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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 Rhino10on Oct 26, 2018 11:35am
158 Views
Post# 28877966

RE:RE:Novo Announces Bulk Sample Results From Comet Well

RE:RE:Novo Announces Bulk Sample Results From Comet WellIskyhigh   That is absolutely correct .  All Novo have to do is mine it -follow the gold with the gravity plant and a very clear picture emerges without laboratory scale analysis which they finally admit can never ever define the mineralisation in these conglomerates. There is a  problem which I have pointed out before with the huge barren boulders - I am guessing but a lot of that material will struggle to be viable but overall with 5 -10 g/t pockets of mineralisation it may well be an economic proposition to bulk mine.  My view is with mining you will be able to quickly ascertain how to high grade -and there could be large 'core ' tonnages along strikes -down dips which the geotechnical personel will be able mark out in exactly the same fashion as open pit mining of structural gold deposits. There is just one difference -you dont have drill results to guide mining. Nevertheless I guarantee you will be reasonably able to eyeball it with experience as we do in alluvials.  But it has to mined -no other way -which they finally- after 18 months- admit. 
Bullboard Posts