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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 Sep 08, 2018 8:08pm
170 Views
Post# 28585430

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Rhino10

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Rhino10You are right, they could/will rip a trench 8km long and ??? Wide, but I am here for the exploration potential- I want to know what they have beyond 10m under cover, and they can’t know that without getting underground thanks to the shity nuggety nature of the mineralization.  This idea of trial mining is great to make some cash and a point, but they should be figuring out how to test the down-dip extension priority #2 behind determining the grade of exposed material.  It seems to me a natural extension of what they are currently doing- take a bulk sample every 25m along the decline and run it through a gravity plant - run all the development muck through the same plant and maybe make some cash (though the grade would be low due to the height of the drive).  Open pit and underground trialling concurrently.  Just seems like a logical thing for an exploration company that has $70m and claims to believe in this to be advancing.

Bullboard Posts