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 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

Novo Resources Corp

Bullboard Posts

Post by Rhino10on Nov 15, 2019 9:00am

104 Views

Post# 30355550

Egina Mining

Horseman just posted on CEO he envisages 3-4 sq km a year for intitial Novo mining.

So if it grades 0.2 g/cu metre over a depth of 1 metre that's an earth shattering 26,000 ozs a year. Lets say it grades 1g/cu metre an earth shattering 130,000 ozs a year for a company with a $500 million market cap. Check me out -late here - but that is the sort of nonsense I see every day from the Novo fan club.

And it will never grade 1 g/cu metre over large areas. Goodnight-

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