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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 25, 2018 2:41pm
162 Views
Post# 28686606

RE:Good Day Sir!

RE:Good Day Sir!That makes two of us.  The message I got loud and clear was "don't expect great things from the results".  It was pretty dissapointing to see results released like that - in this sort of system showing the number of nuggets coming from samples is darn close to disclosing the assay.  I know that only a handful of samples were shown, and some looked pretty good (similar to the Lower Cannonball nugget sheet which ran 10gpt), but there were a few that did not look so hot (~1gpt?).  I shouldnt complain too much though, it gave me the chance to sell...

I still believe the systemic gold assertion seems to be supported - but pervasive mineralization is not the same as pervasive economic mineralization.  That threshold seems more at risk now.  I will happily get back on the bus if the assays are stronger than I had am expecting now.


Bullboard Posts