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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 12, 2019 8:55am
107 Views
Post# 30339007

Ore Sorters

Ore SortersIt does not matter what size gold particles can be recovered with mechancial sorting the entire concept is flawed on environmental grounds. 

There is no way that DMIRS or any of the Govt Enviromental Agencies will allow a company to strip mine thousands of sq km of the Pilbara landscape to recover gold. No way full stop. 

Given current grades the concept proposed involves thousands of sq km. Even if grades were much higher than presently indicated -and Novo have found no real new gold anyway -all thus far within an old alluvial patch -it still involves hundreds of sq km and on environmental grounds will never be allowed. 

Then in any areas of disturbance add the cost of rehabilitation -irrespective it may now only be bare ground with not much vegetation it will all have to be revegetated irespective of what may be there prior to disturbance. 



Bullboard Posts