 assays that must be largely completed.

SO... My musings.
The reported assays will relate only to the upper conglomerate layer at CW as well as its continuation into PR. Data will be positive but patchy (maybe rich in the rills and poor in the ridges betweeen the rills (a sinusoidal jam sandwich).
The "yet to be reported" will be the lower, harder conglomerate at CW.
This is pure speculation.

The outcome will be a call for more patience and further PR interviews by QH and ES

Common features of posts by BH7, Oldfx1 and Tx are
(1) Patience
(2) A general committment/belief in the Pilbara.

While some might consider BH7 and Oldfx1 to be cautious/dumpers - they hold/have held/will recommit further when conditions are right; and Tx as positive/ stock booster people should take account of the fact that early this year he sold some Novo to buy Pac. IMO, posters on this board have more in common than some appear to believe.

Finally, a quote from Alexander Pope
"Hope springs eternal in the human breast:
Man never is. always to be blest..."
which will be mirrored in the next news release...

PATIENCE
Bullboard Posts