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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 Nov 04, 2019 9:46am
77 Views
Post# 30304932

RE:RE:RE:RE:RE:Revel in this one!

RE:RE:RE:RE:RE:Revel in this one!Beatons Creek  What a joke -a small resource that noone has thought worthwhile to mine in the last 50 years and most likely wont be mined in the next 50 years. The ore is NOT amenable to a conventional CIP/CIL plant -anyone with an ounce of brains knows that  -except Moriarty and a Headless Horse and various assortments of dumbos on CEO none of whom who have ever mined an ounce of gold in their entire life. Brian Rear sold Beatons Creek  to Novo because it never has been and never will be amenable to processing through the MOY plant or any conventional plant.  A guy with an impeccable track record in developing mines and gold processing plants. 
And now Egina lo and behold !  A small low grade prospectors alluvial patch - with plans to strip mine thousands of sq km of the Pilbara landscape which would never be approved even if Novo actually do find some new gold. Thus far over 12,000 sq km of tenure not one single oz of gold discovered not already delineated by prospectors with metal detectors. No mining leases in place -no bulk mining and all that is left standing are a few poor deluded individuals still drinking the Kool Aid and Saki. You couldnt make it up - 
Bullboard Posts