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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 30, 2018 9:50am
117 Views
Post# 28893572

RE:RE:RE:RE:' . . . glasses down for Novo.'

RE:RE:RE:RE:' . . . glasses down for Novo.'Basically the same except for a few differences  -as I have often said it should have been working at Purdys and Comet Well 18 months ago  -as it will do now at Egina. If there is payable gold at Egina you can put a few 1000 tph plants into action.In fact that material may well be soft enough to utilise surface miners.  Then Novo is an alluvial mining company just like  historical alluvial operations at Bulolo -Indonesia  -modern day like Cambodia  with banks of huge Falcon or Knelson concentrators and a hundred others around the globe. But tut tut -- no 'scientific approach' -  Will Egina morph into multiple horizons of conglomerates like the Rand - its a likely story which will have every geologist shaking their head -but if it does I will be the first to offer my congratulations. So spend $60 million on what is basically a big alluvial operation and if it proves up I will be up it like a rat up a drain pipe on similar areas in the Pilbara. And then we go deep like at Top Camp -if the conglomerates carry gold. 
Bullboard Posts