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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 Silverwhereon Sep 13, 2018 12:15am
148 Views
Post# 28609931

RE:RE:Kairos Minerals Limited - Hits Paydirt

RE:RE:Kairos Minerals Limited - Hits Paydirt
TXRogers wrote: Including the illustrations and maps:

https://www.asx.com.au/asxpdf/20180913/pdf/43y9d4026wjg7c.pdf

Tx


Kairos’ Executive Chairman, Terry Topping:
 
“This is a really significant discovery, both for Kairos and for the Pilbara region. The nuggets were recovered within colluvium adjacent to the prospective unconformity contact of Mount Roe Basalt/Conglomerate and basement and were scattered over an area of less than 150 m by 50 m. The nuggets were found utilizing a metal detector and some have a distinctive ‘watermelon seed’ shape similar to those found throughout the Pilbara in similar horizons.”
 

256 gold nuggets weighing 254 grams (8.2oz) in less than 150 m x 50 m i.e. less than 7,500 sq m.
 

A visual: a standard pro soccer field (football pitch) is 7,140 sq m. See wiki image & note here:
 
https://en.wikipedia.org/wiki/Football_pitch#/media/File:Football_pitch_metric_and_imperial.svg
 
Say one nugget per 10 m x 2.8 m.
 
8.2 ounces of nuggets is approx $10,000 US of gold (rounded up).
 
Imagine going to a soccer stadium & spotting 256 gold nuggets worth $10,000. Anyone game for a stadium riot?
 
.


Bullboard Posts