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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 RustyRelicon Oct 19, 2020 4:19pm
117 Views
Post# 31742829

RE:RE:.27 GRAMS PER TON ?????

RE:RE:.27 GRAMS PER TON ?????
RustyRelic wrote:
mrbubba wrote: ",27 grams per ton" is NOT what Jim Bowie and Kaptain Krush said.

They said said .5 grams per cubic meter, and that number seems to me to be conservative. Sampling released in January 2019 indicated "107.88 grams of raw gold were recovered from 95 cubic meters". For those mathematicall challenged, that would be more than 1 gram per cubic meter. I would also add that the professionals at Sumitomo tend to agree that the Egina is a good investment. Is there anybody here who has BETTER information than Sumitomo? Asking for a friend.

Kl has better info and they are selling.

Density 1.85  tonne/ m3.

.5 gm in 1.85 tonnes =  0.27 gm in 1 tonne.  Who is mathematically challenged there pardner?


Relic

And if soumi is still spending money then it hasnt been announced. The last I heard from a Q interview in March soumi was having decisional issues regarding covid and the budget had not been set for the current year and last year's budget has expired. Im am less and less up to date though so perhaps there is more recent news on that of which I am unaware. Pardner.


Relic
Bullboard Posts