Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

Novo Resources Corp

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Comment by Iskyhighon Sep 23, 2018 1:45am

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Post# 28672086

RE:Cobbler's Gold - Yarraloola

I've added the CZR - Shepherds Well prospect to the map.

HIGHLIGHTS

Soils (-2mm) underlying basalts at the base of the Fortescue Group report gold (between 5 ppb and 737 ppb) over 23km at Shepherds Well, representing an emerging target for coarse-grained “melon-seed” gold in conglomerate in the Pilbara.

The horizon on E08/2361 maps an ancient topography of ridges along with broad and narrow valleys. Higher numbers of samples and higher grades of gold are reported from the broad valleys.

Coziron has an advanced understanding of the prospective targets and exploration techniques that can effectively explore areas with prospectivity for conglomeratic gold in the Pilbara.

Future work will systematically map and sample the interval under the basalts at the base of the Fortescue Group investigating opportunities for conglomeratic rocks with “melon-seed” gold particles in ancient valleys at Shepherds Well.

Coziron is also reviewing the distribution of gold on its other tenements located in the Pilbara that host the Fortescue Group to identify targets along the basal contact with the potential to host coarse-grained “melon-seed” gold in conglomerate.

Iskyhigh wrote: A 2013 Coziron gold prospect to the South-West.

Soil-based Gold Results (max 1.75g/t) from Cobblers Prospect

HIGHLIGHTS

- Gridded soil sampling on a 200m by 50m spacing has identified a gold anomaly over 2km long and 1km wide reporting a peak Au value of 1.75g/t.

- Soil-based gold anomaly overlies a sequence of pillow-basalts within more massive units of the Fortescue Basalts on the eastern part of the Yarraloola Project area.

- Continued assaying of RC drill samples from the May-June programme which intersected graphitic and sulphidic shales indicates widespread gold and base-metal anomalism.