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 26, 2018 3:27pm

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Post# 28695539

RE:Friendly Creek

Iskyhigh wrote: Pacton has boots on the ground I see.<br /> <br />

https://www.pactongold.com/news-and-media/news/pacton-expands-exploration-to-include-its-friendly-creek-project-in-the-pilbaras-egina-area

Located approximately 10 kilometres east of the Mugarinya Community. Permission is needed from the community to visit the area. Like many small mining centres, the historic information is limited, due to the remote nature of the locations.

The goldfield was mainly alluvial with little gold from quartz mined. Some copper is also known. Total production is unknown as records were not kept before 1897, and most alluvial gold was not reported anyway.

A. Villars found a 127 ounce nugget in November 1888, shortly after the field was discovered, being the first large nugget found in Western Australia. Samuel Willocks found a 165 ounce nugget in 1892.

Bobby Williams was reported to have found a 400 ounce nugget in 1902, until a closer look revealed the information said 40 ounce. Sixty men are reported on the field at this time, with no provisions, no water, and generally no gold, as the field was either large slugs or nothing. Minor activity occurred in the early 1930's, but a lack of water and remoteness discouraged many.

J.H. Harris formed a syndicate over Friendly Creek itself, just downstream from its junction with Browns and Sandy Creek after panning for gold and finding colour. These leases were taken under option by Goldfields Australian Development Company, but no more is heard.

Utah Development Company explored the area in the early to mid 1970's. An aboriginal reserve was then established, with a moratorium on mineral exploration. This was only lifted in 1998, the Farno group pegging some leases, then Bullion exploring. De Grey Mining then explored the area in 2008.

Modern exploration has focussed on two regional scale north-east trending shear zones in the area, the John Bull and Pilbara Well shear zones. John Bull strikes for 7 kilometres, while the Pilbara Well Shear Zone is a length of 21 kilometres, on the south-east margin of the Pilbara Well Greenstone Belt. Most of the historic workings are on these shears, except a third group, west of the John Bull Shear Zone, containing Foochow, Hong Kong and Empress historic mines. Gold is found in quartz veins in the shear zones are east north-east trending, or at the contact between the greenstone and Yule Granitoid Complex.