Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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 6,700 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 lithium joint ventures with both Liatam and 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

Novo Resources Corp

Bullboard Posts

Comment by LiquidForumon Dec 23, 2018 1:19am

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Post# 29151397

RE:RE:Attention Novo Board Of Directors

Mountbatten wrote: If he is he is correct. The new reease was deceptive. The dilutive effect of the unprocessed material will probably drive the average calculated head grade even lower.

Gold recovered

Sample 1 – from 5.6 t - 10.692 grams gold

Sample 2 – from 4.0 t – 3.5908 grams gold

Sample 3 – from 4.2 t – 1.196 grams gold

Sample 4 – from 4.4 t – 1.2064 grams gold

VERY LITTLE GOLD RECOVERED FROM THESE LARGE SAMPLES

The calculated head grades

Sample 1 - 1.91 g/t gold

Sample 2 – 0.90 g/t gold

Sample 3 – 0.28 g/t gold

Sample 4 – 0.27 g/t gold

Worse than bad for a $350 million mkt cap company. Between 26% and 49% was less than 6 -10mm which was not processed and this may have some additional gold, but we have repeatedly told that the gold is very coarse. This finer material probably has lower grades so will dilute the head grade.