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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 timmuggson Sep 16, 2018 5:30pm
226 Views
Post# 28629450

RE:This is a real deal ...

RE:This is a real deal ...This is interesting info on the RNC find of bonanza gold in WA, but not in the pilbara. But this statement from the RNC bullboard might be relevant to Pilbara gold: where it comes from and where to find it. Incidentally, as in the Pilbara, nuggets are found at the surface in areas near the RNC mine, and the nugget bearing layers are covered with basalt. Here's more info:

link:
https://www.stockhouse.com/companies/bullboard?symbol=t.rnx&postid=28628786

Relevant text:

quote

2. The living room of gold is not the real story although it couldn't have come at a better time seeing how cash poor the company was..."was" past tense. What is important is the understanding of the geology and what that means going forward. They have shown that the this layer of sediment between the basalt flows acts as a catalyst to crystalize the gold bearing fluids ....this layer is 1 foot thick and exists between the basalt layers for miles. Along the shear zones is where the fluids were shot up from the depths and catalyzed by this sediment layer. The jewelry store find is where these shear zones intersect other geologic features which is great but not the big story....The big story is how high the grades are throughout the entire sedimentary layer that follows along the shear zones. This could be massive and incredibly easy to follow and mine. The real deal is if we can define a resource from this, put tonage to it and then simply mine it for it's entire length at some grade that is a multiple of what is currently being mined...I think they can

Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.rnx&postid=28628786#mF1PYLCGoyCL6SG0.99
end quote

incidentally, there were ohotos posted today of nuggets found on the ground at the garage - after they hosed off the truck, there were nuggets laying in the driveway. Maybe QH can show us how to make such a find. And this bonanza find was from 500 meters deep in the nickle mine, after they went on a sidetrack.


Bullboard Posts

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