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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 Oct 11, 2018 7:53am
98 Views
Post# 28779171

RE:Carts before the horse.

RE:Carts before the horse.
Rhino10 wrote: Every Aussie explorer in the Pilbara with practical hands on personnel will progress exploration progams on Exploration Licences including bulk sampling with gravity plants and independent laboratory analysis. When and if conglomerate horizons prove to be carrying gold in quantities that justify large tonnage bulk sampling -mining then they lodge applications for Mining Leases and progress in the manner we have been doing  for the last 100 + years. 

Only a company like Novo would spend several years progressing exploration the most part of  which I have always agreed was professional but omit the most basic component of that program -bulk sampling and practical gold recovery through gravity plants which a laboratory plant can NEVER replicate.

One could speculate what finally forced Novo to produce a report at all which should have been released months ago and one can speculate  what will be in the next report/s. Not much I suspect because it is imposible to get a handle on the tonnages and grade without trial mining -and despite all the nonsense on this forum and other forums about grade not being crucial the fact is without an idea of grade it is an absolute waste of time applying for Mining Leases. 
As for Beatons Creek -Novo's claim about their resource being the best resource in Nullagine is totally misleading and not factual.  Millennium Minerals a REAL mining company has been mining 80,000 ozs a year or whatever it is currently for many years  -is continually increasing its reserve -resource base in oxide and now sulphide ore and will be producing gold for many years to come whilst QH keeps waffling on about an ore body that most likely will never be mined. If Beatons Creek ore was easy to mine and process it would have been done years ago when MOY owned the property and Brian Rear- a consummate professional -started mining the Mosquito Creek succession. 

As for Blue Spec could not believe the High Priest mentioning that as a valuable Novo asset recently ! 

I am waiting for the High Priest  and his cult following to all meet and commit suicide together soon when Novo gets down to 25 c which is about the right market cap for the company in the current circumstances. Novo is on a hiding to nothing with current inept management. 



Whinehole keeps f-ing up his message regarding Beatons Creek / vicinity ground. A cute Whino quote:

“I have been prospecting the Pilbara since 1968 and we have never witnessed the exact type of situations now occurring. I owned most of the Mosquito Creek succession at one stage and I would never have imagined as much gold existed as Millennium are now discovering.”

Is the Whinehole WRONG again - now he's wrong about Beatons? You decide based on his words reposted above...........

And now mining guru Whino is critiquing Quinton/Novo's Blue Spec as well?

Sit down gramps & stfu.

Bullboard Posts