Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Nov 12, 2018 12:17am
113 Views
Post# 28958095

RE:RE:RE:RE:RE:Why do you like (still) Novo?

RE:RE:RE:RE:RE:Why do you like (still) Novo?Allenbow   Nothing contradictory at all - As the Geologist and I have pointed out on many occasions you must differentiate between continuity of conglomerates and continuity of gold bearing conglomerates. Noone disputes continuity of conglomerates -after all there are 20 metre horizons for miles under Mt Roe Basalt as at Kangan but are they gold bearing and then are they econonomically viable -why grade is crucial not as people on here have said is not important. From the information thus far the gold is concentrated around the discovery areas and is not continuous. 
I still hold Artemis  - the jury is out on whether any ARV conglomerates like Patch 47 demonstrate they are any more continuous than Purdys and Comet Well. Somehow I doubt - but having said that at least Artemis have a substantial plant so that trial mining can be conducted enabling the mined material to be processed in a practical and professional manner. From that as exploration continues shareholders will be able to assess the conglomerate gold potential with the bonus structural gold resources which can also be processed for their gravity gold content -if that is considered a viable proposition. 
DeGrey are proceeding methodically but I would ramp that up too and really put some ore through -so from my perspective Artemis are where I would be placing my bets if conglomerate gold was my only focus. As you know I work across all commodities and given the continuity of gold in conglomerates thus far is disappointing you might be wise to hedge your bets. Cheers 
Bullboard Posts