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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
Post by Rhino10on Nov 19, 2018 9:10am
162 Views
Post# 28993272

Purdys Comet Well

Purdys Comet Well Facts -

1.  Initial high grade gold came from several small pits - the original discovery areas. 
2. Subsequent trenching along strike on both sites - no reports of visible gold or metal detectable gold. If there was anything of significance it would have been reported and shown in photographs and videos as were the intial results which were broadcast to the world. 
3. The bulk samples of 2.5 tonnes were more than adequate to provide analytical results through the SGS laboratory scale plant. Just an excuse not to report the results - 
4. Subsequent reporting of analytical results -a small fraction of the bulk samples despatched to SGS show economic gold grades ONLY at the small discovery site -no gold of any consequnce along the entire strike as shown in the maps Figue 1 at Comet Well from memory. 
Conclusion is irrefutable -there is NO continuity of gold at either Purdys or Comet Well. 
5. No mining lease application lodged yet -if there was continuity of gold the application would have been lodged months ago. 
6.And finally if there was millions of ozs the share price would be many multiples of its current price. Go figure - 
Bullboard Posts